Women Execs Boost Company Profits, Study Finds - InformationWeek

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Women Execs Boost Company Profits, Study Finds
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Ariella
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Ariella,
User Rank: Author
2/12/2016 | 2:19:58 PM
women executives
My guess is that women know they are under extra scrutiny in leadership positions and have to do more to prove themselves. That's not to say that men don't want to do well, too. But they're not likely to hear a putdown that equates poor performance with their gender.
impactnow
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impactnow,
User Rank: Author
2/12/2016 | 2:34:27 PM
Re: women executives
Ariella sad but very true there are still different rules for men and women and different criteria for pay and promotion. Unfortunately, we need to see some change in though processes to see the equality gap change for women.
Ariella
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Ariella,
User Rank: Author
2/12/2016 | 2:38:40 PM
Re: women executives
@impactnow Indeed. It made the news that Intel was able to say that it has no pay gap between men and women at the same jobs in 2016!
jastroff
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jastroff,
User Rank: Ninja
2/13/2016 | 12:03:59 PM
Re: women executives
interesting study. but sounds like there's much more work to do

>> The study did not attempt to explain why companies with women in executive positions correlated with increased profitability, but the authors suggested that it was possible that bringing a broader range of skills leads to better performance. The authors also wrote of a "pipeline effect" where women in leadership roles attract and inspire women to eventually perform similar roles.
David Wagner
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David Wagner,
User Rank: Strategist
2/16/2016 | 2:42:21 PM
Re: women executives
@jastroff- There is always more work to do. The authors hope to broaden the study and hope to track change over time. That would hopefully lead to more cause and effect answers. The current scope of the study is just not broad enough for that.
Broadway0474
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Broadway0474,
User Rank: Ninja
2/13/2016 | 12:05:19 PM
Re: women executives
Ariella, that Intel news is incredibly sad and eye-opening. Great for the employees at the company of course ... but its commentary on the rest of business is pretty obvious. Research like this, though, is hitting the "numbers guys" right where it proverbially hurts. As more data like this comes out, the business case for increased diversity in senior leadership will be an imperative that goes far far beyond good pr and quotas.
Ariella
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Ariella,
User Rank: Author
2/13/2016 | 7:05:52 PM
Re: women executives
@Broadway yes, that's exactly what I thought. I recall my aunt telling me that back in the 60s or so they officially justified paying women less than men for the same job because "men have to support their families." She wasn't working just for something to do and also had children to support (having been widowed at a very young age). But that was the climate then. You'd expect we should have made a lot more progress in half a century!
Technocrati
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Technocrati,
User Rank: Ninja
2/13/2016 | 4:15:03 PM
Re: women executives
@Ariella @ ImpactNow   It is amazing that with all the great technological advances made in the past century - we are still very much living in the "Stone Age" when it comes to equally of gender and race.

Really embarrassing when you think about it.
Ariella
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Ariella,
User Rank: Author
2/13/2016 | 7:08:40 PM
Re: women executives
@Technocrati Indeed, it is.
Brian.Dean
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Brian.Dean,
User Rank: Ninja
2/15/2016 | 4:50:06 AM
Re: women executives
If the labor force increases then, the economy produces a higher level of output. Overtime, the pay gap will decrease because individuals will gain experience and/or education that are in greater demand in the workplace. I wonder if it will take a very long time for this to play out in a global setting.
Broadway0474
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Broadway0474,
User Rank: Ninja
2/15/2016 | 8:35:49 AM
Re: women executives
Internationally, I would think the hopes of progress are far dimmer. The US is still pretty progressive for diversity and gender issues in the workplace versus most other regions, no?
Brian.Dean
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Brian.Dean,
User Rank: Ninja
2/15/2016 | 11:06:30 AM
Re: women executives
You are right. According to the World Bank, in certain regions of South Asia the proportion of population that completed grade 5 was 67.2% for males and 46.7 for females. The future will reflect these proportions in the work force and entrepreneurial activities -- it is a vicious circle. Nevertheless, MOOCs might be able to break the circle. 
David Wagner
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David Wagner,
User Rank: Strategist
2/16/2016 | 2:40:43 PM
Re: women executives
@Broadway- Well, it depends on how you measure progress. The US is well behind most European countries in terms of female executives and board memebers. Though there exceptions (Germany, for example). 

When compared outside of Europe, the US is better, but not as good as you'd think. Japan is probably the worst when it comes to female executives and board members. It is so bad there that they have mad "womenomics" a part of theit economic strategy. They are making active efforts to encourage more female leadership.

But really, if you check out some of the charts in the paper attached you can see our numbers really aren't impressive globally. 
Broadway0474
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Broadway0474,
User Rank: Ninja
2/16/2016 | 11:36:15 PM
Re: women executives
David, no one would argue with you that more progress needs to be made in the US. No doubt that Europe would be the place that would put us to shame --- as it does in many other categories (healthcare, quality of life, etc.). But Germany? I am surprised that Germany isn't more enlightened on the female corporate leadership issue. Wow!
David Wagner
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David Wagner,
User Rank: Strategist
2/17/2016 | 11:19:34 AM
Re: women executives
@Broadway- Right. I'm not sure why that happened. It is obviously out of the scope of the study to break it down by country. Perhaps it is strange echo from World War II since Japan and Germany both have this problem? That's total speculation, but perhaps the social and economic realities that allowed women into the workforce were different back that far and we still see it today? Or maybe I just picked up on a coincidence.
Broadway0474
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Broadway0474,
User Rank: Ninja
2/17/2016 | 11:12:57 PM
Re: women executives
David, you might be stretching the connection between Germany, Japan and WWII. They both have militaristic streaks in their culture, and perhaps very strong tendencies when it comes to bowing to authority. One of my favorite memories as a young adult was traveling to Germany and jaywalking --- those folks will not cross the street unless the little white man on the lamp tells them to! But do those tendencies equate to extreme gender bias, even misogyny?
kstaron
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kstaron,
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2/19/2016 | 5:05:12 PM
Re: women executives
I wonder how much of the pay gap is based on the maternity leave some women take when starting a family. As the study noted paternity leave, which means the woman can re-enter the workforce faster or have more support while re-entering slowly seemed to have a huge effect. It means women execs can get more years in to get to a higher paying more powerful position. Has anyone seen studies that differentiate women's pay based on if they took time out of their work career to raise a family or not?
Li Tan
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Li Tan,
User Rank: Ninja
2/14/2016 | 2:06:16 AM
Re: women executives
It's a good thing to see more balance in gender at executive level - I don't see any reason/data why women cannot perform as well as (or even better than) man did.
jries921
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jries921,
User Rank: Ninja
2/13/2016 | 2:03:49 PM
One possible explanation
Female executives are less likely to let their egos get in the way of doing the right thing by the company (this is biological, if you don't believe me, then watch the animals).  I'm guessing that they're also more likely to have work in balance with the rest of their lives (they're less likely to wear themselves ragged on the job than are the men, which means they're not making as many fatigued decisions).
Technocrati
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Technocrati,
User Rank: Ninja
2/13/2016 | 4:11:47 PM
Re: One possible explanation
Nothing really surprises me about these findings, Women are generally much more reasonable and thus more effective than Men.
Broadway0474
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Broadway0474,
User Rank: Ninja
2/15/2016 | 8:58:12 AM
Re: One possible explanation
@technocrati, aren't you swinging the stereotypes the other way now? Certainly not all men are unreasonable, and not all women are reasonable. No matter diverse your leadership, you still have to pick good leaders.


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