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Re:If Women Were in Charge... (1 viewing) (1) Guest

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TOPIC: Re:If Women Were in Charge...
#1568
If Women Were in Charge... 1 Year ago Karma: 0  
The current financial crisis has some rethinking the role of women. Ernst & Young's Groundbreakers Series, includes a piece Using the Strength of Women to Rebuild the World Economy. It touts the vast body of research that shows women make significant and proven contributions to business and economic growth. The E&Y report urges that now is the time to realize and harness the positive effect that women's economic empowerment and leadership can have on the global economy.

The report highlights the numerous studies that have drawn the conclusion that having women at the top improves financial performance, that women can be powerful economic drivers of economic development, and that even when women are better educated than men, they experience wage and occupational disparities, inadequate political representation and little or no visibility in corporate boardrooms. Lastly, it says academics, policy-makers and others assert that long-term economic growth requires the expanded participation of women in the workplace.

It's frank in its assessment: "It's time to place renewed emphasis on women as a resource to move businesses and economic ahead. The learning that comes from this crisis is a terrible thing to waste."

And although we'll never know the answer, the report asks: Would the economic and financial upheaval have turned out differently if more diverse perspectives had been considered at key decision points? Would the frames of reference that women and other diverse professionals bring to issues have resulted in different discussions about risk? Would different strategies have been tried? Would different actions have been taken?

Great questions indeed.
 
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#1863
Re:If Women Were in Charge... 10 Months, 2 Weeks ago Karma: 0  
As of September, women held 49.6% of U.S. jobs, excluding farm workers and the self-employed, a rise of 1.2 percentage points from their 48.7% share when the recession began in December 2007. In 1970, women held 35% of jobs.

The Corporate Executive Board says that for companies navigating this demographic shift, it is useful to understand work-life preferences of women as compared to men. For women, the top three most important considerations are flexible work schedule, appropriate workload, and predictable working hours. The biggest difference in preferences is that women place a signicantly higher premium on the ability to switch between part-time and full-time responsibilities.
 
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#1963
Re:If Women Were in Charge... 8 Months, 3 Weeks ago Karma: 0  
In the wake of the recession, high-powered women are disproportionately thinking about or actually leaving jobs. This is bad news for business given that research shows that women in senior positions equates to higher productivity, higher return on investment, and greater resilience to downturns, according to Harvard Business Publishing's Management Tip of the Day.

The takeaway:

Stop the female flight before it happens by developing programs for your high-potential women.

HBR reports that successful programs at Intel and Johnson & Johnson have focused on career development, networking, and building the skills needed to reach the highest levels of the organization.

By launching these types of programs, you're not only giving women the opportunities and skills they need to succeed, but you're also showing them that your company cares that they stay.
 
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#2108
Re:If Women Were in Charge... 6 Months ago Karma: 0  
There was an interesting article on Fins.com yesterday. The headline said it all: Women in Finance: Nothing Has Changed.

The article said that the headliners for last week's Women in Finance in Symposium in Washington, D.C. featured Sheila Bair, Mary Schapiro, Elizabeth Romer and Christina Romer who came together on one podium to discuss the lack of women in top financial positions.

According to the article, there has never been a woman chief executive at a major Wall Street firm. There are no women on Citigroup's executive committee. At Evercore, only the COO of equities is female. There are no senior women at Lazard and Jeffries. Lazard didn't hire its first female bankers until 1980.

That said, a few do have women at the top. BofA elevated Sallie Krawcheck to head the firm's global wealth and investment management division. JPMorgan has Heidi Miller running the Treasury and securities services sector, and Mary Callahan Erdoes, who heads up the asset management business.

While those are good examples of women in important positions, only two to three percent of finance-related chief execs are female, according to the article.

Lastly, points out the article, if the recent spate of discrimination lawsuits against big firms is any indication, perhaps women are just as far from reaching their goals as they were 30 years ago.
 
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#2286
Re:If Women Were in Charge... 1 Month ago Karma: 0  
FINS.com reports that while Wall Street has long been called a boys' club, that label has become increasingly accurate in the past decade.

Women are disappearing from the ranks of finance workers, despite a decrease in sexual discrimination charges and a rash of new corporate programs to attract and retain them. Meanwhile, the number of men in the business has surged.

In the past 10 years, FINS.com reports, 141,000 women, 2.6 percent of female workers in finance, disappeared from the industry, while the ranks of men in the industry grew by 389,000, or 9.6 percent, according to a review of data provided by the federal Bureau of Labor Statistics.

The discrepancy is particularly pronounced at brokerages, investment banks and asset management companies.

The shift in gender ratio contradicts changes in the overall workforce. In the U.S. labor market, the ranks of women have grown by 4.1 percent in the past decade, outpacing a 0.5 percent increase in male workers.

The numbers suggest that women bore the brunt of layoffs in the recent recession and sexism is still a problem in U.S. banks, insurance companies and real estate firms. But other forces may be at play, so says FINS.com.
 
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#2302
Re:If Women Were in Charge... 1 Week, 3 Days ago Karma: 2  
I wonder when this decline happened. Was it mostly recently or has it happened steadily over the decade? If it's recent, then it's related to the recession and would indicate that there has been more job loss among women--perhaps because of lack of seniority? Because it's still an old boys club so they're naturally the first to be let go? No question that it's still an old boys club in the financial services industry.
 
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