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Is gender equality in the workplace expected any time soon? According to a recent 2014 study of the World Economic Forum, it will not happen until 2095. The report, which covered 142 countries, looked at how men and women access education, health, political participation and economic resources. In health and education some countries have closed the gap, but women are lagging behind men in political participation and access to economic resources.
Women should reach parity with men in the higher ranks of the corporate world but unfortunately this is not happening. In developed countries like the United States (US), where women collect 60% of four-year degrees and represent half of the current workforce, the numbers show that progress has yet to happen. Another global study confirms this. The study published by KPMG in 2014, shows that men have 4.5 more possibilities to obtain a senior position than women. Women are getting recruited; but the larger issues like equal salary and promotion opportunities arise after they enter the company.
What gets in the way of women’s progress? The issue of women’s advancement is very complex and depends on a variety of factors. Is the system unfair or is it about the women’s’ own beliefs? In 2012, Anne-Marie Slaughter, professor at Princeton, wrote an article for The Atlantic entitled “Why Women Can’t Have it All”. Slaughter who left a position of power, believes that workplaces are not favorable to women with children. Women who manage to be mothers and top professionals are superhuman, rich or self-employed. The system has to change and become friendlier to mothers. On the other hand, Sheryl Sandberg, Chief Operating Officer at Facebook and author of the book Lean In, thinks women are not ambitious enough, do not have confidence in themselves, question too much their own capability to balance work and life responsibilities, and miss opportunities for promotions.
What is the solution to the problem? A 2011 McKinsey Quarterly study entitled “Changing Companies’ Minds about Women”, supports Slaughter’s position and describes the elements that need to change at the workplace in order to support women’s progress. Not only policies, programs and work practices, need to change but also the mindsets embedded in the organization about what women can and cannot do. In my work with women leaders in the United States and abroad, I found like Sandberg, that some women block their progress because of their own mindset or self-limiting beliefs.
What can companies do to help women advance? Companies that view the issue as a culture change initiative with a strategic approach, have a much better chance of succeeding. Here are some recommended steps companies can take.
My hope is that companies all over the world get inspired to deal with the real issues that are holding women back in an authentic way, so that they can tap into the wisdom and intelligence of these women to create a better world for our future generations.