Even though women are half of the working-age population globally, there is still a persistent imbalance of women in positions of power. The glacial pace of change has sparked debate in political and corporate circles about the viability of more aggressive measures such as quotas to push gender equality into the corridors of power. Gender parity isn’t just the right thing to do, it also makes good business and socio-economic sense. Research shows that more women in higher roles result in the form of better performance for the companies involved as follows;
Gender research organization Catalyst reports that Fortune 500 companies with female board members show a significantly better financial performance than those with lower female representation.
The better a company’s financial performance, the better the performance of the organization as a whole, which leads to more development, better productivity and a greater number of job opportunities.
Research backed by the Harvard Business Review, notes that women are equipped with better relationship building skills. The review says female leaders are consistently rated a notch higher than their male counterparts in the category of relationship building which leads to a stronger company culture.
Companies traditionally fare better with women in leadership roles than their counterparts during times of financial crisis.
Men can also benefit personally from gender equality in leadership roles.
Male identity is still connected to his job, role and pay package. The sooner the corporate world comes to terms with the rising prominence of women, and their increasing participation in management decisions, the sooner this will take some performance pressure off men.
In The Home
As women move up the ladder, they also take a greater share in the financial support of the family. Men, in turn, should share equally in domestic chores and childcare. Increased involvement from both parents has the added benefit of reducing the risk of behavioral problems in kids and strengthens the family unit overall.