According to the World Economic Forum, we are still 202 years away from gender parity in the workplace. Although centuries from equality, the irony is this: Diverse workplaces greatly impact a company’s bottom line — and for the better.
And there’s data to back it up. McKinsey & Company’s 2019 Women in the Workplace Report revealed that companies that are gender and ethnically diverse are up to 35% more likely to outperform than the industry median.
“We have to crack the code to expedite gender equality in the workplace,” said Romy Newman, Co-founder and President of Fairygodboss. “Companies that hire and retain great female talent will be the ones that win.”
To tackle this head on, leading voices from Deloitte, Google, Nielsen, IBM, Facebook, Salesforce, AT&T and more gathered at Galvanize 2019, Fairygodboss’ two-day summit to discuss gender parity in the workplace.
Watch the video and get inspired by corporate leaders who are determined to improve gender diversity in 2020:
To help your company accelerate the path towards gender equality and increase business results, we’re excited to release our latest resource, The 2020 Blueprint for Gender Diversity in the Workplace, which compiles key takeaways from Galvanize 2019.
Inside, get tips from diversity leaders who share five steps to building more diverse workplaces, including how to:
Take your diversity investment up a level
Build your pipeline of qualified female talent
Engage male allies
Seek buy-in from the top
Rethink the future of work
In Fall 2019, Melinda Gates committed $1 billion to promoting gender equality. “A window of opportunity has opened,” she said. “Even so, there is no reason to believe this moment will last forever—or that this window will stay open as long as we need it to. If we’re going to act, we have to act now.”
Melinda’s commitment will go towards dismantling barriers to women’s professional advancement, putting pressure on organizations in need of workplace reform, and much more.
Speakers at Galvanize 2019 echoed in agreement -- it is possible to accelerate the path toward gender equality, but we must act now and we must take dramatic and decisive action. It is our collective responsibility to support and advance women and under-represented minorities in the workplace -- not just the responsibility of one group or one person. This is a change in mindset that we can work towards immediately.
We hope The 2020 Blueprint for Gender Diversity in the Workplace inspires you to make tangible changes and move one step closer to true equality in your workplace.
Fairygodboss is the largest career community for women. Fairygodboss supports millions of women throughout their careers by providing them with free resources like career connections, job listings, community advice, and the hard-to-find information about how companies treat women.
Fairygodboss works with more than 130 major US companies including Apple, Capital One Financial Corporation, Cognizant, IBM, Intel Corporation, and United Technologies, helping them attract top female talent and enhance their employer brand among women. By partnering with Fairygodboss, employers can increase the number of qualified applicants to their open positions, engage their current workforce and leverage their endorsements, and share their story about why they are a great place for women to work.