Category: Industry Insights

Advancing Boards - Global Board Survey 2017 results: How Boards advance – and companies with them - Download

Advancing Boards – Global Board Survey 2017 results: How Boards advance – and companies with them

InterSearch – Worldwide Organization of Executive Search Firms and Board Network – The Danish Professional Directors Association have together performed this Global Board Survey 2017 in January and February 2017 among 1.017 corporate chairmen/women and board members from 52 countries on all populated continents. Respondents represent every imaginable industry, all sizes of companies up to turnovers of more than USD 20 Billion per year, and all kinds of ownership structures.

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How Your Company Can Improve Diversity in 2017

How Your Company Can Improve Diversity in 2017

How Your Company Can Improve Diversity in 2017

Addressing diversity and gender parity is top of mind for business leaders and organizations across Canada and around the world, and it makes sound business sense. Statistics show that organizations with a diverse workforce perform better, are on the cutting-edge of new technologies and ideas, maintain an engaging organizational culture and in return see a positive impact on their bottom line.

 

Why Does Diversity Matter? It Drives Performance

Research by McKinsey, in a report titled Diversity Matters, finds that more diverse companies experience financial gains.

Our latest research finds that companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians. Companies in the bottom quartile in these dimensions are statistically less likely to achieve above-average returns. And diversity is probably a competitive differentiator that shifts market share toward more diverse companies over time,” says Vivian Hunt.

The report found:

  • Ethnically diverse companies are 35% more likely to outperform
  • Gender diverse companies are 15% more likely to outperform
  • While certain industries perform better on gender diversity and other industries on ethnic and racial diversity, no industry or company is in the top quartile on both dimensions

Diversity and Gender: Women Continue to Be Underrepresented

Only 41% of the global workforce are women, and even though there has been an increased effort to improve diversity, research by Mercer, When Women Thrive, Businesses Thrive, finds that we are actually working backwards and the economic gender gap will not close for another 170 years – 52 years longer than originally projected.

“We see increased focus on hiring and promotion of women into executive ranks, but these hires appear to be ad hoc and not supported by systemic practices. Even when we examine additional opportunities to close gaps in hiring, promotion and retention that disadvantage women, the forecast still falls short of parity,” says the report.

Key findings include:

  • Only 38% of organizations says that male employees are engaged in gender diversity efforts
  • Just 28% of organizations say women are as represented in P&L roles as in functional roles
  • Only 29% of organizations routinely review performance ratings by gender to check for disparities
  • Only 35% of organizations have a pay equity analysis built on a robust statistical approach – 34% have a formalized remediation process to address identified inequities

Even with all the effort to improve gender diversity, there are still a number of glaring issues:

  • A global female labor force participation rate of 54%, compared with 81% for men
  • A significant gap in pay between women and men
  • A persistently small number of women in senior positions

How to Improve Diversity in Your Organization

“Vowing to make a company more inclusive and diverse requires understanding what many underrepresented people face in the workforce and coupling that with why organizations should be more proactive in recruiting them. This conversation is anything but new, yet most industries are making scant gains. The only way to overcome that is to analyze what the underlying problem is. Following that, they can formulate a strategy to build better, stronger, and more successful teams. It’s as easy as that,” says Cale Guthrie Weissman on Fastcompany.com.

Here are some things that you can do to take steps in the right direction:

  • Acknowledge that you have a diversity issue: Stop playing the blame game and take an internal look at your organization’s hiring, promotion, and HR practices.
  • Examine the state of your organization: Who holds leadership positions? How diverse is your organization currently? What trends exist?
  • Assess your recruitment and talent sourcing practices: Where do you look for talent?  Where else could you be looking for talent? What new approach to recruiting could you implement to attract a more diverse talent pool?
  • Understand that diversity means more than meeting a quota: Having a diverse organization is not just for appearance. If you hire to simply fill a quota, you could actually be doing a disservice to your organization by impacting performance and culture.

 

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Original Source : Canada – Four Corners Group Inc.

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Mindcor and SABPP Women in the Workplace Breakfast 2016

 

Mindcor and SABPP Women in the Workplace Breakfast 2016

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In honour of Women’s Month, Mindcor and the SABPP were proud to host our Women in the Workplace breakfast 2016. This event saw HR Directors across multiple industries pool together for the opportunity to network and engage with like-minded professionals. A special talk about the experiences of being a woman in the workplace by our featured guest speaker, Monica Singer, filled the room with amazement and laughter. Not only did this make for an entertaining morning, the wise words that Ms Singer shared left our guests inspired by a refreshed sense of bravado for their lives and careers and reminded us of the unwavering capabilities that women in the workplace truly possess.

20160812_082547About the speaker
Monica Singer CA(SA) has successfully held the position of CEO of Strate since 1998, with an expressed passion, excitement, and commitment to the financial markets. Ms Singer also serves as the Vice President of African Middle East Depositories Association and Chairperson at MaAfrica Tikkun Endowment Trust. Among her many accolades, Monica Singer has been named as one of South Africa’s Most Influential Woman in Business by CEO Magazine. Beyond bosting a successful career, Monica Singer dedicates her time to the mentoring and coaching of others, leaving them renewed sense of inspiration and drive for their careers.

 

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Original Source : South Africa – Mindcor (Pty) Ltd.

working women

Women make better business leaders than men, finds new report

working women

Emotional self-awareness and empathy are among the areas where women outperform their male counterparts

Women more frequently possess the emotional and social capabilities that result in effective leadership and management than men, a new report has found.Females out-perform men in 11 of 12 key emotional intelligence competencies when it comes to leading others in the workplace, according to a new in-depth study by Korn Ferry Hay Group.
The survey analysed data from 55,000 professionals across 90 countries and all levels of management, collected between 2011-2015, using the Emotional and Social Competency Inventory (ESCI), developed and co-owned by Richard E. Boyatzis, Daniel Goleman and Hay Group.
“The data suggests a strong need for more women in the workforce to take on leadership roles,” says Goleman, co-director of the Consortium for Research on Emotional Intelligence in Organisations at Rutgers University. “When you factor in the correlation between high emotional intelligence and those leaders who deliver better business results, there is a strong case for gender equity. Organisations must find ways to identify women who score highly on these competencies and empower them.”
Read More here http://bit.ly/1WpjQCy

 

Original Source : United Arab Emirates – InterSearch Middle East FZ-LLC

Results of Global Board Survey 2015 – Boards in a Disruptive Age

“Boards in a Disruptive Age” Global Survey Highlights Increasing Pressures on Boards and Board Directors

“Boards in a Disruptive Age” Global Survey Highlights Increasing Pressures on Boards and Board Directors InterSearch Worldwide, a leading global executive search organization operating in more than 50 countries, has announced the results of a joint survey with Board Network – The Danish Professional Directors Association: “Global Board Survey 2015 – Boards in a Disruptive Age.”

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