Women Leaders and Organizational Health
McKinsey’s Centered Leadership research found that many women in leadership positions are beneficial to have for the challenges that organizations face today.
- There is a positive 26% difference in return on invested capital (ROIC) between top-quartile companies (with 19-44% women board representation) and bottom quartile companies (with zero woman directors).
- Intellectual stimulation, inspiration, participatory decision-making and setting expectations/rewards are 4 attributes found among female leaders more than male leaders.
- The McKinsey Organizational Health Index (OHI) measures nine factors to compare the top positions in companies by gender. The measures range from external orientation to coordination and control to determine organizational health. Companies that score highly on all nine metrics of organizational health have also shown superior financial performance.
- Who wins? WOMEN.
WHAT HOLDS WOMEN BACK?
Women are held back by embedded mindsets institutionally and personally. Some organizations do not promote gender diversity or just do not believe that females have the skills and/or strong personality in comparison to male counterparts, especially in leadership positions.
BENEFITS OF FEMALE LEADERSHIP
- Sustaining gender diversity and creating shifts in mindsets
- Strong capabilities to achieve profits and better performance
- Influence and inspiration for other females aspiring to be in higher positions
- Potentially high economic growth
- Higher productivity
Sr. Recruiter at McKinsey & Company
TECHNOLOGY WOMEN AND DIVERSITY
Meghan Snyder identifies, engages, and cultivates women in technology who are seeking meaningful, challenging careers in analytics, design, digital, and software engineering.
She has innovated a way to establish a global women’s network through the company’s website by creating a Careers page for women. Also, she has women-specific learning programs for development, research, and advocacy for female representation in the workforce.
McKinsey & Company believes in diversity and female leadership as shown on their website.
{1} Barsh, J. & Lee, Y. (2011). Unlocking the full potential of women in the US economy. McKinsey & Company. Retrieved from: https://www.mckinsey.com/business-functions/organization/our-insights/unlocking-the-full-potential-of-women
{2} Retrieved from: https://www.mckinsey.com/careers/meet-our-people/women-at-mckinsey.
Women in Technology and Leadership 