Professional Documents
Culture Documents
In This Issue
• The current situation • Why the disparity?
• The business case for gender • Promoting gender equality
diversity • Going forward
• The future face of business
Volume 5 | Number 3
2 Volume 5, Number 3
attributes. Yet when women act this way, they can
be viewed as aggressive, abrasive, and uncaring. If a
The business case
woman leader demonstrates more female attributes,
and is collaborative, empathic and nurturing, she’s often
considered lacking in leadership skills. It’s a no-win
for gender diversity
situation.15
A 2007 report
Women are also perceived as being less ambitious than found that
men because of their focus on family responsibilities.
companies
Yet research by Catalyst revealed that there is very
with women
little difference when men and women are aspiring for
leadership roles in a company. in senior roles
are far more
3. Confidence successful than those who do not. They
Recent research has pointed to another factor that have a 10 percent higher Return on Equity,
holds women back – a lack of confidence. A 2003 study a 48 percent higher operating result and an
involving men and women with MBAs found that while
astonishing 70 percent greater stock price
the majority of women saw themselves as equally capable
growth6. Having at least one woman on the
as their colleagues, the majority of men considered
themselves more capable than their counterparts.16 Board of Directors decreases the chance of
bankruptcy by a full 20 percent!7
Promoting Gender Equality
So what can your company do? Many companies are
That’s because diversity at the top allows
undertaking various strategies that include: a company to fully meet the needs of
Volume 5 Number 3 3
• Diversity training. Employees, middle managers, and senior leaders of ABOUTVitality!!
About VITALITY!
both genders should be educated about the business advantages of
Vitality! is a newsletter publication of
gender equality.18 Catalyst found that the higher men’s awareness of
Homewood Health™ and is intended for
gender inequality, and the business need to improve it, the more they
Human Resource and Occupational Health
supported it. Training can also help dispel gender stereotypes and biases.
Professionals, Program Administrators,
• Identifying talent and offering leadership programs. To get more women Supervisors and Key Personnel. The
into the talent pipeline, strategies and action plans that are customized content can be re-used by Homewood
for a company’s culture and business objectives need to be created. Health customers and business partners
Leadership programs could include formal learning sessions, coaching by for the purposes of educating employees.
executives, advisory forums, workshops, and peer networking. 19
No other use is permitted without written
• Providing mentorship and coaching. Strong, successful female leaders can consent from Homewood Health™.
• Embracing career flexibility. Women are more likely to have non-linear COMMENTS
career paths, taking time off for maternity leaves, or choosing jobs that
don’t take them away from home for long periods. Senior management We’d like to know what you think about
needs to be understanding of women’s needs and chosen career paths.21 Vitality!. Send comments and suggestions
to:
• Measuring progress. Reasonable and achievable targets need to be set
and progress needs to be monitored using metrics.22 This allows continual vitality@homewoodhealth.com
improvements to be made throughout the organization and strategies
adapted to meet changing business and employee needs.
Contact Us
Going forward 1.800.663.1142
Over the past few decades, organizations in most sectors have done an
en français
admirable job of embracing cultural diversity and gender equality. Today
1.866.398.9505
this is reflected in the ranks of junior and middle management. However,
the business leadership and boardrooms of Canada are still overwhelming tty
occupied by white males. At a time when consumers – especially younger 1.888.384.1152
consumers – expect greater corporate accountability, a lack of diversity at the
executive level can have a serious impact on a company’s reputation, market international access
share, and future growth. Businesses that continue to ignore gender equality 604.689.1717 (Call collect)
do so at their own peril.
www.homewoodhealth.com
1. Conference Board of Canada. 9. Commonwealth Secretariat: Styles and the Impact Within
The Business Case for Women on Gender Differences in Leadership Corporate Boards. Eagly 2003
Boards. Styles and the Impact Within 17. American Psychological
2. Harvard Business Review Corporate Boards Association
3. Statistics Canada. Portrait of 10. Deloitte Millennial Survey 18. American Psychological
Canada’s Labour Force. National 11. Deloitte Millennial Survey Association
Household Survey 2011. 12. Powell, 1999 19. American Psychological
4. Conference Board of Canada / CBC 13. Commonwealth Secretariat: Association
5. The Conference Board of Canada Gender Differences in Leadership 20. Commonwealth Secretariat:
6. Catalyst Styles and the Impact Within Gender Differences in Leadership
7. Commonwealth Secretariat: Corporate Boards Styles and the Impact Within
Gender Differences in Leadership 14. Commonwealth Secretariat: Corporate Boards
Styles and the Impact Within Gender Differences in Leadership 21. Commonwealth Secretariat:
Corporate Boards Styles and the Impact Within Gender Differences in Leadership
8. Commonwealth Secretariat: Corporate Boards Styles and the Impact Within
Gender Differences in Leadership 15. Harvard Business Review Corporate Boards
Styles and the Impact Within 16. Commonwealth Secretariat: 22. Ernst & Young. Women in
Corporate Boards Gender Differences in Leadership Leadership