Career Women in the Workplace
Career women are beginning to break the glass ceiling in many sectors, but there is still much progress to be made. While almost three-quarters of women in the UK work outside the home (1), women are under-represented in managerial positions: women only make up 32% of managers and senior officials (2) and just over 10% of representation on corporate Boards (3).
How do you currently support the career progression of female employees?
Bottom Line Benefits of Women in Senior Positions
However, more and more research indicates that the number of senior women in an organisation has a positive impact on the bottom line. An American think tank study by Catalyst ranked Fortune 500 companies according to the proportion of women on their boards: the top 25% turned in 53% high return on equity than the bottom 25% (4). A 2008 McKinsey report on 89 European companies came to similar conclusions (5).
Coaching has been proven to help women grow confidence, cope with a new role, identify their career goals and help balance both professional and personal demands on their time (6).
What do you offer new recruits that shows you are committed to career development?
Coaching and the Professional Female
Whether the economy is good or bad, organisations need to retain their staff and keep them engaged. Star employees don’t leave organisations for money; they leave because no one is concerned about their learning and growth. Coaching demonstrates concern in a purposeful way, while meeting specific business challenges. It can develop and retain current employees while growing future leaders.
Our coaching focuses on career development through addressing issues such as leadership, confidence and time-management. Individual coaching and group coaching are powerful methods for addressing skill shortages in the workplace, by helping women meet the unique challenges and responsibilities they face, which can help them grow into more senior in-house positions.
1. Labour Force Study, Office of National Statistics
2. Annual Survey of Hours and Earnings, Office of National Statistics
3. European Professional Women’s Network Board Women Monitor 2006
4. The Bottom Line: Corporate Performance and Women’s Representation on Boards” 2007
5. The Business Case for Women, McKinsey Quarterly, 2008
6. Encouraging Women into Senior Management Positions: How Coaching Can Help, Institute for Employment Studies, 2009