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“Helping Women Get to the Top”
10 points from the July 23, 2005 article in The Economist
- The ratio of men to women is 10 to 1 in the executive suite - little has changed in the last 2 decades.
- Firms are starting to take a new look at data that suggests profitability is higher for companies that have a more diverse executive team.
- IBM is one of the companies that has performed a rapid turn-around partly because they blame their lack of diversity with a failure to spot dramatic changes in the computer market during the early '90s.
- Many firms, it appears, are still intolerant of the absences women often take off for their families.
- A study of American graduate managers found that women who returned to work after 3 years off lost an average of 37% of their earning power.
- Companies should focus on the point of re-entry with potential re-training programs and part-time options.
- Women too have to take up some of the burden by staying in touch with their former employer and adopting realistic expectations for how they can return.
- Technology advances should support the ability for women to adopt more flexible schedules without the social pressure or need to be at the physical office until 6 pm.
- Flexible programs need to be provided to men who bare the burden of primary care at home.
- Men at the top need to learn that women are not just men in skirts - recognition of the different challenges will remove some of the historical barriers.
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