#atc20214 gender diversity, inspiring change

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Building on this years’ International Women’s Day theme of Inspiring Change, Kelly Quirk, Chief Executive Officer, Harrier Human Capital, presented on gender diversity across the global and Australian landscapes, focusing on the need for change and the need for positive, progressive strategies to engage, recruit and retain women in leadership and business. You can see a graphic facilitation of this session on pinterest here Photos from the conference can be found here http://bit.ly/Vki36a http://bit.ly/1t3HAzv

TRANSCRIPT

Gender Diversity, Inspiring Change

Presented by Kelly Quirk & Rabia Siddique

GENDER DIVERSITY TODAYGENDER DIVERSITY TODAY

1 BILLIONWOMEN are anticipated to enter the WORKFORCE

In the next 10 YEARS

552 MILLION WOMEN joined the

GLOBAL WORKFORCE

1980-2008

40%40%of global workforce are

WOMEN

5%of Fortune 500

CEOs are

WOMEN

5%FORTUNE

500

WOMEN IN 2014

60%

Globally 60% OF ALL DEGREES conferred are TO WOMEN

TWO THIRDS of the world’s 880 MILLION illiterate adults are WOMEN

Girls make up more than

70% of the 125 MILLION CHILDREN who don’t have access to schooling

Of all 34 OECD countries, Australia has the HIGHEST ATTAINMENT rate for women in TERTIARY EDUCATION.

Despite this, Australia has the SECOND LOWEST participation of WOMEN IN SENIOR LEADERSHIP roles in the workforce, behind only Japan.

SOUTH AFRICA4 MINUTES...THAT’S HOW OFTEN A WOMAN IS RAPED IN THIS COUNTRY.

Shockingly women are 3 TIMES

more likely to be raped than get

an education.

82%of female employees surveyed consider diversity, equality and workforce inclusion MORE IMPORTANT than financial remuneration

53% of women believe

employers rarely MEET EXPECTATIONS

in terms of DIVERSITY

Companies TALK THE TALK but Executive Leaders rarely WALK THE WALK

AUSTRALIA… Women are on average paid 17% LESS than men

The average gender pay gap between full time employees is

32%Financial Services

30%Healthcare

26%Professional Services

21%Resource and Mining

AMERICAARIZONA STATE IS SEEKING TO

DENY FEMALE EMPLOYEES THE RIGHT TO

BIRTH CONTROL via their corporate

health insurance policy for ethical reasons

A study of Fortune 500 businesses showed...

1% INCREASE in GENDER DIVERSITY

resulted in a

3% INCREASE in SALES REVENUE

47% higher RETURN ON EQUITY &

55% increase in EBIT

Fortune 500 companies with FEMALE executive committee representation in the top quartile achieved

47% higher RETURN ON EQUITY &

55% increase in EBIT

3% of ASX200 chairs &

2% of CEOs are female

15.8% of ASX 200 board positions were held by women

25% of companies do not have a woman on their board

including 68% of new cars

& 51% of consumer electronics

to name just a few…

66% of computers

Women in Australia make

83% of all consumer purchases and control $20 trillion dollars globally of consumer spend

Kelly Quirk Chief Executive Officer Harrier Human Capital

International Women's Day - Inspiring Change

“What I am absolutely confident of is it will be easier for the next female leader and the woman after that and the woman after that. And for that I'm proud.”

Julia Gillard 27th Prime Minister of Australia

Rabia Siddique Criminal & Human Rights Lawyer West Australian Police

“Be the change that you want in this world”

Mahatma Gandhi

Gender Diversity Inhibitors to progress

Inhibitors to progress •  Prevailing leadership style

within executive and middle management teams

•  Corporate culture •  Diversity in leadership

behaviours & communication

•  Lack of awareness by executive leaders of barriers to success

•  Unconscious bias

Source: McKinsey Analysis (2003). Transformational, Transactional and Laissez-Faire Leadership Styles

Inhibitors to progress •  Anywhere, anytime performance model •  Self confidence and belief •  Sufficient time for change and transformation agenda •  Poor implementation and long-term sustainability of

diversity strategy •  No glass ceiling but a leaky pipeline…

The leaky pipeline, stage by stage

Source: McKinsey (2012).Woman Matter: Making the breakthrough

Gender Diversity Strategies for success

Strategies for Success

•  Shareholders •  Target v quotas •  CEO commitment to

inclusion culture •  Corporate culture •  Role models •  Collective enablers •  Flexible working •  Regular communications •  Entry level hiring

Corporate Ecosystem

The Business Case

Performance Benefits Enhanced & broader leadership

style and skills

Access to wider talent pool

Improved staff retention

Increased efficiency & productivity

Strategic Benefits

More appropriate reflection of consumer decision maker

Heightened community engagement

Business sustainability

A signal of a better company

VALU

E TO

CU

STO

MER

S

TIME

Financial Benefits Increased return on equity

Increases EBIT

Lower negative gearing

Improved corporate governance

Reduced risk profile

“The leadership quality we are all born with in life is a back bone, it’s only through humility that we develop the wish and funny bone to complement it”

Oscar Wilde

?

Thank you

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