#atc20214 gender diversity, inspiring change
DESCRIPTION
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/1t3HAzvTRANSCRIPT
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