why gender diversity matters at work | chronus

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WHY GENDER DIVERSITY MATTERS

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Page 1: Why Gender Diversity Matters at Work | Chronus

WHY GENDER DIVERSITY MATTERS

Page 2: Why Gender Diversity Matters at Work | Chronus

THIS PRESENTATION WILL ANSWER 4 QUESTIONS:

How are

Companies Tackling

this Problem?

Why Does Gender

Diversity Matter?

How Does Gender

Diversity Build the

Talent Pipeline?

How Does

Gender Diversity

Affect the Bottom

Line?

Page 3: Why Gender Diversity Matters at Work | Chronus

Why Does Gender Diversity Matter?

Page 4: Why Gender Diversity Matters at Work | Chronus

WOMEN ARE A LARGE SEGMENT OF THE WORKFORCE…

47% of the

current

workforce, and

growing- US Bureau of Labor

Women make

up 60% of

college

graduates-Stanford

Page 5: Why Gender Diversity Matters at Work | Chronus

and yet…

Page 6: Why Gender Diversity Matters at Work | Chronus

Women get less access

to the people, input,

and opportunities that

accelerate careers.-McKinsey & Company

Page 7: Why Gender Diversity Matters at Work | Chronus

THE HIGHER YOU LOOK IN COMPANIES, THE FEWER WOMEN

Page 8: Why Gender Diversity Matters at Work | Chronus

Women’s participation

dwindles to 19% by the

time they reach the C-

Suite level.

Page 9: Why Gender Diversity Matters at Work | Chronus

Greater gender diversity can produce more

than just equality within companies.

Page 10: Why Gender Diversity Matters at Work | Chronus

RESEARCHERS FROM CARNEGIE MELLON SET OUT TO ANSWER:

What combination of

people makes up the

top-functioning

teams?

Page 11: Why Gender Diversity Matters at Work | Chronus

THE ANSWER:

Once women make up more than

50% of a team, the team’s

collective intelligence rises above

average.

Page 12: Why Gender Diversity Matters at Work | Chronus

THE IMPACT OF GREATER COLLECTIVE INTELLIGENCE

Answer:

Page 13: Why Gender Diversity Matters at Work | Chronus

THIS IS BECAUSE SOCIAL PERCEPTIVENESS DRIVES INNOVATION

Answer:

Page 14: Why Gender Diversity Matters at Work | Chronus

How Does Gender Diversity Build the Talent Pipeline?

Page 15: Why Gender Diversity Matters at Work | Chronus

TODAY’S WORKFORCE IS EXPERIENCING A SHIFT

Baby Boomers retiring

at: 10,000 a day

with 46% in

Supervisor

Roles

Competitive Labor

Markets: 4.7%

Unemployment

Rate

Page 16: Why Gender Diversity Matters at Work | Chronus

The boomer departure is leaving

huge gaps in positions from

management level to the C-Suite

that organizations must fill.

Page 17: Why Gender Diversity Matters at Work | Chronus

COMPANIES THAT DON’T ENGAGE WOMEN ARE VULNERABLE TO:

Employee

disengagement

Hindered

recruitingIncreased

attrition

Page 18: Why Gender Diversity Matters at Work | Chronus

But the talent pipeline isn’t

the only thing improved by

gender diversity…

Page 19: Why Gender Diversity Matters at Work | Chronus

How Does Gender Diversity Affect the Bottom Line?

Page 20: Why Gender Diversity Matters at Work | Chronus

1. GENDER PARITY CAN MAKE COMPANIES MORE PROFITABLE

-McKinsey & Company

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IN FACT…

-McKinsey & Company

Companies with

the most women on the

Board of Directors have

16% higher

return on sales. -Catalyst

Page 22: Why Gender Diversity Matters at Work | Chronus

2. GENDER PARITY HAS BECOME A COMPETITIVE DRIVER IN:

Recruiting

Top Talent

Industry

Performance

Page 23: Why Gender Diversity Matters at Work | Chronus

And top corporations are catching on.

Page 24: Why Gender Diversity Matters at Work | Chronus

How are Companies Tackling the Problem?

Page 25: Why Gender Diversity Matters at Work | Chronus

TOP ORGANIZATIONS PRIORITIZE GENDER DIVERSITY

Tata is a global enterprise comprising over 100

independent companies from the likes of Tata

Motors and Tata Steel to Tata Teleservices.

The organization wanted to:

• Increase the number of women in C-Suite

positions, having 1,000 women leaders by 2020

• Double the number of women employees over the

same period

Page 26: Why Gender Diversity Matters at Work | Chronus

TATA CREATED A HIGH-POTENTIAL MENTORING PROGRAM

The program identified women employees who had

been at the organization for 15 years, and matched

them with CEOs from various Tata subsidiary

companies outside each woman’s industry of

expertise.

As a result, Tata is able to engage women with

leadership executives, so they can grow their

leadership network and gain visibility within the

organization.

Page 27: Why Gender Diversity Matters at Work | Chronus

WOMEN EMPLOYEES REAP THE BENEFITS

On the leadership journey, hand-holding

by an experienced mentor can be a vital

support to help us grow. Through the

cross-company mentoring program, we

provide an opportunity for our women

professionals to fulfil their potential and

move up the ladder.

-N S Rajan, group chief HR officer of Tata

Sons

Page 28: Why Gender Diversity Matters at Work | Chronus

Gender diversity is no longer just

about fairness. It’s better business.

Page 29: Why Gender Diversity Matters at Work | Chronus

So, how can your organization

better enable women to grow in

their careers?

Page 30: Why Gender Diversity Matters at Work | Chronus

See why mentoring and

women make the

perfect match:http://ow.ly/3WQp30f8CR8

Page 31: Why Gender Diversity Matters at Work | Chronus

CHRONUS SLIDE