|Home||The Action||Countries||Products||Monthly Highlight||Contacts|
Some questions for reflecting ... every month!
Find ideas and suggestion in the "Toolkit for SME Advisors and Human Resource Managers"!
“Reason 6. Gender equality correlates with profitability
The Swedish Business Development Agency NUTEK has found a correlation between equality and profitability. The promotion of women is also an important step in obtaining the right leadership team, as an increasing number of studies point to a correlation between greater gender equality in top management and profits.
A Finnish study showed that a firm with a female CEO is on average slightly more profitable than a similar company with a male CEO. A separate study of the 100 largest companies on the London Stock Exchange found that 18 of the 20 companies with the highest market capitalisation (2003) had at least one woman director.
These results do not mean that there is a causal relationship between female leadership and profitability but they do help clarify that leadership is not necessarily a male prerogative.
Other research indicates linkages between gender balance in management teams and innovation capacity. And the performance grows where there is a “critical mass” of women on board.
Taking female employees into account will help organizations understand and respond to the upcoming changes in the way we work: from the evolving expectations and roles of men, to the flexibility and adaptation needed by an ageing workforce and required by a generation now entering the workforce.”