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Gender Diversity Pays Off

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Women in the Channel presented at CVX Expo 2015 on the benefits of gender diversity in business.

Published in: Business
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Gender Diversity Pays Off

  1. 1. GENDER DIVERSITY PAYS OFF Grow Your Business with Female Leadership
  2. 2. Speakers • Nicole Hayward • SVP, Marketing & Product Management, OnSIP Business VoIP • Michael Oeth • CEO, OnSIP Business VoIP • Nancy Ridge • Vice President, Telecom Brokers and • President & Co-Founder, Women in the Channel • Moderator: Peter Radizeski, RAD-INFO INC.
  3. 3. More than “the right thing to do”…Big Financial Payoff’s • DDI Global Study: “Companies in the bottom 20 percent of financial performance had only 19 percent women in leadership positions; companies in the top 20 percent have 37 percent female leadership.” [1] • McKinsey&Company: “Between 2008 and 2010, companies with more diverse top teams were also top financial performers. That’s probably no coincidence.” [2] • Leaders like Richard Branson of Virgin, John Veihmeyer of KPMG and our own Mike Oeth agree…diversity creates a strategic advantage.
  4. 4. Why does gender diversity pay off? • “Men and women share the same four most frequently named top five strengths: Responsibility, Learner, Achiever, and Relator. • Strength: Relationship-building: “On an aggregate basis, men more often have Strategic and women are more likely to have Empathy in their top five.” • Strength: Team-Playing: “Another intriguing strength statistic is that men tend to lead with Achiever while women tend to lead with Responsibility. • Strength: Healthy Outlook: “…we find that women are four percentage points more likely than men to be thriving in well-being, and that's significantly higher.” Gallup Data [3]
  5. 5. How can businesses leverage women’s strengths to accelerate collaboration and relationship-building? When asked what training and development skills were needed to help women move into leadership roles the responses were: • 57% - Leadership Training • 56% - Confidence Building • 48% - Decision Making • 47% - Networking • 46% - Critical Thinking
  6. 6. How do you create a culture where women can thrive? Confidence Building “Hard” and “soft” incentives Flexibility Role models Leadership Training with a Female Focus Support Professional Womens’ Groups
  7. 7. How Does WiC Facilitate Business-Growth Through Support of Female Leadership? • Meet role models • Learn to identify areas to grow • Practice skills in a “safe” place • Lead a Conference Call • Blog • Give Live Presentations • Expand Marketing Skills • Mentor • Lead a Committee • Become a Board Member • Be Recognized (LIPSTICK Award) • Join WiC Today • www.womeninthechannel.com
  8. 8. Sources • [1] http://www.ddiworld.com/resources/library/trend-research/global-leadership-forecast-2014 • [2] http://www.mckinsey.com/insights/organization/is_there_a_payoff_from_top-team_diversity • [3] http://www.gallup.com/opinion/gallup/178574/women-workplace-life-lived.aspx

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