Friday, June 10, 2016

Why Women From Apple, Facebook, And Tesla Are Joining This Silicon Valley Incubator - FASTCOMPANY

by Lydia Dishman
Originally published: June 9, 2016

The case for having more female representation in the workplace—particularly at the executive level—is strong.

An even gender split at one company contributed to a 41% increase in revenue. Research from Catalyst demonstrates that companies with higher female representation in top management outperform those that don’t by delivering 34% greater returns to shareholders. Another report revealed women-led companies perform three times better than the S&P 500.

We also know that both men and women share the same skills that drive business. Yet the recent McKinsey/ study found that from entry level to manager and from SVP to executive rank, women are less likely to advance. The greatest disparity occurs between the move from manager to director: There is a 79% chance that women managers will reach director level, compared to 100% chance for men in the study.