Want to boost your company’s profitability? Start by putting more women in leadership.
While we’d happily take credit for this advice, we can’t. Research consistently shows that companies with women in leadership roles are more profitable than those with few women in key roles.
The Secret to Stronger Business Performance? More Women at the Top
This recent article from Harvard Professional Development shows that companies with the highest proportion of women on executive committees earned a 47% higher return on equity than those with no women executives. Additionally, companies in the top 25% for gender diversity were 27% more likely to outperform their national industry average when it came to profitability.
By ignoring this data, you might find your organization falling behind competitors. Businesses that prioritize developing women leaders not only foster a more inclusive culture but also lead to better financial and strategic outcomes.
The Competitive Advantage of Women in Leadership Roles
Many industries, particularly male-dominated ones like IT, engineering, logistics, and sports media and franchises stand to benefit the most from increased female leadership.
According to the U.S. Bureau of Labor Statistics, these industries continue to lag in gender diversity. Additionally, they report that for every two women employed in sports, there are on average slightly more than seven men. At the time of this writing, gender parity in sports employment is no closer than it was 20 years ago.
These stats point to a clear argument that organizations could be missing out on the innovation and improved decision-making that diverse leadership teams bring. Organizations that address this gap stand to gain a competitive advantage.
Building a Pipeline of Women Leaders: Where to Start
At Proteus, we’re aware that like most initiatives, change doesn’t happen overnight but instead, with consistent and intentional action. The Association of Women in Science recommends a few strategies to boost women’s leadership representation:
- Commitment from Leadership: While it might seem obvious, it’s important that executives actively prioritize and track progress on women’s leadership development.
- Develop from Within: When you make specific efforts to develop and implement strong career development programs tailored for women, you’ll help fill a pipeline of talented future female leaders.
By committing to these and other similar strategies, your company can create more equitable opportunities for women and as a result, stronger organizational success.
Our Approach: Developing Women Leaders for Lasting Impact
At Proteus International, we specialize in partnering with organizations to develop customized leadership training programs that:
- Improve business results through strategic leadership coaching
- Enhance gender diversity and inclusion efforts
- Provide organizations with a competitive edge by strengthening leadership at all levels
Our own diverse team mirrors the impact of these programs, with Proteus’ women leaders driving measurable improvements for our clients.
From Experience: Why Investing in Women Leaders Works
As a former IT leader and current Proteus facilitator, I have witnessed firsthand the transformative impact our programs have on participants. The opportunity for women to network with peers, share experiences, and apply their learning in real time is invaluable. These interactions often lead to immediate and significant improvements at the individual, team, and organizational levels.
Your company’s future success could depend on the leaders you develop today. Let’s make it happen! Contact us and let’s get the conversation started.
Learn more about our leadership training programs and how Proteus International can help your organization thrive.
