Gender-diverse workplaces can significantly grow the global economy. It goes beyond equal opportunities as gender parity is a question of competitive advantage and economic sense. The difference in thoughts, ideas, outlook, and background can give room to disruptive innovations. Here are three ways to get women into the boardroom.
1. Change the organisational mindset
Executives need more purpose and intention, and fewer excuses not to push the agenda of gender parity in the boardroom. Goal-setting is particularly crucial as a mechanism for supporting planning and decision-making. Establishing a target number of board positions specifically for women is an excellent way of getting the less represented gender on board. You can also opt to ensure that the list of candidates is diverse from the very beginning. Regardless of the approach, the hiring process should not disregard merit.
2. Expand the selection criteria
Some companies have blamed the lack of diversity in boardrooms to the small pool of female executives. You can overcome this problem by opening up to creative solutions. For instance, organisations can go beyond the standard practice of excessively basing their search on prior board experience. Be willing to take a chance on people with a potential of being great women in business. The benefits of having a rich and balanced perspective in the decision-making table can be rewarding to the small or medium enterprises. The trick is to define what is flexible and what is non-negotiable in deciding on gender-diversity goals to meet specific challenges. For instance, finance and digital expertise cannot be compromised.
3. Leaders should walk the talk
Leaders should lead by example and cement the gender diversity culture throughout the organisation. They should hold themselves and their subordinates accountable to build an inclusive and supportive environment for better economic performance. Whatever differences exist among employees can be converted into opportunities for innovation and business growth.
Propeller Advisory believes in the power of gender diversity and equal representation of both genders in the boardroom. For that reason, we support women in business. We can help entrepreneurs grow into exemplary leaders, develop a business strategy through virtual CFO services, and also help you file business tax returns. Call us today for long-term, viable solutions for your growing business.