The Impact on Business of the Gender Gap

Despite gains in the workplace the number of women at senior levels in companies is still low. In a recent Mckinsey article (www.mckinseyquarterly.com) research was cited that in Europe and the US those companies that had more senior level women tended to perform better financially. Another benefit to hiring and retaining women at all levels is to grow a company’s talent pool at a time when many industries are experiencing shortages of critical knowledge and skills.

The report also notes that coaching and mentoring programmes help female executives succeed by giving them the confidence and support to seek out new positions more aggressively.