In honor of Women-Owned Business Month and the fifth annual “Women in the Workplace” study, a report released by Lean In and McKinsey & Company, we’ve collected some stories for you this week all about women thriving in the workplace—and how to help them thrive and be recognized. From challenging gender bias in hiring and promotions, to women supporting one another, to tips for women entrepreneurs, the articles below and the full “Women in the Workplace” study have you covered.
Three Ways to Support Women at Your Workplace, from Forbes—“We cannot change what we are not aware of. Talking about challenges can transform minds, and this can be achieved through active campaigning. Organizational policies need to reflect gender parity, too. From recruitment to talent management, appraisal to compensation, management needs to revisit all policies and systems for their organization to check for overt and covert bias. Staff members need training on conscious and unconscious bias, and every decision needs to be informed by a structured due diligence process.”
Women Entrepreneurs Share Their Top Tips and Strategies for Running Their Companies, and How to Be a Successful Leader, from Business Insider—“October is National Women-Owned Business Month, in recognition of the 12.3 million women-owned businesses across the US. Business Insider profiled several female entrepreneurs, interviewed numerous experts, and reviewed key research findings that illuminate the opportunities and challenges facing women in business.”
Strength in Numbers: How Women From Twitter, Facebook, and Uber Are Teaming Up to Fund Silicon Valley’s Future, from Fortune—“There’s a reason these groups are taking shape among former colleagues. Investors from all three networks mention the trust developed from their time in the trenches together—and a level of comfort discussing money that comes from working side by side in a business context. ‘The network of people who have been through hypergrowth together—it creates bonds for life,’ says Frédérique Dame, a former product and engineering manager at Uber who’s now a partner at GV. ‘We all speak the same language.’”
10 Ways Men Can Help Close the Gender Gap for Female Coworkers, from Fast Company—“While most men aren’t opposed to women’s advancement in the workplace, they often don’t know how to support their advancement either, especially if the men are not direct people managers. While many men claim lack of authority to ‘change the system,’ nothing could be further from the truth. A key accelerator in the path toward gender equity is helping men shift intentionally from gender ‘allies’ to gender ‘advocates.’”
How Women With Businesses That Have Social Impact Can Raise More Venture Capital, from Inc.—“If you’re a female entrepreneur in the social change space, you’re effectively offering impact investors ‘two for the price of one’ — gender diversity and the opportunity to fund solutions to pressing social problems. There’s no ROI penalty attached to doing well by doing good. One BCG study found that companies founded or co-founded by women earned 10 percent higher revenues than male-led firms. And, according to the Global Impact Investing Network, 91 percent of investors in the social impact space say their returns have met or exceeded their expectations.”
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