Gender diversity is a business imperative. It's not a nice-to-have - CEO

Businesswoman and investor Donna Rachelson says that mindset change is as important as structural change if corporate South Africa wishes to achieve gender parity.

If companies continue to hire and promote women at current rates, the number of women in management will increase by just 1% over the next 10 years.

This is according to a recent study published by McKinsey in the USA.

However, if companies start hiring and promoting women and men to manage at equal rates over the next 10 years, parity in management will be more equitable with 48% women and 52% men in top jobs.

Rachelson is the CEO - Branding & Marketing YOU and the author of the book Play to Win: What Women can Learn from Men in Business.

She says aside from the inadequate recruitment and promotion of women in South Africa, she says businesses need to deal with more subtle factors such as unconscious bias, microaggressions and company culture.

Rachelson cites another McKinsey report that found that companies with at least 30% of women representation in senior management showed an increase of 15% in profitability.

She advises that men have an important role to play in creating inclusive cultures in the workplace.

Companies that have more women executive on their board or in senior positions are more profitable.

Donna Rachelson, CEO - Branding & Marketing YOU

Gender diversity is a business imperative. It's not a nice-to-have.

Donna Rachelson, CEO - Branding & Marketing YOU

Research tells us that in South Africa, for every 8 months that a male works, a female in the exact same position has to work the equivalent of a year.

Donna Rachelson, CEO - Branding & Marketing YOU

Listen to the discussion on the World of Work feature:


This article first appeared on CapeTalk : Gender diversity is a business imperative. It's not a nice-to-have - CEO


Recommended

by NEWSROOM AI
Read More
[WATCH] There will be no place for violence in EFF government - Julius Malema

[WATCH] There will be no place for violence in EFF government - Julius Malema

Leader explains some of the party's election manifesto promises on the Eusebius McKaiser show.

'We wanted Patricia de Lille to go, Patricia de Lille went'

'We wanted Patricia de Lille to go, Patricia de Lille went'

DA's Mike Moriarty says this matter is about whether the IEC has powers to make judgements about the former mayor.

Business doesn't buy into transformation says Business Leadership SA

Business doesn't buy into transformation says Business Leadership SA

Eusebius McKaiser discusses how the country can achieve greater levels of justice and equality within the South African economy. 

Expert tips on how to prepare for a job interview

Expert tips on how to prepare for a job interview

Recruitment guru Zanele Luvuno offers advice on how to deal with curveball questions during an interview, how to dress, and more.

How AI could change the game for recruiters (and job-seekers)

How AI could change the game for recruiters (and job-seekers)

Recruitment specialist Zanele Luvuno describes how artificial intelligence has change business practices at her talent firm.

Employment Equity report reveals slow movement in transformation - commission

Employment Equity report reveals slow movement in transformation - commission

Employment Equity Commission released its 18th Annual Report and the public register to Minister of Labour Mildred Oliphant.

Popular articles
Transnet staffers involved in alleged corruption worth billions

Transnet staffers involved in alleged corruption worth billions

AmaBhungane senior investigative journalist Susan Comrie provides insights into a City Press exposé over the weekend.

Cape Town train fire CCTV footage leads to arrest

Cape Town train fire CCTV footage leads to arrest

Regional head of Metrorail Richard Walker discusses the Sunday train carriage fires and the arrest of one suspect.

[LISTEN] Naledi Pandor: I didn't want to be treated differently from any student

[LISTEN] Naledi Pandor: I didn't want to be treated differently from any student

Minister of Higher Education recently received her Ph.D. from the University of Pretoria.

You’re almost certainly – no matter what you believe - crap at investing

You’re almost certainly – no matter what you believe - crap at investing

Data shows that almost everyone sucks at investing, says Warren Ingram. Here's how to avoid shooting yourself in the foot.

New Ipsos poll shows ANC winning 2019 election, rates Ramaphosa a vote puller

New Ipsos poll shows ANC winning 2019 election, rates Ramaphosa a vote puller

Senior client officer at Ipsos, Mari Harris says President Cyril Ramaphosa's trust index is higher than other leaders.

New political party want all foreigners out of SA by year end

New political party want all foreigners out of SA by year end

The African Basic Movement says foreign nationals are responsible for high crime rate and unemployment in South Africa.