100 more women on boards in the last 12 months. A great start, but not enough……
This week saw the announcement that 100 more women are now on the boards of big UK companies. More To Life Than Shoes member Tara looks at how companies can do more to keep their female staff on board.
In the Guardian this week the Professional Boards Forum announced that 100 more women were now on the boards of the UK’s biggest organisations. So companies have been making a concerted effort to address some of the issues that were highlighted by the Davis report last year and have been appointing women as non-executive directors. This will make a difference in the board room, but we still have a long way to go to get the numbers that were recommended by the Davies Report and I am afraid that this will not address the more long term issue of more women being promoted through their own organisation to senior executive positions. We are still losing too many young women because there are so many choices for them, such as going to a smaller company that may be more female-friendly or setting up their own businesses.
Whilst I applaud those women who are now NEDs, we still have a shortage of women in senior positions within these companies and something has to be done to make them want to stay and make a difference within a company which may well have invested thousands of pounds in their development. This is a complex issue and there will not be a one-size fits all solution, but More to Life Than Shoes believes it has part of the solution - to work with companies to find out what needs to change in their organisation, to make sure that their talented women decide to stay and make it to the top.
More To Life Than Shoes has been supporting and helping women in cities around the UK to get motivated, inspired and get what they want in life, whether that be a new job, to start a new business or to write a book.
It’s a simple idea, women meeting every month to share ideas and support each other, committing to taking action and then sharing success. It’s essentially networking and mentoring all rolled into one, but done a very female way.
We believe this idea can be taken into your business and used as a structure to help your talented women feel supported and encouraged to be at their best, develop and ultimately get promoted. It also can be used as a forum to understand what needs to change in that organisation to ensure that more want to stay and are not tempted away.
In recessionary times, when reducing your recruitment costs is so important, it makes sound financial sense to stem the flow of women leaving. Our internal programme is a cost effective way of stopping the attrition and building the capability and confidence of your female employees.
If you would like to know more about how we can deliver your own women’s networking programme, delivered by professional coaches in your business, then please call Tara on 07816 908 662 or Jo on 07786 685849.