In this groundbreaking episode I dive deep into the dynamics of the glass ceiling and the glass floor, specifically focusing on how men in tech can play a pivotal role in fostering inclusive workplaces. With detailed statistics and compelling arguments, I highlight why inclusive cultures are essential for financial growth, innovation, and overall business success.
I unpack the metaphors of the glass ceiling and glass floor, exploring how systemic barriers impact career advancement for underrepresented groups. Through five actionable strategies, I guide men on how to leverage their positions of power to break these barriers, creating a more equitable tech industry.
For all my women in tech, this episode is also for you. It is a gift and call to action ll to stop self-blame and recognize the invisible systems you navigate. Learn what you can do to advocate for yourself and others.
20 stats for why inclusive leadership matters for the business and your career:
1. Higher Financial Performance: Companies with more women in leadership positions are 25% more likely to have above-average profitability. (McKinsey, 2020)
2. Increased Innovation: Diverse companies are 1.7 times more likely to be innovation leaders in their industry. (Josh Bersin Research, 2020)
3. Greater Revenue from Innovation: Firms with inclusive teams are 45% more likely to report improved market share and capture new markets. (Center for Talent Innovation, 2013)
4. Better Decision-Making: Inclusive teams make better business decisions up to 87% of the time. (Cloverpop, 2017)
5. Improved Team Performance: Diverse teams outperform individual decision-makers 66% of the time. (Cloverpop, 2017)
6. Higher Employee Retention: Inclusive workplaces have a 50% lower employee turnover rate than less inclusive companies. (Deloitte, 2017)
7. Higher Return on Equity (ROE): Companies in the top quartile for gender diversity on executive teams were 21% more likely to experience above-average profitability. (McKinsey, 2020)
8. Enhanced Company Reputation: 67% of job seekers consider diversity an important factor when evaluating companies and job offers. (Glassdoor, 2020)
9. Increased Employee Engagement: Companies with higher diversity scores have 2.3 times higher employee engagement levels. (Gartner, 2018)
10. Reduced Turnover Costs: Replacing an employee costs 33% of their annual salary; inclusivity reduces turnover, leading to substantial cost savings. (Work Institute, 2021)
11. Faster Problem Solving: Diverse teams solve problems faster than cognitively similar people. (Harvard Business Review, 2016)
12. Better Customer Understanding: Companies with more diverse management teams have 19% higher revenue due to innovation. (BCG, 2018)
13. Market Performance: Ethnically diverse companies are 36% more likely to outperform competitors in market share. (McKinsey, 2020)
14. Increased Workforce Productivity: Inclusive companies are 1.4 times more likely to outperform less inclusive organizations in terms of productivity. (Deloitte, 2017)
15. Reduced Absenteeism: Inclusive cultures see absenteeism rates drop by 75%. (Deloitte, 2017)
16. Lower Legal Risks: Companies that foster inclusivity face fewer discrimination claims and lower associated costs. (EEOC, 2020)
17. More Competitive Talent Pool: 78% of companies that prioritize diversity attract top talent more easily. (PwC, 2017)
18. Improved Company Sustainability: Firms with more diverse boards of directors are more likely to prioritize sustainability and environmental goals. (Harvard Business Review, 2019)
19. Higher Customer Loyalty: Diverse teams are better equipped to understand and cater to a broader customer base, leading to increased customer loyalty. (Gartner, 2018)
20. Better Performance During Crises: During the COVID-19 pandemic, companies with more women in leadership roles outperformed their peers. (Fortune, 2020)
To submit your question for me to answer on an upcoming episode, send me an email at Nicole@TrickSteinbach.com
You can be a woman in tech and enjoy your career. When you build the skill of bravery, you will stress less, work less, and then earn more. Check out the following resources designed to help you thrive in your career:
What is Build Your Brave Career for Women in Tech?
Women in tech are just stressed out, overworked, overlooked, and underpaid, right? NOPE! Not around here. Around here we build the skill of bravery to stress less, work less, and then earn more as women in tech.
At this point in your career, you're more educated, skilled, and experienced than most of your colleagues, but you are also more stressed, working more, and are pretty sure you’re underpaid. And you are done accepting the status quo. You are ready to get what you’ve already earned and then grow your career even further…without burning out. You don’t know how you’re going to do it (yet!) but you suspect the process will require you to be braver.
Enter the Build Your Brave Career podcast.
Build Your Brave Career is the podcast to help you build the skill of bravery, one episode at a time, so you make the bold moves and big leaps required to craft a career of more impact and income... with less stress and overwork.
Tune in each week for a mix of guest conversations and solo episodes to learn how to build the skill of bravery. We explore the skill of bravery and the role it plays in your career and life including, stressing less, taking decisive action, working less, career growth, relationship building for career success, crafting purpose and fulfillment, salary increases and negotiations, overcoming obstacles, and sharing concrete tips and tricks for career satisfaction.
Your host, Nicole Trick Steinbach is the international bravery coach... but bravery is not something that has ever come naturally to her. Instead, she learned through success and failure how to develop and harness the skill of bravery to create an empowering, lucrative, and global career.
And it worked: Nicole is a former executive in the technology industry without a background in tech, has worked in over 25 countries while running transformational change projects, and is now at home in both the US and Germany.
Today Nicole is a certified and proven one-on-one coach who supports women around the world to build their brave careers, focusing on bespoke approaches for each client to stress, work less, and earn more.
To learn more about how you can build your brave, connect here:
• Website: https://tricksteinbach.com/
• LinkedIn: https://www.linkedin.com/in/nicoletricksteinbach