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
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If you are an established woman in tech who is creating results and making an impact at work so your workload and stress just keep growing but promotions and salary bumps remain a distant dream, it is time for change.
Listen, we all know the tech industry has dramatically changed. It’s time your career approach did too.
You don’t need cookie-cutter programs or dusty advice from outdated playbooks, because what works for tech bros, won’t work for you. You need individualized, bespoke support to build your brave career. One that reflects who you are as a woman in tech.
I invite you to explore career coaching with me. Get all the details, including prices and client results, at TrickSteinbach.com.
You can stress less, work less, and earn more. You’ve already earned it. Let’s make it happen.