Are Investors the key to increasing the number of women leaders?

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Elegant leaderThere are many ways to create change and arguably one of the most effective ways to get people on board with any concept, including gender equality, is to show them that doing the right thing can also be the most profitable path also.

For nine years theglasshammer has reported on the stagnant numbers of women on boards and in senior management. Yet there is an ever growing body of research the latest of which comes from McKinsey in January 2015 that shows that companies which commit to diverse leadership are more likely to have financial returns as much as 35 percent above their national industry median.

So, why is there still a disconnect? What can give companies the carrot or the stick that they need to do better beyond fluffy aspirational goals and lip service when it comes to promoting women?

One group that can help create change are investors. State Street’s newly launched ETF index fund – the SSGA SPDR SHE Gender Diversity ETF as well as the Sallie Krawcheck endorsed fund – the PAX Ellevate Fund allows for options when as an investor you want to see companies hire and promote women into senior leadership.

So what has changed?

Simply put, there are three things that are changing the game:

Firstly, data for who is on boards and in senior management team has only been relatively newly available. BoardEX and MSCI have dedicated teams to produce independent data on the gender breakdown of large companies’ executive teams.

Secondly, the continued bifurcation of the market is providing more choice for investors. ETFs and other passively managed and more commoditized products are in direct conjunction with more actively managed fund approaches and is certainly driving down costs and increasing transparency.

Thirdly, investors want to live their values and are more aware of what their values are

We aren’t just talking about a handful of aware women putting a few dollars into their pension plan. The California State Teachers’ Retirement System (CalSTRS) announced its initial investment of $250 million in the SSGA Gender Diversity Index, a large- cap U.S. stock index primarily tilted toward companies with a greater than usual number of women in senior leadership positions.

CalSTRS Chief Investment Officer Christopher J. Ailman. “We are entering a new era of impact investing — one based on looking for values or purpose that generate investment returns based on diversity of thoughts and perspectives, while also creating change with our capital. I believe it’s time to change the face of Wall Street and corporate America.”

What is the SHE index?

The SHE index itself is an index which is based on a methodology involving measuring the number of women at senior management levels in the largest firms.
The resulting product is an ETF that tracks a newly created, proprietary gender diversity index comprised of the largest companies in the US with senior women leaders relative to other firms within their sector. Rather than wait for companies to take action themselves or rely on legislation to be enacted, SHE provides a way for people to fight the gender gap directly by investing in companies that put a premium on women in leadership positions.

Jennifer Bender, Managing Director and creator of the SHE index explained to theglasshammer.com that prior to launching this ETF product, Statestreet has been working with rule based large data sets on the institutional side of the business. She comments that it seemed like a natural transition to provide retail investors with the same ability. She comments,

“If investors want to vote with their feet plus get the long term equity return they are looking for then this product allows them to do this.”

When asked about how the companies are picked for the index, Jenn Bender explains that top firms are picked to meet specific criteria using independent research. She explains,

“We want the index to be sector constrained so that we have similar sector weights as the US large cap universe which ensures we have a diverse group of industries represented. The companies in our index have the highest ratios of female senior managers in their sector. “

Walking the talk

Allison Quirk, executive vice president and chief human resources and citizenship officerat State Street believes that it is another way to tackle gender equality work.

When asked about the new SHE index, she sees the importance of reflecting the work State Street continues to do the inside to create that pipeline of female leaders with an external commercial product that aligns with the State Street culture. She comments,

“It is good for business to ensure women have what they need to navigate – it is our responsibility to engage the entire talent pool to ensure a sustainable pipeline of female leaders. We have eighteen female EVPs now who each sponsor other women just below them, this effort along with our male colleagues taking the lead also on mentoring and sponsoring women, means that we really believe we will see the rewards of paying it forward. “

With 27% of their SVP’s and 23% of their EVP’s being women, it seems that this firm is taking gender parity seriously.

State Street’s SHE fund also has an innovative charitable component to it that focuses on the next generation of women leaders. The company will take a portion of revenues and direct them to the newly created Donor Advised Fund, which will in turn support organizations that inspire and equip girls to be future business leaders – particularly in industries where women have low representation today, such as STEM (Science, Technology, Engineering and Math).

Pipeline at all levels is what more firms need to think about.

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Power – How Do You Feel About This Word?

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POWER featuredI often run psychometric tests on my coaching clients to find out with some hard data how they are motivated and driven at work. More often than not, my clients come back with varying levels of ambition and varying levels of the need for power.

Power is sometimes seen as a dirty word for women and many will tell you that they do not want it (even if their data says otherwise), yet power is really just another word for authority and control over what you are responsible for delivering. You should want some power, as otherwise you might find you lack the resources to follow through on your remit.

Own your personal power as you see fit, but at work it is equally important to ensure your authority to execute on a task is aligned with the level of responsibility you have to see it all get done!

By Nicki Gilmour, Executive Coach and Organizational Psychologist

Contact nicki@glasshammer2.wpengine.com if you would like to hire an executive coach to help you navigate the path to optimal personal success at work

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4 Tips to Calm Yourself and Your Stressed Team

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women stressedFemale professionals in the financial services industry are no strangers to stress. Whether the pressure stems from a full plate of distractions, such as those introduced by an unsteady economy, or from a steady flow of work-oriented communications, there is a constant balancing act to find a suitable strategy for getting the job done. How can you stay focused? How can you help your team successfully accomplish a challenging objective without becoming overwhelmed?

Tip 1: Stop Multitasking

Women in financial services are resolute multi-taskers with a high probability for getting stressed out to the max. A Stanford study revealed the cognitive dangers to media multitasking. Scientists have theorized that humans simply cannot adequately process a conglomeration of various free flowing information at one time. However, that fact has not stopped female professionals from trying. Without a doubt, individuals who have mastered multi-tasking positions have acquired an invaluable skill. This, however, is a double-edged sword. Their perceived gift is stress-inducing, which means it comes with a high price. Multiple tests showed that heavy multitaskers not only consistently underperformed light multitaskers, but the flood of tasks was actually detrimental to their cognitive control. On the other hand, workers who prioritize and give individual projects full attention are actually more productive.

Tip 2: Understand the macro-environment

Financial services is a particularly stressful industry because of widespread restructuring, increased competition, and globalization. Immense changes in the economy have had a significant impact on professionals in the industry. The stress resulting from work-related irascibilities in the financial industry should not be ignored or minimized. Massive acquisitions and mergers have made headlines for years.

Women in financial services are resolute multi-taskers with a high probability for getting stressed out to the max.

New developments in technology require finance professionals to acquire and utilize more technical expertise, and to perform increasingly difficult tasks with a broader skill set. Additionally, domestic and international competition has raised the bar as to what is expected of financial services. Toss in a lack of meaningful communication and a loss of teamfocus, and you have the recipe for exacerbated tension and frustration in the workplace.

What starts out as irritation from miscommunication or fatigue from a heavy workload, often leads to more serious difficulties such as burn out, anger eruptions, physical illness, loss of self-confidence, workplace violence, and insufficient staffing. Understand the reason is sometimes bigger than you and that there are certain factors in the macro-environment that cannot be overlooked.

Tip 3: Identify the source of the stress

It is unreasonable to think that one can revolutionize the entire financial services industry and make the workplace stress free. However, with expert advice, you can change the environment of your own workplace in order to reduce your stress level and the stress level of your teammates. How do you bring about a more positive atmosphere? It’s crucial to first identify the source of the stress. Is a particular project weighing everyone down? Has there been a lot of overtime? Is new technology causing stress in the office? Once you identify the stress, then you can begin the process of alleviating it.

Leaders don’t wait for staff to come up with something to make the workplace healthier. Take the initiative by providing team support and by giving each worker clear training and goals. Instead of having the type of staff meeting that allows for endless rambling, set a clear agenda that conveys a constructive tone, one that prevents individuals from monopolizing valuable time. Meetings that are productive and focused create a true haven for support rather than add to the team’s boatload of stress.

Tip 4: Think ahead

A proactive leader thinks ahead. Don’t wait until everyone is at the breaking point before you decide to act. When your team is assigned a project, use insight to determine what the team needs to deal with the challenges associated with the project. If certain tasks, changes, or clients are likely to impose extra stress on your team, then have a clear stress management plan ready. Keep the lines of communication open, and encourage feedback and team engagement. Obviously, you are not going to eliminate or even reduce to an innocuous level every source of stress in the financial services industry. However, it is both insightful and pragmatic to take advantage of every available resource and opportunity to minimize personal stress and the stress of your team. To start with there are always some simple, practical, common-sense things a good leader can do to stay on top of or avert a potential problem: When conflicts arise, settle them quickly; give the needed attention to individuals on your team; listen actively to them when they make suggestions or face difficulties; institute a strategy that will make it easy for them to transition from one project to the next; give them constant feedback and make them feel respected and valued.

Even though female professionals face highly stressful circumstances in the financial services industry, they can manage pressure by keeping the workplace positive. Multi-tasking and aimless staff meetings are not the solution, but part of the problem. Workers need to know that they are valued as team players, and they need to have clear goals on which to focus, and toward which to work. By honing their exceptional communication skills, women leaders avail themselves of yet another useful skill in managing stress.

By Kathleen Delaney

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Always Number Two At Work? How To Be The Boss

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Smartly dressed yyoung women shaking hands in a business meeting at office deskMany women tell me that they are always number two to a male CEO and yet basically do more than their fair share of work and do much of his too. Does this sound familiar? You are not on your own but the good news is that you can do something about it. It is your choice to stand in the shadows for the next 3 projects or to assert your confidence in showing people your capabilities. Apply for the project lead role- what is stopping you?

Reflect upon gender roles- maybe you were told to be a “nice girl” when you were little, while your brother was told to “go get ‘em tiger”.

Recommended reading “Nice girls dont get the corner office”.

If you can do it, why aren’t you doing it?

By Nicki Gilmour, Executive Coach and Organizational Psychologist

Contact nicki@theglasshammer.com if you would like to hire an executive coach to help you navigate the path to optimal personal success at work

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Stoking Your Intrapreneurial Spirit

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thought-leadershipHow can you make a sideways step within your job yet still move your career ahead? The opportunity, even demand, is intrapreneurship.

Intrapreneurship is entrepreneurship, but within the context of a larger organization. An intrapreneur is “an employee of an established organization with an entrepreneurial mindset,” who thinks more like a start-up owner.

Alyson Krueger writes in Fast Company, “Obviously there have always been go-getters in companies who try to move the needle forward and push the status quo. But never before has there been such a push for employees to take ownership of their own corner of a company.”

Asserted in Entrepreneur, “intrapreneurship is the new entrepreneurship.”

Satisfaction and Engagement Meets Innovation and Leadership

A survey from University of Phoenix School of Business found people who are satisfied in their job are nearly twice as likely to report having the opportunity for intrapreneurship (61%) compared to those who are not satisfied (33%). It’s logical that organizations are being advised to foster entrepreneurial cultures as a way of attracting talent as well as increasing employee engagement.

Murray Newlands writes in Inc., “Intrapreneurs will become the building blocks of a company’s executive teams and leaders. They are the driving force that moves a company forward and they will inevitably rise to the top of the company as they understand the company from all levels. Starting from the bottom, they will see the company as a set of processes in which every process must evolve.”

Intrapreneurs shake up the ladder, which is one way to change the gender status quo. They do not obey traditional career paths, but creates new ones, while changing how things work from the inside-out. There are many articles that advise on the skills to be effective as an intrapreneur. But the first word that comes to mind when we hear entrepreneurial is spirit.

Here are five qualities that seem across the board inherent to stoking your intrapreneurial spirit.

Quality 1: Relentless Curiosity.

Intrapreneurs see the opportunity for something that is not yet there, which takes curiosity, perceptiveness, intuition, and being attuned to seeing trends before others. They also have to be able to question and “challenge current business practices,” not simply fall in line or put their heads-down and get on with it. Intrapreneurs don’t stay in the box. They question the box. Coming up with ideas is a mindset, and it’s value does not hinge on the success or failure of one idea.

According to Claudia Chan, founder of S.H.E. Globl Media, in Fast Company, intrepreneurial employees are asking questions such as,“What do I want to create that is going to fill a white space? What doesn’t exist that needs to exist? There is a hole and they want to fill it. There is a problem, and they want to solve it.”

Quality 2: Risk-Taking Creativity.

Chan writes, “If you’re not uncomfortable or scared, you’re not driving innovation.”

Intrapreneurs bring creativity where it did not exist before, in the form of ideas, processes, and solutions, and they embrace a spirit of uncertainty. As a visionary, you cannot know exactly what you’re doing, because what you’re doing has not been done before. It’s very important to be knowledgeable and leverage your strengths, but also find the right point to make the leap.

Susan Folley of Corporate Entrepreneurs, LLC writes, “This is the great divide between traditional leaders and intrapreneurs – the known and unknown. It is the difference between playing it safe or taking a risk, relying on past experience or experimentation, needing detailed information to decide or leveraging what you know, minimizing risks or maximizing value, asking for what you need or leveraging what you’ve got. They see what is possible. It’s a mindset, a way of operating that is foreign to many of us.”

Quality 3: Daring and Vocal Courage.

Intrapreneurship takes a willingness to step up with your ideas and be vocal, even finding a way to visualize them so they become more accessible to others.

As shared in her book Daring Greatly, researcher Brené Brown asked Kevin Surace what the biggest obstacle to creativity and innovation was, and he replied that it is the fear of even putting your ideas out there due to worries about ridicule or being belittled, yet “innovative ideas often sound crazy and failure and learning are a part of revolution.”

So it’s necessary to stoke your courage, but according to Brown the culture matters. Ask if the culture you’re in is also rewarding the value of creative courage. If you’re a woman of intrapreneurial spirit full of ideas, be in an environment in which you and your ideas will flourish.

Quality 4: Passionate & Adaptable Resilience.

Once you’ve put yourself out there, it’s important not to let your ideas die upon rejection of one articulation, but foster resilience and passion towards getting to the best work, just as a writer may have to find the real story one hundred pages into her first draft.

Rich Maloof writes in Forbes, “find a granular element of the concept that is undeniably of value.” You can always find the new simplified starting point and with iterative progress, your Plan D may be ten times better than Plan A started out.

Quality 5: Contagious Collaboration.

A large part of intrapreneurship is being able to “assemble” the right team around an idea and foster an enthusiastic start-up mentality – all hands-in, less silos and more shared accountability. If intraprenership requires a learn-by-doing approach, you’re going to need a passionate team willing to learn and relearn with you. You must be able to make a personal vision a team vision.

Intrapreneurial women will not be the first up the ladder. Instead, they’ll invent a new platform to stand on, from which the view looks different for everyone.

By Aimee Hansen

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How Digital Could Deliver Workplace Gender Equality in 25 Years

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By Aimee Hansen

Women-on-computerAn increasingly digital workplace may have brought debatable impacts such as the 24/7 work week and scattered listening, but according to Accenture’s latest findings, it also has the potential to bring global workplace gender equality a lot closer to reality.

Earlier this month, we wrote about how the United Nation’s International Women’s Day 2016 effort emphasized accelerating gender equality. A new report from Accenture entitled “Getting to Equal: How Digital is Helping Close the Gender Gap at Work,” asserts that digital is a key factor in accelerating gender equality in the workplace.

Accenture’s report finds that doubling the pace of “digital fluency” among women could double the speed of gender equality at work.

Rather than waiting until 2065, doubling the pace at which women become frequent users of technology would bring workplace gender equality in developed nations by 2040.

Rather than waiting until 2100, workplace gender equality could be brought forward in developing nations by 2060.

The Relationship Between Digital Fluency and Gender Equality

Accenture’s report comes as global talent shortages are being highlighted by the World Economic Forum as well as Manpower Group, while women remain an underrepresented presence that could become part of an evolving and flexible workforce increasingly enabled via technology.

Combining survey data (nearly 5,000 men and women in 31 countries) with published data on digital usage by country to create an econometric model, Accenture analyzed the effect of digital fluency on gender equality throughout the career cycle for an individual. Researchers also looked at the relationship between gender equality and digital fluency across nations.

In their report, digital fluency was correlated with women’s career achievement. The U.S., Netherlands, UK, and Nordic countries have both the highest digital fluency and rank among the top performers in workplace equality.

Large gender gaps in digital fluency exist in Japan, Singapore, France, and Switzerland, and closing them would increase gender equality in the workplace.

In countries like India and Indonesia, generally low levels of digital fluency, and gender gaps within them, are holding back women’s progress.

Nations like Saudi Arabia and Japan illustrate that digital fluency is not the only factor at work, since deep-seated cultural factors also hold gender gaps wider than expected based on the model.

Though it may be argued that over time digital, and its ability to amplify the voices that are so often disenfranchised, could play into challenging the cultural factors that disempower women.

Digital Fluency as an Accelerant, Especially For Women

Accenture concludes that digital skills are helping to narrow the workplace gender gap and level the playing field and that digital fluency acts as an accelerant in every stage of a woman’s career from education and employment to advancement because technology removes many of the barriers that prevent women from working more flexibly. Digital fluency helps men and women but the
the researchers of the report found that being digitally fluent held even stronger positive effects for women than for men.

Accelerating Education

The report showed that when men and women have the same level of digital fluency, women have achieved a higher rate of education.

Women are not simply becoming better educated than they were before. They’ve become better educated than men in 16 of the 31 countries.

Digital fluency played the greatest role in enabling women to access education in developing nations – with 68% of women saying Internet was important to their education (versus 44% in developed nations).

Accelerating Employment

Digital fluency allows for more flexibility in the workplace, which is helping to close the employment gap between men and women in many countries, as more women are more able to find and participate in work.

The report found that “While men and women alike are liberated by the balance that work flexibility affords, women appear to derive greater value from it.”

In the survey, 72% of women (and 68% of men) said that women’s employment opportunities increase as digital fluency increases, with nearly half of women reporting they used digital to access job opportunities and work from home.

Accelerating Advancement

While digital fluency also proved to help accelerate women’s career advancement, the relationship was less significant. The report found that “while digital fluency is having a positive impact on pay for both men and women, the gap in pay between genders is still not closing.”

What is changing is the expectations that it’s possible to close the gap within a foreseeable future, as nearly 60% of Millennial women aspire to be in leadership positions and feel skilled for it, and nearly 3/4 of respondents agreed “the digital world will empower our daughters.” Mind you, those digitally native daughters with better education than their male peers and expanded access to work of many forms across many countries.

According to Julie Sweet, Accenture’s group chief executive for North America, “This is a powerful message for all women and girls. Continuously developing and growing your ability to use digital technologies, both at home and in the workplace, has a clear and positive effect at every stage of your career.And it provides a distinct advantage, as businesses and governments seek to fill the jobs that support today’s growing economy.”

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Develop Yourself

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People around a laptopIf you wait for your employer, you might be waiting a long time.

Recently, over glasses of wine, it came up that many of my friends felt like they weren’t being developed by their companies.

“They think we don’t care about career development because they think we don’t care about our careers because we’re millennials. Millennials…such an HR term,” complained one of my friends, who is a consultant.

“At least if they decided to develop you, you’d be getting applicable skills,” said another friend, who leads corporate training programs and is questioning her career. “I want to change my career and I’m not sure how.”

“The only kind of development we get is access to a series of boring webinars that we have to watch in the HR conference room,” said another friend in a tech company. “I fell asleep during the last one.”

Why are companies not developing their employees?
  • Maybe they think you don’t care.
  • Maybe they don’t care.
  • Maybe they think they are developing you, but don’t know how.
  • Maybe they’re too busy.
  • Maybe they’re only focused on developing their favorite star employees, and don’t have time for everyone else.
  • Maybe someone in the HR department or in management doesn’t like you.
  • Maybe they only develop men, and not women (in which case, you might have a lawsuit on your hands, or need to look for a new job).

It sucks to stay at a job and not be developed. If you are at a job for a number of years, you should need to update resume every six months with new skills, projects, tasks, and reports. If you don’t find yourself doing that, well, you have an issue. I find myself regularly logging into LinkedIn to post my latest presentations, updated skills, and reports.

So you’re not being developed. Or maybe you want a new career, and don’t want to bother focusing on being developed in your current organization/role. Here are some tips on how you can develop yourself. Ultimately, you’re the one who cares most about your career, so you should be the one taking charge of it.

  1. Look at your career in the long term. Where can you go? Where do you want to go? Where could you possibly go? If you really need help, contact a career counselor. Your alumni or career services office of your former university might be able to assist you with resume revision, career counseling, and networking opportunities.
  2. Do you want to/Are you willing to live someplace else? This might open up or limit your options, depending. If you need to or want to move, voice this to your organization to see how this may change your career. Affiliate yourself with local professional organizations (even if it’s just online) to connect and network.
  3. Don’t get bogged down by negativity. Yes, maybe you hate your job, or your career, or your boss, or your HR department. But stop complaining about them and wishing they would all just quit or go away won’t help you. Accept that things are the way they are. Try to change them – by looking for a new job, and until that happens, focus on developing yourself.
  4. Are there any industry/professional associations you could be affiliated with? Join them. Even if opportunities are lacking in your organization, externally you could find mentors, training programs, networking opportunities, conferences, grants, and workshops crucial to developing your skills and career. See how you could be involved – volunteer for events, offer to give presentations, see how you can contribute and be a part of growing your skills and your career.
  5. How can you further your education? Whether it’s getting a master’s degree, enrolling in a certificate program, or taking a weekend course that could develop your skills and career further, never stop learning. Check in with your HR department for reimbursement policies and any class recommendations they have.
  6. Ask for more at work –from new people. Maybe you’re limited in how you can develop in your department. Talk to your colleagues from other departments, and see if you can help them with any projects, and develop new skills. Maybe HR has some ideas about how you can assist with staffing gaps. Offer to do presentations – public speaking skills are very important (even if you hate it!).
  7. Improve your people management skills. Schedule one-on-ones with direct reports to check in and see how you can help them more. Ask if there are ways you can improve and help them. If you don’t have anyone to manage, ask if you can. If there are no opportunities, create an internship program to give you much-needed people management skills. When working across teams and when managing projects, show off your skills and leadership talent.
  8. Work on general development skills. Maybe you’re a solo librarian at a large law firm, and they’re not interested in funding classes for you on improving search strategy or copyright updates. See if they will stand behind you as you take classes on managing staff, time management, productivity, budgeting, and career management. It’s always a good idea to have a few ideas of your own picked out, but check in to see if your managers and/or HR department have any ideas of your own.
  9. Are there language skills you can develop?Learning a new language is always a great thing to do – it challenges your mind, it’s fun, it’s a great connect with people, it helps when you travel, and it’s a great thing to add to your resume. Check out if your job will pay for it, and/or if they will let you take classes on company time. I initially began studying Spanish because of my own personal interests, and have since read reports/articles in Spanish for work, answered information requests in Spanish, and fact-checked a report in Spanish. Check out reviews of local language schools, or your local colleges, and join Meetup groups as a way to practice further.
  10. Start an Internship/Volunteer. If you really want a new career, don’t jump ship before experiencing it for yourself. I will never thank my mother enough for forcing me to be a candystriper when I was in high school after I said I wanted to be a physical therapist. Working at a hospital quickly made me realize that while I loved helping people, I didn’t want a career in the medical field. I volunteered another six years, and loved it, but knew it wasn’t a lifelong career for me. Bonus for internships: you might make some great connections for a future career.
  11. Find mentors, inside and out. The most unlikely person in your organization can turn out to be a great mentor, and maybe even ultimately, a sponsor to help advance your career internally. Mentors can give you great advice on how to take your career going forward, which new skills to focus on, how to build new skills, organizations to join, opportunities to pursue, how to navigate career politics, and just serve as a sounding board. Can’t find a mentor? Be your own!
  12. Don’t just find a mentor – be a mentor. Mentor someone just starting out their career, or even a student in the field. Former mentees of mine still email me for advice, years later. It makes me feel good that I’ve made a difference in their careers.
  13. Update your resume and LinkedIn page all the time. Even if you’re not looking for a job, you should be always be regularly updating. A friend who unexpectedly lost her job when her company shut down their North American headquarters office told me, “The worst thing is that now I’m trying to remember everything I did for the last six years.” Also, should you suddenly decide to update everything on your LinkedIn profile at once, this could be a bit suspicious to your coworkers/managers. I use LinkedIn as a place to find and promote my speaking engagements and articles, so I constantly update my profile.
  14. Actually use LinkedIn. A biologist friend recently confided in me, “I don’t really see the purpose of LinkedIn.” Use it to see if any of your friends have connections at your dream companies; use it to stay connected to former classmates and those in your field. Join relevant groups; they’re great for asking questions and getting a fresh outsider response.
  15. Connect with recruiters. If you’re looking for work, connect with a recruiter. Make sure they know exactly what you are looking for so they can make the most of their time and your time. They should also be aware of your latest skills.
  16. Even if you don’t want to leave, check out other jobs in your field. What are the required skills and experience? What can you work on? What should you focus on developing? Where are your gaps? During a check-in with your manager, ask to fill in some of those gaps.
  17. Network with a purpose. Most of us find networking awkward – standing there, clumsily unsure of how to start conversations. Ahead of time, create goals: think about what you want to accomplish at a networking event. Create an elevator pitch. I like to go into networking events with some questions. “What’s new in your office?” “How do you handle stress with your job?” “What’s your favorite thing about your job?” You can talk about what you do, and mention what kind of opportunities you are seeking. I was offered a speaking engagement after updating an acquaintance about the speaking I had been doing.

Really, when it comes down to it, developing your career is your responsibility. It would be great if your employer would help you, and really, any good employer will, but if it’s not happening, you need to make it happen. Develop yourself: it’s the best thing you can do for your career.

Writers bio:
Cheryl Yanek is a writer currently traveling around India, where she is also studying yoga. She regularly writes on career issues, ultrarunning, feminism, pregnancy, yoga, food, and wine. She has been published in many places including Skirt Collective, Trail Runner, The Huffington Post,  Ultrarunning, Manifest-Station, Thought Catalog, and New York Wine Events. She is also the Race Director of the Burning Man Ultramarathon.

 

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Executive Presence – Do It Your Way For More Trust With Your Team

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How-to-build-a-teamThere are many books and “experts” on executive presence out there, many of them keen to tell you how to dress and how to act. My take on this is simple, just be yourself. Authenticity and being truthful about who you are has been shown to augment trust between people and people make the work go around. This has been shown especially with LGBT managers.

Now we all know that if you are a woman sometimes you are damned if you do and damned if you don’t ( see every female leader who ever lived, currently Hillary Clinton could tell you about this in detail I am sure) so the least you can do is not assimilate to behaviors that feel odd to you. However, you can be interculturally competent in any situation- which means reading the room while doing it your way!

By Nicki Gilmour, Executive Coach and Organizational Psychologist

Contact nicki@theglasshammer.com if you would like to hire an executive coach to help you navigate the path to optimal personal success at work

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Working mothers – find the company that makes your life easier!

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Working motherSo, having recently become a parent myself, I now finally understand some of the challenges of being everywhere at once that so many readers have told me about over the years. There are many ways to be great at work, great at home and maintain your sanity. Carol Evans (former CEO of Working Mother Magazine) wrote a great book in 2006 called “This is How We Do It: The Working Mother’s Manifesto” and in 2016 it is still one of the most practical books I have read on the topic. Carol is a friend of mine and we often discuss the fact that some companies more than others have led the way for working parents to thrive not just survive of both genders with innovative policies that they are continuing to develop. There are some personal choices to make and that is, yes very individual at times but I say we need to stop scrutinizing women’s choices. The best advice I can give you is to examine how family friendly your workplace is, because although some positions are rigid with their requirements, you would be surprised in reality what flexibility can become a reality in the near future

By Nicki Gilmour, Executive Coach and Organizational Psychologist

Contact nicki@theglasshammer.com if you would like to hire an executive coach to help you navigate the path to optimal personal success at work

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Catalyst Honors Gap for Pay Equity, Leadership Diversity

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diverse workforceBy Melissa Anderson

Gap, Inc. was honored last week with a Catalyst award for its achievements in building diversity and inclusion at the company. Not only has the company made strides in increasing the number of women in key leadership positions, it has also focused on improving opportunities for women of color.

Between 2007 and 2015, the company has increased the representation of women reporting directly to the CEO from 33% to 77%. Forty percent of those top level reports are women of color. Similarly, in the same time frame, the number of women serving on Gap’s board has increased from one to four, two of whom are women of color.

Women also lead four of the company’s five brands, and since 2007, the representation of women at the vice president level has increased from 44% to 49.7%.

“Equality is engrained in everything we do. For us, it was not only the right thing to do, but also a business imperative,” said Dan Briskin, VP of Global Employee Relations and HR Shared Services, Gap Inc., during a panel at Catalyst’s annual conference on Wednesday.

The company’s award-winning diversity initiative, “Women and Opportunity,” was made up of three key pillars, according to Heather Robsahm, Senior Director of Talent Management for Banana Republic, one of Gap’s brands. These include career mobility, results oriented work environments (ROWE), and pay equity.

The vast majority (83%) of Gap’s current female executives are promoted from within, and many, like Robsahm, come from the company’s field operation. As part of its career mobility pillar, Gap has created career readiness programs to ensure employees are able to build their skills and set their career trajectory.

“We have a deep bench for women who are poised the lead the company into the future,” Robsham says.

Instituting the ROWE has helped the company improve accountability and engagement, Robsahm says, and demonstrated that people can own their time and still be successful at their jobs.

Finally, in 2014, the company affirmed it had achieved gender pay equity across its global workforce of 150,000 people. When the company set out to track its workforce pay, executives expected they might come across some gaps, so the company set aside some money to make up the difference in pay for women. But after looking at the data and partnering with an external firm to verify the results, the company found it had no significant gaps and hadn’t needed to tap into the extra cash.

“When you are focused on paying people for the work they do, and you are focused on grappling to get the best talent and focused on paying the market rate for that talent, [pay equity] naturally follows,” Briskin said.

This was the first year Catalyst named only one award winner, which, conference organizers said, emphasizes the impressiveness of Gap’s achievements.

Leadership and Courage

Also speaking at the event was Marillyn Hewson, CEO and Chair of Lockheed Martin, the defense and technology firm that took in over $46 billion in revenue last year.

In a Q&A with Catalyst CEO and President Deborah Gillis, Hewson described her views on diversity. Several years ago, she noted, Lockheed’s senior management realized it needed to get more women and minorities into its leadership pipeline.

“It starts with leadership setting the tone from the top,” Hewson said. She emphasized the importance of taking meaningful action to build diversity.

Today 20% of Lockheed’s leadership and a third of its board are women. But earlier in her career, things were different, Hewson recalled. That’s why today she places such importance on mentoring other women, she said.

She recalled often being the only woman in the room coming up in her career and noted how difficult it can be to deal with negative comments or unintentional slights when there’s no one to share them with.

At one point she was greeted in an all-male meeting with a comment that the others were glad she’d arrived because they ‘needed a pretty face’ in the room. “I said, ‘I guess I’m in the wrong room because I have other things to do,’” she remembered.

“You can be caught off guard, and having the chance to talk to other women about those things makes a difference.”

Hewson chairs the diversity and inclusion council at Lockheed Martin, and requires business leaders to meet with her once per quarter to discuss their strategies and metrics on diversity. She expects them to share information on hiring, promotion and attrition with respect to the demographics of their division. The company has also recently made an effort to incorporate white men into the conversation on diversity, she revealed. Previously, this group had felt locked out of diversity efforts, she said, which was presumably doing more harm than good.

An audience member asked Hewson to discuss a quote by Gloria Steinem: “Women still require an adjective and males don’t.”

When will a woman CEO simply be referred to as a CEO, she inquired.

“This is my fourth year as a CEO, and I don’t get the woman question as much anymore,” Hewson said. “That’s why I want to talk about being a leader.”

She encouraged women who aspire to be leaders to be courageous and take difficult assignments that showcase their capabilities and experience.

“Importantly, you bring the character and integrity that the team needs,” she said.

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