Nicki HeadshotBy Nicki Gilmour, Founder and CEO of The Glass Hammer

Theglasshammer.com is in Norway this week reporting on gender parity and how Norway  is working to achieve critical mass for women in leadership positions. Legislation resulting in quotas has furthered progress there, read us next week to see the full findings. Back on home turf, we have media speculation that a gender discrimination lawsuit against Goldman Sachs may become a class action suit stating that Goldman Sachs promotes all men over all women categorically.

I would like to point out that Goldman Sachs was the first company to back the launch of The Glass Hammer and was also the first large financial firm to create internal women’s advancement programs – including the Returnship and annual events like Brokering Change – Multicultural Women on Wall Street. Let’s not pick one bank to crucify, when it is the industry that needs to re-evaluate its appeal to female talent. Instead, let’s make sure that we give credit to companies who are making progress towards critical mass and fair systems to keep women in the game at a time when we are dwindling in numbers.

I believe that very little can be gained from litigation in the workplace and class action suits were surely invented for a different purpose (think Erin Brockovich). Does it actually change the treatment of women in the workplace? Does it advance the mission of creating a meritocracy? In my opinion, no, it achieves neither of these objectives.

Read more

kolbertContributed by Kathryn Kolbert, Director of the Athena Center for Leadership Studies at Barnard College

Power. Ambition. Money. Failure. These are taboos that haunt women today, stunting their climb to leadership positions in both the public and private sectors. We may not like to talk about them, and we don’t necessarily need to conform to typically masculine styles of approaching them, but women must learn to overcome our discomfort with these demons if we are to achieve parity in the workforce.

The statistics are all too familiar to many of us. While today we can see women in positions of power — from heads of state to university presidents to Wall Street executives – more broadly women are stuck, holding only 16% to 22% [PDF] of the leadership positions in many arenas, and in some areas, such as the military and Fortune 500 CEOs much less. For women of color, the numbers are even worse; of the 15.7% of corporate officer positions in Fortune 500 companies that are held by women, just 1.7% [PDF] are held by women of color.

Part of our inability to advance to leadership positions in the numbers that we’d like, of course, is due to longstanding discrimination and cultural biases that lead men in high-ranking positions to want colleagues that look and act like them.

Part is also due to the fact that women who off-ramp, to raise their children and care for family members, are disadvantaged by skeptical, inflexible employers who view such moves with suspicion. The Center for Work-Life Policy’s May study, Off-Ramps and On-Ramps Revisited [PDF}, found that “73% percent of women trying to return to the workforce after a voluntary timeout for childcare or other reasons have trouble finding a job.” Of those who do return, more than 25% reported a decrease in their management responsibilities and 22% returned with a lower job title.

But whether we like to discuss it or not, part of the problem stems from the fact that many women are uncomfortable with power, ambition, money and failure. In some cases women handle these issues differently than many of their male colleagues.

Read more

iStock_000011462846XSmallBy Tina Vasquez (Los Angeles)

A few months ago Deloitte’s Ann Weisberg shared an anecdote with The Glass Hammer that struck a chord with many of us. She relayed the story of a Deloitte senior male partner who spoke on a panel about the issue of gender diversity. He asked the audience, “Would you want your daughters working here? If the answer is no, then you should own part of the solution.” It got us wondering: Could the simple question “Would you want your daughters working here?” change the way companies treat gender diversity?

A Powerful Question

Barbara Adachi is the National Managing Principal for Deloitte’s award-winning Women’s Initiative and yet another believer in the power of the question, “Would you want your daughters working here?” Not only does she believe that considering the question would help senior men see the work environment and culture from a very different and personal perspective, but she’s seen the power of the question at work.

“When we launched the Women’s Initiative in 1993, our CEO Mike Cook had two daughters who were entering the workforce. He personally recognized the importance of women having equal opportunities to advance and he applied this to our culture,” Adachi said. “In a Harvard Business Review article about the Women’s Initiative, [Deloitte Consulting CEO] Doug McCracken cited that the light bulb went on for a male partner when asked, ‘Your daughter is graduating from college. Would you want her to work for a company that has lower expectations for women?’ Suddenly, he got it.”

Read more

Adult Education SeriesBy Elizabeth Harrin (London)

Have you dreamed of going back to school? Hours in the library, long conversations with intelligent professors and nothing to worry about except the deadline for that next assignment. Studying as an adult isn’t much like that, unfortunately. However, if you are unemployed with time on your hands, or want some extra skills to boost your resume, this could be the ideal time to dust off your books and get back in the classroom.

What’s your existing skill set?

“Everyone who wants to excel in business needs to understand finance and accounting,” says Dr. Linda D. Henman, President of the Henman Performance Group. “If you’ve studied HR but don’t seem to be getting anywhere, now would be a good time to pick up those classes. If you’re a finance professional, advanced training and a masters can only help.”

There has never been a better time to study finance and economics, as Jennifer Small, a graduate of Stetson University in Central Florida, found out when she studied for her executive MBA. “The classroom curriculum was naturally adjusted to reflect the challenges of this period, in addressing the tactical, economic, and ethical aspects of the economic meltdown,” she says. “I feel these valuable discussions and explorations have given me the tools to anticipate future economic calamities. I feel I’ve been provided with the means of identifying challenges and problematic trends before they transpire through the thorough examination of examples of past mistakes that led up to this recession. I strongly believe this has made me more forward-thinking in comprehending the importance and relevance of developing contingency plans to survive the economy’s many ebbs and flows.”

Small feels that studying in the context of the recession has given her new skills and a broader focus. “One of my very first classes was Economics, where recent headlines were not only explained, but heavily delved into with the professor leading lengthy discussions carried out by classmates from all areas of U.S. industry. The concept of ‘too big to fail’ was examined and scrutinised, in regards to government bailouts of certain banks and institutions. These tough economic times have shown the spotlight on business areas such as executive compensation, financial risk factors, and conflicts of interest.”

Learning new skills also has the benefit of making you more valuable to employers. “As a professor of a number of MBA schools, further education makes many professionals more viable,” says Dr. Ted Sun, Professor of Organisational Leadership at SMC University, Switzerland. “When there’s a layoff, the least valued employees are let go. If you’re in school and bringing new knowledge and skills, you’re the last to get let go. Even in this recession, I’ve had students who get promotions based on what they’re capable of doing, well before the finished the degree. Especially for females, the glass ceiling is still present. Further education is a must to compete.”

Read more

iStock_000009913938XSmallBy Melissa J. Anderson and Nicki Gilmour (New York City)

Thought Leadership is creative, progressive and often full of risks as you need your team to follow through on your vision, whether it is the next innovation of a product or just a process that needs to be improved.

“If you’re scared of offending people, don’t be a thought leader,” said Nicki Gilmour, Founder and Publisher of The Glass Hammer at a panel discussion on thought leadership.

The event hosted by Barclays Capital‘s Women’s Initiative Network and the YWCA of the City of New York was entitled “How to be a Thought Leader.” Along with Gilmour, the panel featured Carol Hymowitz, Editorial Director for ForbesWoman, and Barbara Jones, Editorial Director of Hyperion Books and VOICE. The event was moderated by Monica Hanson, Head of Financial Institutions Debt Capital Markets at Barclays Capital.

By the end of the discussion, Hanson summed up what makes a thought leader: freedom from worry about criticism, energy to put your plans in motion, and the intellectual curiosity to think about how the status quo could be better and to come up with innovative new ideas.

Yes, all of these things do describe thought leaders – plus the ability to effectively communicate your ideas and plans.

As Gilmour said, “You do have to have an appetite for risk.”

Read more

iStock_000009246116XSmallBy Elizabeth Harrin (London)

You don’t have to look too far into management research to uncover that all the statistics point to one thing: we prefer to work for men. When Ella Edmonson Bell asked her MBA students whether they would rather work for a woman or a man, most of them said they’d prefer a male boss. When ForbesWoman asked their Facebook community the same thing, the answers were the same. Admitting our preferences doesn’t seem to be a problem – we’re happy to confess that we want to work for men – but why do we feel like that in the first place? What’s so problematic about working for a woman?

“One way of explaining this phenomenon is gender schemas,” says Dr. Birute Regine, a developmental psychologist and author of Iron Butterflies: Women Transforming Themselves and the World. “A gender schema is an unconscious cultural assumption we hold about men and women. One schema is that women are first assumed incompetent and therefore not leaders, whereas for men it’s the opposite – that they are first assumed competent until proven otherwise.”

The problem with ideologies of this type is that we don’t necessarily know that we have them, and they tend to be pervasive. “Both women and men hold these assumptions,” adds Dr. Regine. “So perhaps women prefer male bosses because they assume they are more competent, and don’t give women the same benefit of the doubt or confidence going in. Women bosses may not be as supportive because, even though they know that they themselves are competent, these schema lead them to assume that other women are not.”

Read more

iStock_000004944174XSmallBy Melissa J. Anderson (New York City)

Having weathered a recession that revealed inefficiencies, carelessness, and just plain antiquated business practices, companies are facing new demands from shareholders, employees, and customers alike: increased productivity, accountability, and sustainability.

And the solution to these demands may be an idea that has, for years, been relegated to the HR department or affinity groups, marked a “woman’s issue” and not taken seriously in the boardroom.

Judith Cherry, Head of Research and Insight at the UK-based organization Opportunity Now and author of the report “Out of Office: Solutions for an Agile Future” [PDF] explained, “We’re moving the debate away from flexwork – because we’ve come to the understanding that we’re all flex workers. What we’re doing now is “agile working.”

The distinction is important, she said, because agile working is about more than working from home, or using mobile devices. It’s a whole new system of management.

Read more

Women-on-computer

Thursday evening The Glass Hammer hosted Women in IT: Staying Technical and Getting to the Top. Held at Goldman Sachs‘ West Street headquarters, the panel featured Dr. Caroline Simard, Vice President of Research and Executive Programs at the Anita Borg Institute for Women and Technology; Wendy Stops, Global Managing Director of Quality and Client Satisfaction, Technology at Accenture, Inna Pomeranz, Technology Fellow and chair of the WIT Technical Pillar at Goldman Sachs, and Yvonne Schneider, SVP Global Commercial Services Technologies at Amex.

Avis Yates Rivers, President and CEO, Technology Concepts Group, moderated the panel. She explained, “The goal tonight is to present to you the stories, the strategies, the successes [the panelists have experienced] throughout their careers.”

The panelists offered strategic and optimistic advice for women in technology on subjects ranging from career development, office politics, mentoring, work/life balance, and more.

What Are the Challenges Technical Women Face?

Dr. Simard set the tone of the evening with a presentation of the Anita Borg study “Senior Technical Women: A Profile of Success.” She asked, “Why is it that only 5% of senior tech roles are occupied by women?” Based on her research, she identified several factors playing into the dearth of technical women at the top.

First of all, senior technical women are more likely than women at the entry level to engage in taking calculated risks for their careers. “Successful leaders are those who take appropriate risks. Risk taking when it matters is especially important for women’s advancement.”

Second, women are less likely than men to consider themselves innovators. She explained that innovation and technology are consistently thought of as male domains; companies and individuals should actively engage women in the innovation process.

Finally, “Women managers suffer form a perceived technical competency gap by both men and women. This shows serious, deep, underlying bias. This stems from a deep seated societal bias – 70% of people implicitly associate science and technology with males.”

She continued, “All of you are defying a stereotype simply by being a technical woman. Defying stereotypes is a difficult thing to do.”

And going against stereotypes tends to impact likeability, she said, especially when it comes to assertiveness, an important quality for leadership. Dr. Simard explained that many technical women experience this problem. The audience responded with laughter when she repeated something she often hears: “I was told to be assertive and now I’m told I’m difficult to work with.”

How can women get around this issue? Dr. Simard explained that successful women usually have a “large level of self awareness and the ability to modulate their assertiveness.”

Finally, she said, there is the issue of work family conflict. “Technical men are disproportionately relying on stay-at-home spouses, and workplaces are structured around this standard,” she explained. On the other hand, most technical women are part of dual-career households. Few have stay-at-home spouses.

This is tough for technical women in part, she said, because the culture of the tech industry awards hero behavior. “Companies really need to pay attention to this, [the behavior that] first you need to create problems to get rewarded. This perpetuates the perception that if you have family responsibilities, you cannot get recognized.”

Staying Technical

To open the panel debate, Rivers asked the panelists to describe what they feel “staying technical” means. Stops answered, “Staying technical means different things to different people. I’m in both technology and management. Even if you are in management, you have to remain somewhat technical. When you’re technical, you have to understand business. When in you’re in management, you have to understand tech.”

She continued, “To me, it means keeping up with what comes across my desk. I still get out there in the field, doing quality reviews with my clients. You can still be in the management role, and roll up your sleeves and still stay in touch. You have to be prepared to do that and not get caught up with the management role.”

Schneider explained that she does feel women get pushed into the project management role. She remembered being asked, “are you really going to be the person who is going to be the next architect?”

While she no longer codes, she said, “I constantly stay abreast of the industry and the technology. Keep with that type of challenge for your own self.” She continued, “As a technical person you are going to give more of what that solution means to the client. You have to know as much as your client.”

Pomeranz also recalled being encouraged to take up a more managerial position. She said, “ I told myself, ‘you should follow your passion, listen to your inner voice, follow what energizes you .’”

In fact, she continued, “At Goldman Sachs, we realized we were losing really talented technical women to project management roles. We decided to formulate a strategy to address this issue and formed a community of senior technical women – Technical Pillar within Women in Technology (WIT).” Technical Pillar provides technology and leadership skills training, mentoring, and increases technical women visibility among senior management.

Mentoring Women in Technical Roles

Pomeranz continued, “Mentoring is very important – encouraged by their mentors, almost one third of senior technical women in the Technical Pillar, within the last year, switched their role or expanded their role – we must be doing something right!”

Schneider said that Amex provides cross-cultural mentoring. She explained, “It’s different, the way different cultures work within regions and cross culturally.” The mentoring program allows the company to manage expectations across its global offices, she said.

“A lot of women feel they need to seek out another woman as a mentor,” said Stops. “When I started out at Accenture 29 years ago, there were not many senior women. It doesn’t have to be a woman, because unfortunately the statistics show the numbers get less and less as you get to the top.”

She continued, “I have a lot of women who want to reach out to me, and I make myself accessible on an informal basis. To me, the informal mentors are worth more than the formal, in terms of someone you can really open up to and be comfortable with that.”

And most people will be willing to mentor, as long as they’re asked. She said, “Just seek out people you feel comfortable with – most of them will say yes.”

Women and Innovation

Dr. Simard said that her research showed that a disproportionate amount of women did not consider themselves innovators, compared to men. She said that a lot of this comes down to societal conditioning, and that, “We all have a responsibility to engage younger women in the innovation process.”

She also recalled how one woman she interviewed went about building her reputation as an innovator. She said, “She makes sure to patent, publish, and document everything she does. This leaves a trail – a domain of innovation everywhere she goes. And people still call her up for expertise years later. It’s a good way to establish your brand as an innovator.”

Pomeranz commented, “It may be a misconception of innovation as invention. In the business world it’s not necessarily about inventing as it is about solving problems in a new and creative ways that bring value to our business.” How can one become a better innovator, she asked? “Open up to new ideas and new solutions. Create atmosphere where ideas can flow. Innovation means risk – without risk there is no reward. Take more risks. I love change. Get involved with strategic initiatives for the firm that bring value to your business and provide an opportunity to influence the organization and reinforce your position as a change leader There is always risk. We all can make mistakes. I think we need to think about how to take calculated risk and how we can mitigate that risk.”

Stops also had advice on taking risks. She said, “Sometimes I feel that whenever I can, I take a great big risk. I’m a big believer that if an opportunity is put in front of you, unless it seems like something ridiculous, you should take it. Sometimes you do have to take a little bit of risk and stick your neck out – especially if you have a little bit of determination.”

According to Schneider, she said, risk-taking is all about convincing others to believe in you. She recalled spearheading a project to build one of the first data warehouses at Amex. “We did it chunk by chunk – [I said] ‘give me $250,000 and I’ll show you what we can do with it.’ It’s about building that confidence. The willingness to take the problem and make lemonade out of lemons.” But that confidence comes from quality, she explained.

“Deliver what you committed to – when you establish a commitment, which is your brand, execute on your brand.”

Work/Life Balance for Technical Women

Stops said, “I’ve had the benefit of a stay-at-home husband,” but of course, she continued, “young children always want their mum.”

“I like to spend time with my kids. I block out time. When the school year calendar comes out each year, I block it out in the calendar. My EA knows it. I always do that.”

She advised, “Don’t be afraid to explain to your boss what your commitments are. I like when my team opens up to me and explains their commitments around family instead of just saying that they cannot make it to the meeting – It fosters a much more natural environment.”

She continued, “But you’ve also got to think about yourself. It’s not just about your kids, it’s also about yourself. …Of course, the more senior you get, the more you get to have that advantage.”

On work/life balance, Pomeranz said, “It’s a very personal choice – what’s right for me isn’t right for you. Every woman has a unique set of responsibilities, schedule, support system and resources. The only person who is an expert on yourself is you. I’m a true believer that you can make both your work and personal life work, it’s a matter of prioritization. Also, decisions that are right for one period in your life might not be right for another. While my kids were growing up . I made sure I stayed with them on the weekend. I didn’t miss extra curricular activities.” She continued, “What works for me is I find my balance in the acceptance of imbalance. I also learned how to have fun with the issue and change my priorities on the spot.”

And, she said, “Getting help is essential.”

Schneider agreed, “You need to give yourself permission not to be perfect.” She continued, “The emails will never be done. They’re not stopping. If you want to ask for some flex time, ask for it.”

Dr. Simard explained, “…women who were more productive were significantly more likely to say that they outsource housework. The ability to not have everything fall on your lap is extremely important to success.”

She said that women should create a “not-to-do list.” She said, “It’s empowering yourself to put things on your not-to-do-list. It’s so liberating. I highly recommend it.”

Assertiveness and Office Politics

An audience member asked the panel to go more into depth about how to deal with the “likeability” problems that come along with assertive behavior. As Dr. Simard had explained during her presentation, successful senior women tended to be more self-aware regarding their communication style.

“Usually women executives are really good at reading people and modulating,” she said.

She continued, “Become the cultural anthropologist of your own organization. Pay attention to who has a lot of influence and be ready to adapt. …It’s tricky and exhausting and it makes me mad that women have to pay attention to their communication style.”

Stops explained, “You have to understand relationships and you have to understand politics.”

Dr. Simard added, “Understand who has influence but not necessarily the title.”

Schneider agreed, “Find out how decisions get made in the organization. Understand the politics. In many cases it’s about creating your network. We do favors all the time but we don’t call in favors a lot.” She advised women to cultivate relationships with the people that they need to help get things done. “The more you know people, if you want them to help you, they typically will do it,” she said.

Stops said, “You have to be yourself. Be your own authentic self. It’s okay sometimes to show who you are, your authentic style, your honesty. Be yourself. Understand politics, but try not to get drawn into them. “

Pomeranz agreed, “Modulating is also about adjusting your message if you want to influence the organization.”

Watch the highlights here!

By Melissa J. Anderson (New York City)

female CEOBy Elizabeth Harrin (London)

If I don’t have my BlackBerry I don’t feel properly dressed. Given that technology has such a big role to play in our business and personal lives, you would have thought that the Chief Information Officer (CIO) is a crucial lynchpin in any organisation. For the most part, CIO’s are seen as important people – but they are just not quite CEO material. The rest of the C-suite see them as slightly geeky and lacking the range of skills required to cut it at the very top. It’s rare for CIOs to make it out of the server room and into the chair at the head of the table.

Of course, there are some exceptions. Philip Clarke, CIO of Tesco, is taking over from Sir Terry Leahy when he retires next year. Of course, Clarke runs the international wing of the UK retailer as well as steering the technology division. It doesn’t look as if his new job title will start a sea change in CIOs becoming top dog. Will CIOs still sadly joke that the acronym stands for Career Is Over?

So why have so few CIOs made the leap to running a company – and how can they get there?

Read more

Photo courtesy sec.gov

Photo courtesy sec.gov

By Melissa J. Anderson (New York City)

“I’ve surrounded myself with great and talented people and that’s the secret of my success,” said Mary Schapiro, Chairman of the Securities Exchange Commission. Schapiro was interviewed by CNBC‘s Maria Bartiromo Monday at New York Law School, for an event hosted by the Financial Women’s Association of New York.

Schapiro attributed her level of success to, “Not being afraid to hire people much smarter than I am.” She also mentioned the importance of “diversity of perspective.”

She continued, “The people make it worthwhile. …We are well-positioned to make a difference for American investors.”

Read more