bonnieBy Melissa J. Anderson (New York City)

The web provides so many ways to bring women together, and help them get to the next step in their careers. And The Glass Hammer is always looking for ways to collaborate with and support other publications that have a mission similar to our own – to inform, empower, and inspire professional women to break glass ceilings every day.

But with the vast wealth of information on the internet – including websites, social networks, newsletters, and more – one new media segment is often overlooked: web radio.

Recently, our founder and CEO Nicki Gilmour had the opportunity to contribute to Head Over Heels Women’s Business Radio with Bonnie Marcus. Marcus, in turn, agreed to tell us why she thinks web radio is the next big thing.

Marcus explained, “The show started as an extension to my coaching practice. Two years ago, I was having lunch with one of my mentors, who said, ‘You have a unique message, how do you want to go on coaching? One-on-one, or do you want to have a more global influence?’”

She continued, “It really hit me – the radio show opportunity came along so I grabbed it – it’s an opportunity to reach a more global audience.”

“I first launched the site September 22, 2009 under the name Women Mean Business. In January, I changed it to Head over Heels Women’s Business Radio.”

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By Melissa J. Anderson (New York City)

“Our CEO challenged his team to increase diversity – to come up with plans to accelerate the development of female talent,” said Brannigan Thompson, Head of HR for ING US Insurance. “We needed to not just say that we are a diverse company, but to act like a diverse company.”

Rhonda Mims, President of the ING Foundation and Senior Vice President, Office of Corporate Responsibility and Multicultural Affairs for ING added, “Finding creative ways to be ahead of the curve with employee engagement and professional development is really relevant to building a successful company. It’s more than writing a check – it’s about collaborating to deliver on a brand promise.”

Coming out of the recession, Thompson said, ING was “reexamining how we looked at leadership and reexamining how we do business. It was the perfect storm.”

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iStock_000004692549XSmallBy Melissa J. Anderson (New York City)

What makes a firm’s gender diversity programming really work? According to Jacqueline Akerblom, National Managing Partner for Women’s Initiatives and Programs at Grant Thornton LLP, it comes down to culture change. For the Global 6 accounting firm’s workforce, she said, diversity initiatives are “fully ingrained into the culture of the firm.”

But it wasn’t always like that. Six or seven years ago, Akerblom said, the company noticed it was losing a lot of its female employees. Recognizing the value of its women, the firm set out to keep them. Since 2004, when its women’s initiative was launched, the number of the women partners at the firm has increased by 184 percent, growing from 31 to 88.

How did they do it? Innovation. Here are five ways the company has succeeded – and your company can too.

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By Kate McClaskey (New York City)

In a time when companies are rebuilding their business models to include a more diverse workforce, financial corporations are paying attention. Black Enterprise magazine recently released its list of the best companies for diversity, a list which consists of companies that the magazine believes have achieved a high level of inclusion of minority individuals – including race, gender, sexual orientation, etc. The Best Companies for Diversity list was made through surveys of the top 1,000 publicly traded companies, focusing on technology, sales, marketing, and human resources. Below is a roundup of BE’s five top financial companies in diversity.

Northern Trust

Named one of the 100 Best Companies for Working Mothers and one of the top 50 Companies for Executive Women, the Chicago based financial company boasts not only an annual Chairman’s Diversity Advocate Award Program which recognizes employees who make contributions to diversity efforts, but Diversity of Work training to encourage work groups to value their people and their contributions.

Director of Global Diversity and Inclusion Mark David Welch promises progressiveness and training with the support of diversity councils. “Northern Trust has long recognized the invaluable role of diversity, and this recognition is a testament to our belief that fostering a globally diverse and inclusive workforce is fundamental to our success as a business enterprise and community advocate.”

The company also gives priority to programs in diverse neighborhoods while offering a broad variety of business groups including Women in Leadership, the TNTPride (LGBT) Community, and the Black Business Resource Council. All combined, this makes Northern Trust an inclusive culture that enables the company to hire and retain a diverse workforce – which Welch says leads to better ideas and innovations and brings out the best in our employees.

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Lynn_24P2193_FContributed by Lynn Harris, Author of Unwritten Rules: What Women Need To Know About Leading In Today’s Organizations.

One definition of insanity is to do the same thing again and again and expect a different result. If we want more women in senior leadership positions we need to take a different approach. The current one isn’t working.

We’ve repeatedly called on Board Directors and C-suite executives to act on the strong business case for appointing more female colleagues, with minimal impact.

The 2009 Catalyst Census of Fortune 500 Women Board Directors revealed that less than one fifth of companies have three or more women on their boards, and more than 40 percent have no women directors whatsoever.

At the last count, women comprised only 15.2 and 13.5 percent of board directors and corporate officers respectively in Fortune 500 companies.

The United States is not alone in its boys club mentality. Canada’s Financial Post 500 companies have only 14 percent female board directors, and 16.9 percent corporate officers. Similarly, women hold only 9.7 percent board positions in Europe’s top 300 companies.

Research shows companies with at least three female board members, and more women in senior leadership roles, produce stronger-than-average financial and organizational results. But the boys at the top just aren’t buying it.

It’s time to stop banging our heads against the same brick wall and instead, think more broadly about where we might influence change.

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Wittenberg-Cox_How Women_pbk.inddBy Cleo Thompson (London), Founder of The Gender Blog

“It’s time to get serious about sex”, declared Avivah Wittenberg-Cox in 2008, at the NYC launch of her book, Why Women Mean Business. Co-authored with Financial Times contributor Alison Maitland, the book took the economic arguments for gender change to the heart of the corporate world and spelled out in no uncertain terms that gender diversity is an economic necessity and is good for women, men, companies and their clients.

Two years later, we’re in a very different, credit-crunched corporate world and Wittenberg-Cox is back with the sequel: How Women Mean Business, subtitled – “A step by step guide to profiting from gender balanced business”. The book was launched last week at a London event hosted by Nomura, where the author guided her audience of both men and women through a frank and witty multimedia presentation of the issues covered in her new offering.

“The twentieth century is over. The reality of the world has changed. The last century was driven by manufacturing and the twenty-first century is wrapped up in customer services and technology”, explained Wittenberg-Cox.

“And gender balance has a huge role to play in this transformation.”

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iStock_000008800639XSmallBy Melissa J. Anderson (New York City)

Friday’s 85 Broads NYC Internet Week panel “Hot & Bothered: It’s Time To Change The Gender Ratio in New Media & Tech” tackled the myth that there just aren’t that many women in the tech space. Moderator Rachel Sklar, Editor-at-Large at Mediaite, explained that she meets a lot of female leaders in the tech space, but they just aren’t getting recognition.

Panelists included Esther Dyson, angel investor, tech industry pioneer, and journalist; Michelle Madhok, founder, SheFinds Media; Alexa Hirschfeld, co-founder, PaperlessPost; and Joanna Stern, contributing editor, Engadget.

Sklar said she decided to put the panel together after reading New York Magazine’s recent piece “Tweet Tweet Boom Boom: How Tech Startups Like Foursquare and Meetup Are Trying to Overthrow Old Media and Build a Better New York,” Sklar said, “The ratio in the New York Magazine piece – 53 people and 6 female – didn’t reflect my experience, socially, in this space.”

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iStock_000000616696XSmallBy Melissa J. Anderson (New York City)

This week, The Glass Hammer is celebrating women in technology with a series of articles profiling women who’ve broken the glass ceiling in senior technical roles. The tech field hasn’t always been seen as women-friendly. For instance, as noted in the Anita Borg Institute‘s report Senior Technical Women: A Profile of Success, the field’s culture promotes a hero-mentality, wherein the people given top jobs, promotions, and kudos are those who swoop in at the last minute when a project needs to be completed, spend long days and late nights fixing problems to meet a deadline, and save the day.

The hero culture doesn’t work well for women, though. As the study explains, most senior women in tech are primary caregivers who often aren’t able to spend those late nights in the office – and so they get passed over for promotions or interesting assignments, even if they’re highly capable.

Another study published in the December Journal of Personality and Social Psychology showed that geeky stereotypes may be keeping women out of computer-science related fields.

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Woman and computerBy Tina Vasquez (Los Angeles)

According to the annual Accounting MOVE Project, created by the American Society of Women Accountants (ASWA) along with Joanne Cleaver, president and founder of the research firm Wilson-Taylor Associates, women account for over half (51.4 percent) of all accounting firm employees, yet, they rarely make it “to the top rank in their profession: partner or senior executive.”

A 2010 MOVE study, released in early April, revealed one reason why women hit the glass ceiling at the senior management level: firms neglect to build women’s skills in business development, forgoing new clients and revenue in the process. And this is just one of a few crucial oversights that make it hard for women to advance in an industry that is otherwise seen as supportive of them.

In conjunction with the findings, ASWA and Cleaver have also released – for the first time ever – a list of the Ten Best Accounting Firms for Women, based on the MOVE research. According to Cleaver, showcasing the best firms provides learning points and insight that other firms can put in place to increase their pipeline of women and help them reach the next level.

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iStock_000002437760XSmallBy Melissa J. Anderson (New York City)

“If gender diversity, cultural and economic diversity is so important to cultural change, then why is there such a paucity of women and women of color in leadership?” asked Linda Basch, President of the National Council for Research on Women.

Basch, speaking at yesterday’s opening panel for the NCRW’s 2010 Corporate Leadership Summit, The Challenge and the Charge: Strategies for Retaining and Advancing Women of Color, continued with a set of statistics revealing the lack of women of color in leadership positions across corporate, non-profit, government, science, and research arenas. “In the second decade of the 21st century, don’t we all find these numbers unacceptable?”

Basch explained that the tide is beginning to turn – that diversity in corporate leadership is beginning to be recognized as a key to success. “We need to harness this moment.” She continued, “This is a time when those with bold dreams can animate bold dreams in all of us.”

The panel, moderated by CNN Anchor Soledad O’Brien, featured Glenda McNeal, Senior Vice President and General Manager, Global Client Group, Merchant Services Americas, American Express, Aynesh Johnson, Managing Director and Global Head of the Office of Global Leadership and Diversity, Goldman Sachs, Joyce Chang, Managing Director and Global Head of Emerging Markets Strategy and Credit Research, JPMorgan, Nellie Borrero, Global Human Capital and Diversity Lead, Accenture, and Carla Harris, Managing Director, Morgan Stanley Investment Management. The women discussed challenges faced by women of color in the corporate arena, and strategies for success.

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