Woman with tablet computerBy Jessica Titlebaum (Chicago)

Understanding and breaking stereotypes was a hot topic at the National Center for Women and Information Technology (NCWIT) Summit last week in Chicago.  The NCWIT was established in 2004 with support from the National Science Foundation to increase the amount of women in computing and technology. NCWIT does not consider themselves a women’s network rather a change leader bringing men and women together to recruit, develop, and retain women in information technology.

One of the speakers at the Summit was Dr. Shelley Correll, a professor at Stanford University who studies how gendered expectations shape the everyday experiences of men and women in achievement-oriented settings. She spoke on the value of understanding biases and stereotypes within the hiring process.

Dr. Correll began her presentation referring to a study about the number of female musicians performing in orchestras. A study co-authored by Cecilia Rouse, an associate professor at Princeton University, and Claudia Goldin, a professor of economics at Harvard University, confirmed the existence of sex-biased hiring by major symphony orchestras and illustrated the value of blind auditions.

According to Correll, females only represented 5% of the musicians that played in symphony orchestras in the 1970’s. When blind auditions were introduced, musicians played behind a screen so the sex of the musician was hidden, 50 percent of the musicians that moved on to the second round of auditions were females.  Today, females make up 25 percent of the musicians in symphony orchestras.

“This study points out two things,” said Correll. “The first is that gender stereotypes bias the evaluations of individuals in ways that are often male advantaging. The second is that these biases can be reduced or eliminated.”

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iStock_000015894701XSmallBy Tina Vasquez (Los Angeles)

“Moms earn up to 14 percent less than women who don’t have children, says a University of New Mexico study.” “Getting pregnant can mean losing your job.” “The devaluation of mothers is at a crisis point in our nation.” These are all excerpts from recent articles about working mothers and while it’s clear why sentences like these are troubling, one fact really brings it home: in 2010, women represented 46.7 percent of the United States labor force and 80 percent of women in our nation have children by the time they’re 44 years-old, which means a majority of women in the U.S. experience mom discrimination at some point in their lives.

Conversations regarding working mothers should be productive and the goal should be to provide new insights, which is why it seems important to shed light on a newly emerging aspect of the mommy wars that appears to be on the rise: senior women with grown children who have little to no patience for younger mothers trying to come up the ranks while raising their young children. According to Tobi Kosake, the reasoning seems to be, “If I didn’t have it easy, why should you?”

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Leader with team in backgroundBy Melissa J. Anderson (New York City)

According to a new study by Treasury and Risk magazine, twice as many women as men in finance (80% versus 41%) see a glass ceiling for women in the corporate space.

This is only one of the notable divergences in views between men and women about gender in the corporate workplace. For example, the study also revealed that women are generally dissatisfied with corporate efforts to promote senior level diversity – only 43% of women would give their company’s initiatives an A or B grade, while 80% of men would.

But while it’s clear that more women see challenges to their advancement than men do, times are changing. In fact, the percentage of men who do acknowledge that there are unseen barriers to women’s advancement is increasing at a rapid rate. The percentage of men who do acknowledge a glass ceiling has increased significantly since just last year when it was only 29%.

Is it this just a statistical quirk, or does it mean times are changing for women in the industry? Either way, the vast difference between male and females regarding fairness for women in the industry is alarming. Despite (or maybe because of) decades of work to promote diversity in finance, the majority of men do not believe there are hidden biases that prevent women from advancing as quickly as they do – and this could be a barrier in itself.

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iStock_000009286763XSmallBy Robin Madell (San Francisco)

You’ve just found out that you’re receiving a promotion—along with the extra hours that it entails. Or maybe you’ve been asked to join a new firm, or tackle an assignment abroad. While new career opportunities are cause for celebration, they can also raise complex work/life issues that need to be resolved with family members, particularly your partner or spouse.

Major job changes, while exciting, can also be risky—sometimes even more so for partners and other family members than for the person with the opportunity. Therefore, it can be difficult for ambitious women to announce to their significant other that they are considering a risky career move.

With a PhD in molecular medicine and leading a team of scientists, Teresa Bryan had been on the rise in the biotech industry. Yet she wanted to start a family-owned business. Because the change would entail giving up her current earning potential, as well as career growth and experience in her industry, Bryan was afraid such a drastic and high-risk career change would not be well-received by her husband. She describes the process that she went through in discussing the possibility with him:

“We found it best to talk things out and put all the pros and cons on the table. We also were sure to be completely honest with one another regarding expectations and pitfalls. We knew that we’d be losing a large source of income, likely need to delay having a child, have insanely busy work and travel schedules, and would need to drastically reduce our discretionary spending. But, we were also gaining the opportunity to be in control of our future—this was the most important benefit for us.”

Bryan says the most critical point was to get her husband on board with 100% buy-in to the commitment. “We agreed that this was the risk we wanted to take, and understood the implications,” says Bryan. “He was highly supportive since he realized the new career move was in the best interest for our family.”

Not everyone’s situation goes as smoothly as Bryan’s. What are the best strategies to handle this possible communication powder keg to ensure the best possible outcome for all involved? Read on.

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iStock_000007925551XSmallBy Melissa J. Anderson (New York City)

Recently, Marie Claire published an interview with Sallie Krawcheck, one of her first since her ouster last fall from Bank of America, where she was President of Global Wealth and Investment Management.

Krawcheck expressed her dissatisfaction with programs designed to develop women. She said:

“But if you look around Wall Street and corporate America, we’re putting women on diversity councils; we’re putting them in mentoring programs; we’re giving them special leadership training, telling them how to ask for promotions — but we are not promoting them. My goodness, we’re just making women busier. There needs to be a rethink about how to make them successful in these organizations.”

So-called “fix the women” approaches amount to little if companies aren’t willing to address the systemic, cultural reasons keeping women out of top jobs.

It’s about changing attitudes – and that’s much more difficult to manage than setting up networking or development initiatives.

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iStock_000004512689XSmallBy Melissa J. Anderson (New York City)

More control over work arrangements – that’s what 30% of senior-level Wall Street women said they would negotiate for besides money if they were starting a new job. This question was posed in a survey of over 550 high-level Wall Street women who were invited to attend last week’s Wall Street Women Forum®, a half-day, invitation-only conference.

Following more control over work arrangements, 27% said they would ask for responsibility for key clients, and 22% said they would request a seat on a key committee or task force. The findings of the survey fell in line with a key theme of the conference – women are seeking more power over their schedules, their workload, and their companies.

On the other hand, almost nine out of ten (87%) respondents agreed with the statement, “Men are paid for potential while women are paid for performance.” When the results of the survey were revealed, many women at the Forum nodded their heads in agreement. Women are working in a system that gives an advantage to men, simply for being men (although 19% said that while they agreed with the statement in general, it didn’t necessarily apply to them personally).

During her keynote discussion, Mellody Hobson, President of Ariel Investments and Chairman of the Ariel Investment Trust, said she felt senior-level women should be more vocal about the state of gender inequality on Wall Street – although she acknowledged that the economic environment makes that difficult.

“I’m a glass half full girl. I’m an eternal optimist and I feel like we’re going backward,” she said, referring to the disproportionate number of layoffs of top women during the economic crisis. “I think because of the crisis, everyone wants to keep our place and we’ve gotten a little quiet.”

She added, “We have to be more explicit about what’s at stake.”

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iStock_000013865591XSmallBy Melissa J. Anderson (New York City)

Earlier this month the Masters reminded us of the not-so-subtle bias that women continue to face in the corporate space. Even when they have reached the highest echelons of business, women still contend with outright barriers to networks of power.

And make no mistake, golf and business go hand in hand. Golf has long been the game of business people. It has social cache, while at the same time, it’s not too physically demanding. It’s good for building the rapport, conversation, and friendly competition at the core of strong business relationships.

But, the majority of women avoid the game, and, according to Leslie Andrews and Adrienne Wax, the authors of the newly published book Even Par: How Golf Helps Women Gain the Upper Hand in Business, they’re missing out on the opportunity to build strong relationships that can help advance their careers. “Golf is a great way to build relationships with clients, prospective clients, people within your company. If you can talk about golf, all of the sudden, you have a reason to talk to the CEO or your boss two levels above you,” Wax explained.

She added, “It’s not only our point of view, but statistics support the fact that golf has significant advantages to businesswomen.” She pointed to a survey by Mass Mutual of 1,000 woman who played golf. “Seventy-three percent agreed that playing golf helped them build relationships and network for business,” she said.

Golf can be a tool for advancement, but given its historical and sometimes current practice of outright discrimination, should women bother? Does learning to play golf to help your career mean assimilating to a boys’ club culture of business, or is it about taking control, using every tool at your disposal to get ahead? It’s a tricky topic.

One thing’s for sure – considering the rising clout of women in the corporate space, maybe golf needs women more than women need golf. “I can’t think of a man in business who wouldn’t want to network with Virginia Rometty,” Wax remarked.

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iStock_000016828754XSmallBy Melissa J. Anderson (New York City)

“How many of you are feeling this tsunami feeling… that things are changing?” asked applied futurist Faith Popcorn during her keynote talk at Catalyst’s 50th Anniversary conference last week. Popcorn gave examples like Time Magazine’s recent cover story “The Richer Sex,” which suggests that 40% of working wives now out-earn their husbands, and last summer’s much-talked about article in The Atlantic, “The End of Men.”

Articles like these point out that the majority of college graduates around the world are women or that girls tend to perform better in school than boys. They claim that it’s only a matter of time before women become the dominant gender at home and in the workplace. They imply that we are on the verge of a zero sum ascendency of women. Really?

This kind of dialogue shifts our focus away from the here and now, the present, when women still earn less money than men for doing the same job in every industry, when women are still only 3.4% of Fortune 500 CEOs, when women are still pushed out of the workforce and can’t get back in after having children, when women’s career dreams are still hampered by a societal belief that they are and should be less capable leaders than men.

The “end of men” rhetoric is aggressive and provocative. Rather than creating value, it sets us up for a fight with those who do not yet understand how inclusiveness can help companies and governments perform better, and will not agree with the urgent need address the issue. Or they simply don’t believe there is still an issue to address.

The “tsunami feeling” of change that Popcorn talked about is a great way to rally women, but without also acknowledging the headwinds we have to contend with, women will not be able to make much headway today – or, for that matter, tomorrow.

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Cheerful business woman with blur team in meetingBy Melissa J. Anderson (New York City)

This week marks the one-year anniversary of the report by Lord Davies of Abersoch on women in the UK boardroom, which argued that companies should take action now to increase the number of female board directors. The report called for a target of 25% women on boards by 2015. In order to do this, it suggested, 33% of board appointments would have to go to women over the next year. The Davies report catapulted the issue of boardroom gender diversity into public discourse and for the past year, companies have been urged to diversify their table of power.

This week Lord Davies released “One Year On,” a review of progress made over the past year, in conjunction with Cranfield School of Management’s annual “Female FTSE Board Report,” revealing that many UK companies have stepped up to the challenge.  Davies wrote:

“In the three years prior to my report the number of women on boards had effectively plateaued, stalling at less than a single percentage-point rise year-on-year. Over the past year, however, we have seen the biggest-ever reported increase in the percentage of women on boards.”

Research produced over the past year had shown that companies were not making progress fast enough to meet Davies’ 2015 target – but a twist in the data indicates that the UK may just meet that goal. He added, “…should we maintain this momentum we would see a record 26.7% female board representation by 2015. This is great news, and demonstrates how a voluntary business-led approach can work.”

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iStock_000001256887XSmallBy Robin Madell, San Francisco

Leaving a job by choice in the current economy is a difficult decision to make – particularly if you’ve already got a pretty plum position. But sometimes, it’s just time to move up. “I have many 3 A.M. moments,” admits Lisa Murray, who spent over seven years at international law firm Brown Rudnick LLP before opting to launch her own marketing firm. “Many friends and colleagues have said that my move was courageous, but I sometimes feel it was pure insanity.”

Sometimes others question the judgment of women who try something different. “I stepped off the corporate racetrack, closed the door to my big job as a vice president in financial services, and walked out the door,” says Marcia Mantell. “Everyone was shocked and wondered if I was crazy.”

Yet though it may seem counterintuitive and risky, many women who have spent much of their career as captains of industry in finance, law, technology, and other businesses find themselves doing just that. Women choose to leave for a variety of reasons, from office politics and inability to execute their ideas within the corporate structure, to poor work/family balance or the desire to just try something different.

Whatever reason drives their transition, it’s a decision that few take lightly. Parting willingly with a stable job and steady paycheck is a different experience than reacting to an unwanted layoff. It requires a leap of faith to be the driver of the choice to upend your career, family, and financial life in exchange for an unknown future.

Here are three things to keep in mind about how to land on your feet when you leave under your own steam.

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