iStock_000016000964XSmallBy Robin Madell (San Francisco)

Three percent. That dismal number reflects the number of overall board seats held by women of color directors among Fortune 500 companies in 2011, according to Catalyst’s latest study on Women on Boards.

We may have grown weary of seeing numbers under 20 percent for women’s total board membership—in the United States, the latest figure is 16.1 percent, with the vast majority of countries studied posting even lower numbers. Yet when we scrutinize the data still further, we see that most board seats in women’s too-small slice of the pie—13.1 percent—are held by white women.

In fact, Catalyst’s research shows that when we look at individual companies, almost 71 percent have zero women of color directors serving on their board. Asian women and Latinas are particularly underrepresented when we examine the data for all women directors, holding only 2.5 percent and 4.9 percent of seats, respectively. Black women account for only 11.3 percent of all women directors.

How can we change this situation? Beth Stewart, CEO of Trewstar, which specializes in the placement of women on boards, says that companies need to make adding minority women to boards a specific priority. She explains, “This means that when they come up with a long list of very specific criteria, they need to choose race as the determining factor and not, for instance, supply chain management experience in China. Find that in the next white guy, and accept any type of high level business experience from a minority candidate.”

Stewart emphasizes that this does not mean lowering the criteria, but broadening it. “For example, if you were looking for someone who was a CFO and you find someone who is EVP for Technology, take the EVP for Tech and find the finance person in some other form—or add two directors,” says Stewart.

Other organizations, like the Robert Toigo Foundation, are also hard at work on the problem. Among Toigo’s initiatives is All A Board, a program for connecting boards with diverse candidates.

The program allows women and minority professionals interested in board service to use a free online tool to designate areas of interest and showcase their areas of expertise. The Toigo team uses these profiles to help connect board candidates with public and private companies, nonprofits, and foundations that are looking for leadership talent.

Nancy Sims, president of the Robert Toigo Foundation, also provided advice on what minority and multicultural women can do to improve their chances of landing a board seat—and what companies can do to help facilitate their efforts.

“The pipeline is growing,” says Sims. “But there is more to be done to both prepare women and minorities for board service—and to prepare boards for a change of composition. Creating a bigger supply, or pool of talent, without prompting an increased demand for the talent is only half of a solution. We need both the supply and the demand to expand for greater board diversity to occur.”

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Business teamBy EJ Thompson (New York City)

A coworker of mine, Kate, recently got promoted alongside two other female coworkers, all of whom who had been at the company for the same amount of time. But suddenly, about two weeks after the promotions, there was some internal shifting within the company. Kate was moved laterally to an independent role, meaning she will be reporting to no one but herself. The other two women, on the other hand, are technically on the same level as her, but are still directly reporting to managers. It was, unsurprisingly, a rough couple of days within the department.

Kate was thrilled about this extra move – it was going to give her more time to work on her own projects, really throw herself into them, showing her talent and most likely opening doors for further promotions. For the two other women she had initially been promoted next to though, it was a moment for bitterness, a touch of understandable jealousy, and some resentment that they were not chosen. And this reaction weighed on Kate as well.

Instead of owning her promotion, being proud and excited about the extra boost, she spent the majority of her time worrying about what the other two women were thinking about her. Instead of being proud (yet modest!), what she was mostly concerned with was what the other women were saying about her, what they thought happened, and whether or not there was any way she could correct their misperceptions. Sound familiar? Why do we let lateral anxiety get us down?

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Attractive Asian Businesswoman MeetingBy Stephanie Wilcox (Middlefield, CT)

When was the last time you asked for help at work? If you can’t recall, or if the answer is never, you may be very comfortable in your position and are confident in the work you produce. But there’s more to your career than being good at your job. Don’t be afraid of appearing incompetent or unqualified or putting others in an awkward position. If you haven’t sought out help regarding career progression, dealing with staff, dealing with managers, managing work-life issues, exploring career paths, or any other topic of importance, you’ll need to let that mindset go. Asking for and accepting help can mean career advancement. Here’s why.

1. Asking for help shows you want to do the best job possible.

If you have given a good shot on your own, but want to ask someone for their input on a challenging task, you’re just being thorough. It isn’t incompetence if you’ve already put in a solid effort. Good, insightful questions show you are paying attention and you are informed.

“I believe that, ultimately, career advancement comes from getting to a good answer, getting the work done, and getting the work done right and on time,” says Rhonda L. Lessard, FSA, MAAA, Head of Medical Cost Analytics at Aetna. “If you need to get help to do so, then it supports that goal. If avoiding help means that a poor answer results, or that the work is substandard or late, then failure to ask for help has indeed impeded your career.”

If you are producing good work in a timely manner, it will advance the department and your career development. Consider the alternative: not asking for help when you should be “can be very unfortunate when it stands in the way of producing good work,” says Lessard, who oversees a staff of nearly 100 and answers many career-related questions on a regular basis. “We can’t all know everything, but we all know something and have certain skills that can be, in essence, traded with those around us for the knowledge and skills that they have.”

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Smiling mature business woman in meetingBy Melissa J. Anderson (New York City)

Recently More Magazine released the results of a survey on ambition, work/life issues, and other topics. According to the survey of 500 college educated women over 35, 43% of respondents said they were less ambitious now than they were ten years ago.

The headline that many news outlets and websites ran with was along the lines of “Women are Losing Ambition.”

Well, not exactly.

In fact, the survey revealed quite the opposite. Because, while 43% of the survey respondents said they were less ambitious now than they were ten years ago, the majority (57%) said they were just as or more ambitious today.

I repeat: the majority of women in the survey said they were just as or more ambitious now than they were 10 years ago. Amazing what insight you can gain by shifting your perspective.

It is curious that so many ambitious women’s voices (the majority!) have been ignored. Why is it easier to pretend that ambitious women don’t exist?

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iStock_000004699538XSmallBy Melissa J. Anderson (New York City)

Last week, BritishAmerican Business Women’s Network hosted a discussion on how women can access promotion opportunities in the tumultuous economic atmosphere. The panel, hosted by KPMG, featured Ana Duarte McCarthy, Managing Director and Chief Diversity Officer, Citi; Claudia Saran, Practice Leader – People & Change, KPMG LLP; Lareina Yee, Partner, McKinsey & Company; and was moderated by Leann Balbona, KPMG Network of Women Leader, Managing Director, Tax – International Executive Services, KPMG LLP.

Yee opened the event event with an overview of McKinsey’s Women Matter [PDF] report, which measured the views on gender diversity of about 1,500 business leaders globally. “There are enormous reasons to be very proud of where we are and be happy with the progress we’ve made.”

But, Yee said, we shouldn’t rest on our laurels just yet. For example, she explained, without the advances women have made in the workplace since the 1970s, today’s GDP would be 25% smaller. How much bigger could it be if we achieved gender parity in leadership? Considering the current economic circumstances, this question is growing ever more salient.

“The contribution of women undoubtedly matters,” she said. “If we’re going to get out of this economic funk, we’re going to need them. And we’re going to need them for a long time.”

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Hiring - Happy business woman offering you a handshakeContributed by Mariana Ashley

Everyone with any interviewing experience knows that before an interview you must do some research. Look into the company or organization you are interviewing with. Learn their mission and their interests. Read about the position that is available. Study as much as you can about the bosses and supervisors. While most everyone knows to prepare for an interview, many still fail to prepare for one crucial part. At any interview an interviewer is going to ask if you have any questions. You should always have some prepared and educated questions to ask your employer. Looking for a job is a stressful time in any individual’s life.

But with the pressure to land the position and get the paycheck, many interviewees fail to remember that an interview is a two way process. You are interviewing your potential employer just as much as that potential employer is interviewing you. The following are five essential questions every interviewee should ask during an interview.

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

Recently Business and Professional Women’s Foundation launched a project to build a framework through which to view the choices Gen X and Gen Y women make in the workplace – the Young Careerist Project. And last week, BPW Foundation released the results of its focus groups on Gen Y women specifically.

Dr. Sheila Barry-Oliver, BPW Foundation Board of Trustees and Research & Education Committee Chair, explained why this research is important. She said, “Women represent 46% of the Generation Y workforce, which by 2025 will represent 42% of the US workforce. Given the size of this segment of the future workforce, it is critical that employers understand the career choices and challenges of Generation Y women, which are different from prior generations. With this insight, employers can adjust their policies as necessary to ensure the pipeline of talented women remains robust and thus maximize the contribution of Gen Y women to the US economy.”

She continued, “We believe that our initial qualitative research provides some insight but we are following up with a detailed online survey to gain greater insight.”

Young Careerist Project research consultant Kara Nichols Barrett explained, “We asked ‘how does Gen Y define work and work/life balance, perceive intergenerational workplace dynamics, and experience gender in the workplace.’”

Nichols Barrett continued, “I would describe Gen Y women as anxious super-women. We’ve been told all along that we can do anything, and yet we recognize that there are limits, and the workplace is still different for men and women.”

As these women begin to take on more responsibilities in the workforce, the information revealed by the Young Careerist focus groups can provide valuable advice for managing, mentoring, and developing them into effective leaders.

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By Melissa J. Anderson (New York City)
iStock_000000227687XSmall
“The public seems to hold the belief that the fight for parity has been won,” said Sara Manzano-Diaz, Director of the Women’s Bureau at the United States Department of Labor.

She continued, “We know that’s not the case.”

Manzano-Diaz spoke Monday afternoon the National Council for Research on Women‘s panel discussion on building the pipeline of women for leadership in the public, private, and non profit sectors. Linda Basch, President of the NCRW explained, “Today we’re exploring a particularly vexing problem… the stalled pipeline to women’s leadership.”

“When I run into young women today… many think the world is their oyster and that anything is possible,” she continued. “But a few years out, I see some frustrated and demoralized young women.”

Statistics show that females are outpacing males at almost every level during their education. Yet, women drop off the career path in their early 30s in startling numbers. The result is that only about 15-18% of leadership roles in the United States are held by women. The panel discussed possible reasons why larger numbers of women are not making it to the top layers of the leadership pyramid, while highly educated and capable women are in no short supply at its base.

One key issue panelists settled on is resilience – that today’s young women are unprepared to face adversity.

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Feminine Business 2By Hua Wang (Chicago)

Women face a variety of obstacles in their efforts to advance to upper management. The majority of upper management are made up of men, and bosses tend to promote people like themselves. The absence of performance feedback, mentoring and formal career guidance can further hinder women’s career progression. Below is a guide to the five questions women need to ask in order to get the next promotion.

How Do I Talk About My Strengths?

Bragging is often seen as a dirty word, but effective self-promotion can significantly help you land a coveted job or advancement. Due to cultural factors, many women are uncomfortable with taking credit for their accomplishments and fear that touting themselves may backfire.

During job interviews, for instance, men are much better than women at crisply describing what differentiates them. Women should know what the choice assignments are, speak up for them, and let influential people know what they’ve done.

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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.”

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