By 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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Stepping Up and Into Power
Office PoliticsA cocktail of cultural, systemic, organizational, as well as personal impediments hinder women’s progress in attaining executive positions and yield woeful statistics.
Women:
But some women do make it through this course of cocktails and do so while remaining true to who they are and standing on their feet. Therein lies the hope that by discovering an spreading knowledge about how to run the course and break through previously unbroken records, or ceilings in this case, more women will step up and into power. When they do so, they will transform their organizations and culture of business, which is a key lever for societal change.
To this end, we seek, find, and pay forward breakthrough wisdom and are currently conducting research to discover:
In Phase 1 of our study, 214 businesswomen shared their candid views on power. In phase 2, women in executive clout positions reveal and pay forward the beliefs, strategies, and behaviors they employed to earn those roles.
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Science and Engineering: An Equal Playing Field for Women?
Managing ChangeHistorically, the work of women scientists and engineers in academia has been downplayed and undervalued by their male counterparts. Consequentially, such treatment has resulted in talented women leaking out of the science and engineering pipeline to pursue other endeavors. As women transition out of these fields along the pipeline, few are left to hold top ranking positions.
The lack of female role models and the presence of gender bias have made it difficult to convince young women to dedicate their professional careers to fields where they will be marginalized and undercompensated. With half of the United States’ population severely underrepresented within the science and engineering academic profession, it all too clear that these fields are not maximizing on their innovation and economic growth potential.
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Voice of Experience: Kim Bozzella, Group Head of Technology Americas, UBS
Voices of ExperienceKim Bozzella, UBS‘s Group Head of Technology in the Americas and Chief Operating Officer reporting to the CTO, is enthusiastic about recruiting more women into technology – and making sure women have the confidence in their abilities that they will need to find success in the field.
She advised women to “find a role that plays up their strengths. There are fewer women role models, so make sure you’re good at what you do and stay focused. As women, we should not feel we have to compromise our leadership style to be successful. Stay true to who you are and take responsibility for your own career.”
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Study Shows Slow Growth for Diversity Efforts in Law
Managing ChangeBy Melissa J. Anderson (New York City)
A recent report by the Institute for Inclusion in the Legal Profession has revealed that while plenty of law firms and corporations are talking up the business case for diversity, real progress in terms of diversity and inclusion in the legal profession is moving very slowly.
But, Sandra Yamate, Executive Director of the IILP, said that the fact that so many firms and companies were eager to participate in the study, shows some steps toward progress. “The legal profession remains one of the least diverse in the country. And what was really fascinating about this study is that for the first time, we’re getting some hard numbers. For the last few years, the evidence has been so anecdotal.”
While the study showed progress isn’t moving fast enough, it also pointed out several areas where diversity and inclusion efforts can be improved, as well as potential solutions.
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Ask-A-Career-Coach: How to Get That Raise
Ask A Career CoachDear Ann:
I need your advice about how to start the conversation about getting a raise at work. I was recently reassigned, and that has increased my workload and requires way more of my time. I feel like I am doing more work, and I am not being compensated well. Add to that, I personally know that my colleagues (who have less responsibility than I do) get paid more money. Please help, what do I do?
Yolanda S.
Dear Yolanda:
Your situation brings me back! I faced the same situation in my first job after finishing my PhD coursework at New York University, before starting on my dissertation. I took a job as editor of a trade magazine, to start paying off those student loans. I enjoyed the work; it didn’t pay very well, but nothing in journalism ever did. Then one day I found out that the worthless advertising guy, fresh out of college, who spent most of his day gossiping his way from desk to desk, made more money than I! At that very moment, I left work for the day, stopped at the drugstore downstairs to buy a notebook, and went to the research library to begin my dissertation.
But I bet you’d rather get a raise.
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Balancing Elder Care and a Career
Work-LifeElder care is a modern fact of life. Just as women are reaching leadership roles in their careers, and developing a keen sense of their own worth and power in the workplace, many find themselves unexpectedly thrust back into the role of caregiver. A professional career woman, accustomed to a certain level of order in her life, is often unprepared for the significant demands that caregiving for a parent or elderly relative requires.
Gail Sheehy, author of Passages, wrote about “The Caregiving Boomerang” and struck a resounding chord with thousands of women caregivers. She wrote:
Caregiving often leads to significant disruptions in a woman’s work/life balance. Caregivers experience higher levels of stress, have more health issues themselves, and report more conflicts with other family members or colleagues. Typically, this added burden leads to absenteeism at work, or an inability to fully focus on the job. According to the MetLife Caregiving Cost Study, US companies lose up to $33 billion each year, as caregivers attempt to balance their careers and the needs of their family members. The high costs of absenteeism and lost productivity impact the bottom line, and many companies are starting to pay closer attention to recent trends in senior care that may assist their employees.
Employees, on the other hand, need to be upfront about issues that are affecting their productivity and ask for assistance before their job performance suffers. The benefits described below can help a caregiver balance the many different responsibilities she has.
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Voice of Experience: Mary Cecola, CIO Asset Management Business Solutions, Deutsche Bank
Voices of Experience“I started my career as an Assembler programmer 23 years ago and wanted to be technically focused, but discovered that I had a innate talent for leadership and management,” explained Mary Cecola, Head of Asset Management Business Solutions at Deutsche Bank.
For 20 years, Cecola has built her career in the Technology space. She has relied on her interest in building strong teams to keep moving forward. “There have been so many moments throughout my career – so many challenges – that made a difference. And there have been a myriad of accomplishments with my team,” she said.
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5 Reasons to Continue Volunteering at Every Stage of Your Career
Women and PhilanthropyMany women who are featured or profiled on The Glass Hammer have sung the virtues of volunteering – from serving on non-profit boards to working in soup kitchens, many women are breaking the glass ceiling while taking part in philanthropic efforts.
Some have described how volunteering has helped their careers, and some have discussed how volunteering has helped them grow closer to their families. And still others have explained how volunteer work can help build the next generation of female leaders.
Why should professional women consider volunteering? Here are five voices from The Glass Hammer on what volunteer work has done for them.
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Board Diversity Slipping: Is It Time to Name and Shame?
Industry Leaders, LeadershipReleased last week, the 2010 Alliance for Board Diversity Census revealed some discouraging news. Despite the efforts of many organizations to highlight the importance of board diversity, despite the overwhelming business case for diversity of thought in the boardroom, and despite the high-level push for shareholder education on the value of diverse boards, today we have less diverse boards than we did six years ago.
Many people anticipated that the effects of the global recession would illuminate the fact that business as usual isn’t working. But, according to the ABD Census, boards have gotten whiter and more male.
As Janell Ross wrote in the Huffington Post last week, “The pattern raises questions about corporate America’s commitment to diversifying corporate boards and the efficacy of decades-long efforts by advocacy groups to reshape them.”
Despite the best efforts of outspoken organizations, companies continue to keep women and minorities out of the boardroom. And while ABD does highlight those companies that have achieved relatively high levels of diversity (although only a handful of Fortune 500 company managed a diversity level of 50% or more), it also published a list of 37 “stale, male, and pale” Fortune 500 companies that are failing the diversity imperative abysmally – with zero female or ethnically diverse board directors.
Most board diversity advocacy efforts have been focused on the carrot – explaining what companies can gain by improving leadership diversity (studies show that board diversity improves business). But what the report seems to show is that it’s time for the stick – naming and shaming those companies that stubbornly refuse to elect anyone but white men to the board.
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Five Tips for Developing Gen Y Women
Featured, Next LevelRecently 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.
Read more