Tag Archive for: women executives

Guest Contributed By Melissa Henderson, Summit Executive Resources.

Image via Shutterstock

Image via Shutterstock

According to the Pew Research Center, women represent a meager five percent of CEOs in the U.S. and only 17 percent of board members for Fortune 500 companies. That is despite the fact that women make up almost half (47%) the labor force.

Clearly, women executives’ upward mobility to become leaders and high echelon executives has been sluggish. For decades, many companies have largely used the same recruiting techniques. Not surprisingly, these methods duplicate past results, often placing men in the power positions. But, putting aside the structural, operational and human issues that prevail, there is still room to achieve your career goals more effectively.

Overcoming the Hurdles Women Executives Face

Here are five ways to take control of your career:

1) Understand Your Value Proposition

Women who think that offering gender diversity alone will open doors fail to develop convincing value propositions. To gain traction, crystallize the unique value you offer and brand it. That requires an extensive review of skill sets and domain expertise. It also means looking at sought after experience—operational, profit and loss, and global business know-how. Finally, women executives need to understand the market and where they can best meet organizational needs.

2) Overcome the Confidence Conundrum

Studies have shown that men have a tendency to overestimate their intelligence while women underestimate theirs, giving men an edge in confidence. Since we have a tendency to confuse confidence with competence, men more often to appear to have the qualities needed for leadership than their female counterparts.

Be confident in your abilities.

3) Network Authentically

Women mostly place a high value on authenticity, which is good. Many people, however, view networking as an inauthentic activity. Some women with this view are reluctant to attend networking events even though such gatherings can be important to their careers. Consequently, while men still flourish in the old boy’s network, women often fail to build mutually advantageous relationships. So become an authentic networker, and benefit from professional connections.

4) Beware of Your Own Unconscious Preference

Even outside of networking, you might expect women to give each other a helping hand. Women, like their male counterparts, however, unconsciously favor men when hiring. In blind studies, when resumes are presented without names, women with stronger qualifications than men are preferred. Yet if names are included, men are more likely to be favored.

5) Find Recruiting Methods that Reduce Bias

Boards often nominate new members from their old boy’s network. Meanwhile, human resource executives continue to turn to retained executive search firms for board and C-suite positions. Search firms are inclined to dip into the same pools, again and again, delivering the same old candidates. So as they fall into their old ways of recruiting, companies get more of what they have always had — men in power roles.

Women who want to crack the glass ceiling will find an executive agent to be a valuable resource. An executive agent works with them from the start of their search until they reach their goals. The process begins with questions about why a woman wants to serve on a board or to attain a C-level position and what she offers. As long as she has the passion and expertise to add value to an organization, the agent will be able to assist her.

An agent will use proprietary assessments, which are objective and eliminate gender bias, to define and validate a business woman’s unique value. They then help create her brand target the best-fit organizations. This service puts women in the driver’s seat, opening up opportunities that previously might have passed them by. That’s because their target organizations would have simply gone to executive recruiters who revisit their old networks that are heavily dominated by men.

Positive corporate results clearly show that women should be making gains in the boardroom and executive suite. However, in the top positions, they remain far outnumbered by men. To some degree, traditional recruiting methodologies hold them back. The good news, however, is that women executives can do more to achieve their potential. They can create stronger value propositions, build their confidence, network effectively and assist other women to succeed when appropriate. Also, they can explore recruiting options that will help them to open the right doors.

Bussiness woman with laptop and ironby Liz O’Donnell (Boston)

Who’s really keeping women out of the executive suite — the man in the boardroom or the man in the bedroom?
 
Women hold only 15 percent of all board seats and more than half (68 percent) of public corporations still have no women among their top compensated executives. Women are still earning, on average, only .78 cents for every dollar a man earns.
 
The men running companies certainly have some accountability. In addition to blatant discrimination such as pay inequity, there are also many micro inequities and hidden barriers in the workplace that affect women and challenge their opportunities for advancement. Advocates for working women say companies should adopt women-friendly policies such as mentoring programs, flexible schedules, better childcare and telecommuting programs. But all the flexibility in the word isn’t going to help if the men at home don’t adopt new policies as well.

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linda_cook_cut_out.jpgby Caroline Shannon (Dayton, Ohio)

Early last week, Linda Cook, one of just two women on the Royal Dutch Shell board of directors, announced her decision to step down from her position at the company. The reason? Cook, a 29-year veteran of the company, was nixed for consideration as Royal Dutch Shell’s new chief executive officer, a position that is currently held by Jeroen van der Veer. The top spot will instead be filled by Peter Voser, the company’s current chief financial officer.

Cook’s relinquishment means she will be giving up the $1.26 million loyalty bonus she would have received had she stayed on board until 2011. Now, no one is suggesting the making of anti-men propaganda. The company said Ms. Cook left as part of a mutual agreement and will continue to advise the company until her new successor is implemented.

Instead, the real concern is the economic recession and the steadily declining tally — better known as women in the workplace — that is following close behind. But can the two be linked? Marilyn Tam, a global corporate consultant and executive director of the Us Foundation, says while it may be subconscious, the pair show a definite relationship. “In times of crisis people often revert to what they are most familiar with,” Ms. Tam said. “In the case of corporate America that frequently would mean that people gravitate towards people who look and think like themselves. Since the predominant number of top positions are filled by men, this can place women business leaders in a vulnerable position.”

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