March Month Focus
During March we are focusing on the inspirational women within our network in a bid to promote gender equality.
Women are still underrepresented at every level in business, and women of colour are the most underrepresented group of all, lagging behind white men, men of colour and white women. Key sectors including tech, engineering and science are still overwhelmingly male dominated and it has been found that girls are less likely to want to go into STE(A)M careers because they know that these sectors are male dominated.
Research has shown that Fortune 500 companies with the highest representation of women on boards financially outperform companies with the lowest representation of women on boards. But a report by McKinsey states that men are not only more likely to ask for promotions and salary increases, but the way they ask also means they are more likely to get them.
We can all experience imposter syndrome but research suggests that it affects more women than men, and women of colour the most. Could it be a lack of confidence holding women back in the workplace?
McKinsey has found that for almost two-thirds of women, microaggressions are common place and women are twice as likely as men to have been mistaken for someone in a more junior role. Microaggressions can come in the form of having your judgement questioned in your area of expertise – 36% of women vs 27% of men, hearing demeaning remarks – 16% of women vs 10% of men and needing to provide more evidence of competency - 31% of women vs 16% of men.
For more than 30 years, women have been earning more bachelor’s degrees than men so why are they still outnumbered in the workplace?
At VERCIDA.com we are supporting women in business by telling their inspirational stories and promoting our client’s gender inclusive features.