How do we get women into positions of power? Statistics say that S&P 500 companies have only a very small percentage of women in C-level positions. What does that say about the progression of our country when it comes to gender diversity. Even on that note, making companies more ethnically diverse can outperform other companies by a whopping 35 percent. Companies that were incorporate more gender diversity would benefits by a 15 percent performance boost. There are a lot of support groups for growing women business owners. There are initiatives that gather women together to speak of their plans, make connections, and share their stories. That is great and all, but it is not going to solve the bigger problem of simply getting women into leadership positions. The solution is to get powerful women to mentor budding business women or women entrepreneurs. Give the women in leadership roles intensive to help other women succeed. They need advice, leadership, and opportunities to grow in their desired field. Also, get men on board to help by supporting these women. It’s a win-win for everyone who is invested in making the businesses more gender diverse. Only a quarter of women in the world hold senior positions in companies. It is time for that to change.
Susan McGalla is an expert consultant, successful businesswoman, and entrepreneur. At her business, P3 Executive Consulting, LLC, she helps clients with talent management, branding, operational efficiencies, branding, and much more.
McGalla works for The Pittsburgh Steelers as their Vice President of Business Strategy and Creative Development. She started in February 2015 and is still going strong. She also has worked for other big retail chains in high level positions at American Eagle Outfitters and Wet Seal Inc.