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Technology Enabled Learning Excellence Essentials January 2015

Women Need Coaches In workplace, and in school By Larraine Segil Giving scholarship money is a truly valuable donation. But, it’s not enough. Advancing women in business with money alone doesn’t seem to be achieving our goals to generate leaders in business. Women are still seriously misrepresented in the C-Suite and the boardroom where our incremental increase in women in leadership positions is, to put it bluntly, pathetic. Research by Catalyst shows that only 14.6% of executive officer positions were held by women --- making it the fourth consecutive year when there has been no year-over-year growth. Women held only 8.1% of top earner slots --- again no change from prior year. And, from 2004 to 2012, the percentage of female directors at Fortune 100 companies increased a mere 2.8%, rising from 16.9% to 19.7%. {Al-liance for Board Diversity, “Missing Pieces: Women and Minorities on Fortune 500 Boards 2” (2013)} Of course, there is no single reason for this stagnation. But the lack of coaching for women is undoubtedly a significant factor. In a LinkedIn survey of more than 1,000 female professionals in the U.S., 82% agreed that having a mentor is important — but nearly 1 out of 5 women also responded that they had never had a mentor. And, re-search done by Catalyst found that 69% of women with mentors had an upward career move in the following three years, compared to 49% of women with no mentor. Further, 37% of current women executives state that having a mentor was a critical ingredient of their personal success. What’s alarming is that the lack of mentorship isn’t just something we see in the workplace. It’s also rearing its ugly head in school. Believe it or not, women get less mentoring especially in business school --- just because they are women. This disturbing fact was recently proven by research conducted by The Wharton School’s Katherine Milkman, along with Modupe Akinola of Columbia Business School and Dolly Chugh of NYU. Shame on all of us if we do not fix this – and fast! Getting women the coaching they need is the fuel to break through the glass ceiling and drive their growth within corporate America. 20 Submit your Articles Excellence Essentials presented by HR.com | 01.2015


Technology Enabled Learning Excellence Essentials January 2015
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