A majority of executives believe gender diversity in leadership is linked to better financial performance, but companies take few actions to support women in the workforce.
As the number of women participating in the workforce grows, their potential influence on business is becoming ever more important. Seventy-two percent of respondents to a recent McKinsey survey believe there is a direct connection between a company’s gender diversity and its financial success.1 Indeed, the share saying so has risen in the past year, even in the face of continued economic turmoil.
Yet companies have not so far successfully bridged the gap between men and women in the top levels of management. This is not surprising, since the survey shows that diversity isn’t a high priority at most companies and that there’s great variability in the number of gender-diversity policies that companies have pursued.
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