Matthias Siems – The Advantages of Women in Business
From Price water house Cooper to Disney and L’Oreal, organizations across industries are seeking to prioritize and benefit from a diverse and inclusive work environment.
Both genders will have different backgrounds and experiences that influence their business approach. Engaging with each other and working with individuals who think differently can enhance creativity. Help to develop new ideas that propel companies to the next level.
Women Excel in The Soft Skills Necessary To Be Successful Business Leaders:
Although technical abilities and knowledge are essential to a successful career, CEOs frequently mention soft skills as their most desired professional qualities. While traits like the ability to communicate effectively, empathy, and self-awareness. Recent research has revealed an association between quality of character and the performance of businesses. CEOs with high ratings for traits like compassion and integrity also achieve an average of 9.35 percent on assets over two years.
Emotional Intelligence And Soft Skills:
Matthias Siems – these could be significant advantages for females working in the business. A study was released in 2016 by the international consultancy company Hay Group. They found that women surpass men in the 11 most important emotional intelligence competencies. These skills included self-awareness of emotions and empathy, conflict management, teamwork, flexibility, and adaptability. All necessary skills to lead effectively at work.
Women Have Enormous Economic Power And Provide Important Information About The Consumer:
According to Matthias Siems – just 11 percent of creative directors in advertising are women, up from 3% in the year 2008. In 2008, when Boston Consulting Group did an extensive analysis of the “female economy .”Unsurprisingly, they found that women feel marginalized and unappreciated by the market. With the potential of female consumers at heart, it’s evident that women are the best in a position to take advantage of that opportunity. Bring valuable insight from the consumer on the market.
They are exploring the wisdom that men and women have to offer. These can help make the products or services appealing to buyers and make a business more profitable.
Women’s Challenges in Business:
Matthias Siems – Although various industries show signs of an increasing number of female workers in STEM (science, technology, science, engineering, mathematics, and science) sectors, women comprise just 24 percent of all workers in the U.S. and less than 15 percent in the U.K.
The under-representation of women in STEM could be due to the perception that a passion for “hard science” is unfeminine. However, STEM careers are expected to rank among the most rapidly growing and highest-paying. It’s crucial that women feel confident to acquire the necessary skills and be open to the opportunities provided by careers in technology, science, and related fields. Organizations such as The National Girls Collaborative Project and Girls Who Code. These are working to encourage women to study engineering and computer sciences and to eliminate the gender disparity in STEM fields.
Workplace Gender Bias:
Matthias Siems – Many executives believe that the most qualified person, regardless of gender. It is chosen for the job, but it is evidence of women who have more success. Using a man’s name or gender-neutral on their resumes proves that biases are still present.
Women who have or seek to qualify to lead roles are often concerned that they are under much scrutiny. At the same time, men are often taught to be bold and assertive. Women are taught from an early age to appear “bossy .”Underlying gender bias means the same behavior and characteristics of initiative, passion, and taking charge. It is interpreted differently by men and women in the workplace.
Women Are Not As Effective When it Comes To Negotiations Over Salary:
According to Matthias Siems – women’s reluctance to request more money is frequently cited as the gender wage gap. When a study was conducted on salary negotiation, an average of 68% of women agreed to the pay they were offered. In contrast, almost half of the men interviewed negotiated before taking on a job. Additionally, the results were typically less than favorable for women who attempted to negotiate their initial payment.
It’s a fact that males have higher confidence in their abilities when they position themselves for leadership positions or negotiate salaries. Highly successful women are prone to “imposter syndrome,” feeling insignificant and underestimating their worth. Women who believe in their worth and demand pay that reflects this are significant steps toward closing the wage gap. As well as, a better understanding of pay could aid in leveling the playing field.