WIL sponsors Louisville area McKenzie Study event, "Women in Leadership".

posted Jul 9, 2013, 12:41 PM by Rebecca Lieber   [ updated Jul 9, 2013, 1:04 PM ]

Women Influencing Louisville was delighted to sponsor a McKenzie Study on Women in Leadership at Brown-Forman on June 25th. The event was attended by over 60 local business men and women from Brown-Forman, UPS, Yum Brands, Ernst & Young, Humana, GE, US Bank, and Frost Brown Todd. The study was focused around one central question, “Why are great numbers of women entering the work force, but few are moving upward in their positions?”. Sixty companies participated in the study, 54 of which are Fortune 500 companies, and the results were startling.  

Key Findings:

            ·          84% of women in top positions had childrenà women do not have to choose 

                between having a family or a career.

            ·          51% of working women say they are primary caregivers and breadwinners

                versus 37% of men

            ·          Evidence shows that it is when women have small children that the careers of

                men and women diverge and go different directions.

            ·          Men take more risks in their roles.

            ·         Women tend to have an expectation of recognition for their work.

            ·         Women tend to want to advance but not to the very top.

The key take away from the study was that in order for women to truly succeed in the workforce, the overall business model must change. Companies must have top-level accountability for gender diversity goals, create opportunities for women to build experience early in their careers, and focus on consistent talent process execution across the organization. It was a great educational and networking session to build awareness and help our women leaders continue to influence our business strategies for women.