REPOSTING: Corrected version for Men as Allies. We apologize for any inconvenience.
Does gender partnership hold the key to gender equity and gender equality in the U.S. workplace? How does shared responsibility for leadership catalyze change in organizations and share the challenges and opportunities that lie ahead as we try to operationalize this idea?
The stats are telling; the players may have changed but the plot has not. Companies are making lots of efforts to support women and help them get a seat at the table. There are programs galore. But the results are disappointing and fatigue is beginning to set in. Here are some examples:
So why engage men? There are many reasons.
Fortune 500 companies with gender-balanced representation consistently outperform those that don’t
They survive economic downturns better and at a greater rate than those that don’t. Companies with the highest % of women directors show return on equity (ROE) outperformance of 53% Our own NAFE top 25 companies for women report 34% higher profits than those in their industry who don’t make our list
So why engage men? Men are usually the decision makers. Sad to report that it’s an undisputed fact that women are the minority at the decision-making levels. Male decision makers need to become engaged and hold themselves accountable for the outcomes.
So what are the big challenges?
So my call to action and challenge to all of your companies is to engage men and change the mindset. We must reframe the Advancement of Women from a HR issue or a corporate social responsibility effort to making it a core business strategy that can drive innovation, mitigate risk by reducing group-think, and drive a higher return on equity (ROE).
A recent Wharton Study on equity gaps showed that of the sales and brokerage roles examined, men were provided a leg up, a greater edge and opportunities to succeed;
During my 20 years as head of Global Diversity at Merrill Lynch, we set out to identify the key male allies for our top 50 women leaders in Investment Banking. We asked for three names from each woman leader and expected to get up to 150 names. We expected some duplicates and thought we’d get 100 names – we got 60. Many of these 60 men were allies to our senior women cutting across industry groups. I spoke to each of them individually trying to ascertain what made them a male ally. The answer surprised me.
It wasn’t because they were raised by strong mothers or that they had mothers, sisters, wives or daughters who worked or that they had daughters getting ready to enter the workforce.
The only common thread in all of their responses was, “they had a profound and strong sense of fairness and refused to stay quiet when they saw something unfair happen”. That could be an unfair or unequal assignment of accounts, resources or staff, or an unfair review for bonus or promotion or comments about tone, style and fit. They refused to stay quiet. They spoke up in forums where the women were often not present to defend themselves or present their side of things.
This gives me hope that there are enough men with that inherent sense of fairness and justice and they will step up to be the allies to support a gender partnership and gender equity.