Women in Business Awards – The trend toward women being appointed to leadership positions appears to be growing. There are more females managing. When put into perspective, it’s only 6.4 percent of these top companies. With recent news reports that revealed the gender pay gap at the BBC. The stories of female entrepreneurs using an imagined male co-founder for legitimacy and credibility. Women’s inequity is still a huge business issue. But women work a lot in the business sector and win the Women in Business Awards.
Women in Business Awards
Women’s Advantages in Business:
Diversity – from gender diversity to culture, age, race, and gender has been proven to increase creativity and ingenuity. 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. The challenge of challenging each other and working with those with different perspectives can spur creativity and help develop new ideas that push businesses to the next level.
Women Can Master The Soft Skills Necessary To Lead A Business:
Women in Business Awards – Although technical skills and knowledge are essential to a successful career, executives consistently mention soft skills as their most desired professional qualities. At the same time, traits like good communication, empathy, self-awareness, and empathy aren’t easy to quantify. They are highly sought-after and can significantly impact a business’s bottom line. Research has revealed a link between character strength and business performance in the last few years. CEOs who are ranked highly for traits like integrity and compassion also achieve the benefit of a 9.35 percent return on assets over a 2-year time.
A Benefit To Women Working in The Business:
Developing emotional intelligence and soft skills can benefit women working in the business. Women have enormous economic power, providing crucial insights into consumers’ behavior.
It’s been estimated that females contribute more than $20 trillion in expenditure each year, making it the larger growth market that is bigger than China and India. Women also make up the majority of the purchases made by consumers.
Insights females and males have to offer will make your items and products more attractive to consumers and make a business more profitable. So they are awarded Women in Business Awards.
Women’s Challenges in Business:
Women are underrepresented in many fields. Although many sectors have shown signs of a rising female workforce, some sectors like finance, engineering, and technology are still heavily male-dominated. In the STEM (science, technology, engineering, and math) sectors, women comprise only 24 percent of the working population in the U.S. and less than 15 percent in the U.K.
Women’s underrepresentation could be due to the persistent perception that interest in “hard science” isn’t feminine. However, STEM careers are expected to be one of the most rapidly growing and highest paid in the future. It’s vital for women to feel empowered to develop the skills needed and be open to the opportunities provided by careers in science, technology, and related fields. Women are working hard to encourage them to study computer science and engineering and help eliminate the gender disparity in STEM fields.
A Workplace Is A Place Where Gender Discrimination Can Be Exacerbated:
Although most executives agree that the most competent person, regardless of gender, should be hired, the evidence shows women have tremendous success. Having a male or gender-neutral title on their resumes illustrates that bias is still present.
The women who have or looking to get themselves in for leadership positions often feel they’re under attention. At the same time, men are encouraged to be assertive or ambitious, while women are taught from an early age to avoid being ” bossy”. Underlying gender bias means the same behavior and characteristics of initiative, passion, and taking charge can be interpreted differently in men and women in the workplace.
Women Are Not As Successful In The Negotiation of Salary:
The reluctance of women to ask for more excellent pay is frequently mentioned as one of the reasons for the gender gap in pay. In a Salary negotiation, the results showed that women accounted for 68% who agreed to the pay they were offered. In contrast, more than half of the males interviewed negotiated before taking on a job. Also, for women who attempted to negotiate their initial salary, however, the result was usually less favorable.
It’s a fact that males have greater self-confidence when preparing themselves for leadership positions or negotiating their pay. However, even the most accomplished females suffer from “imposter syndrome”, which leaves them feeling unworthy and underestimating their value. Women who believe in their worth and demand pay that is reflective of this is a crucial step to closing the wage gap, and increased pay transparency will also help make it easier for women to compete.
Despite all the hardships, women are working hard in business and winning the Women in Business Awards.
