Gender diversity. If you haven’t heard this buzz term yet, it is hot on the trails of becoming a workplace norm.
Gender diversity is the fair representation of genders.
In effect, diverse groups with contrasting backgrounds, education, and experiences heed greater solutions to complex issues.
In this case, the focus lies heavily on female representation in the workplace.
Gender diversity is not a new concept. It’s taken form in several different social justice movements like the equal pay movement and the suffrage movement.
In other words, gender diversity continues to evolve as social movements occur in the name of equality.
Gender diversity is championed by several grassroots organizations that have relentlessly campaigned for equal representation. Nevertheless, a vocal institution—McKinsey & Company, a company dedicated to creating change that matters—reports that change is slow if present at all.
In recent decades, women have earned more bachelor’s degrees than men and are asking for promotions at the same rate as their counterpart, Mckinsey & Company reports. However, McKinsey has found that the proportion of women at every level in corporate America has barely changed between 2015 and 2018 (years the organization conducted the study).
With this in mind, McKinsey & Company states that companies should treat gender diversity as a business priority.
The report estimates that only 38% of companies set targets for gender representation. These companies have set strict protocols to increase equality in the workplace.
Best Companies AZ recognizes these best companies for women in the workplace that are working towards gender diversity at all levels of business. Check them out!
- Bank of America
- Quicken Loans
- World Wide Technology
- Voya Financial
- Charles Schwab
Best Companies for Women
Actions speak louder than words! Likewise, Accenture’s actions indicate that they are a champion of women, and mothers, in the workplace and dedicated to increasing gender equality in the workplace. In 2018, Accenture CEO Julie Sweet announced that the company is committed to achieving a 50% male-50% female workforce by 2025. Further, by 2020, Accenture’s goal is for women to account for 25 percent of managing directors worldwide.
These are ambitious goals; however, the multinational has created several initiatives to attract and retain female professionals. In part, the consulting firm has increased its hiring and promotion efforts to recognize more women. In addition, Accenture introduced telecommuting perks, employee resource groups, and a mentor training program. Even more, the company initiated a number of female-friendly benefits to accommodate working mothers. Initiatives include:
- Employment resource group for working parents and caregivers
- A minimum of 16 weeks of paid maternity leave after one year of service
- Employee reimbursement for in vitro fertilization, egg freezing, surrogacy expenses, and other fertility treatments
- Backup childcare when alternatives are not available
All in all, Best Companies AZ recognizes Accenture for its continued actions to achieve gender equality in the workplace.
Voya Financial is at the forefront of the company’s seeking to advance women’s equality in the workplace. The Bloomberg Gender-Equality Index (GEI) recognized the investment management company in 2019. Organizations receive this distinction for transparent gender reporting and implementing programs dedicated to advancing female equality. Namely, Voya’s dedication to women in finance and leadership has catapulted the company to the top.
To elaborate, Voya Financial reported that Forty percent of Voya’s board of directors are women in 2019. In addition, half of the members of Voya’s Executive Committee are women. With this in mind, it is no surprise that former Voya CEO Maliz Beams was proclaimed American Banker’s Most Powerful Women in Finance for multiple years.
Overall, Voya Financial has set the standard for female representation in leadership roles in the finance industry.
You don’t have to look far to understand why Quicken Loans appears on the best companies for women list! Above all, Quicken Loans is America’s largest mortgage lending company, servicing clients across the nation. Clients recognize the FinTech company for its use of cutting-edge technology to provide valuable finance solutions. This care for client satisfaction extends beyond ‘business as usual’ and into the workplace.
Quicken Loans boasts a number of innovative programs and benefits to support working women and mothers in the workplace. For example, recently the finance company sponsored the 2018 Rock FOC Women’s Conference titled “Changing the Game.” Overall, the conference gathered women of diverse backgrounds to promote innovation, and leadership values. This is only one example of Quicken Loans’ dedication to empowering women in the workforce; nevertheless, their long list of achievements shows that they are not slowing down any time soon.
In addition, Quicken Loans has received several accolades for its dedication to diversity and marginalized groups. After all, employees produce their best work when they feel valued and respected.
The campaign for gender diversity in the office is far from over! Nevertheless, strong advances are being made to ensure equal representation in the workplace and C-suite. Stay up-to-date with these advances and more with BestCompaniesAZ. BestCompaniesAZ is your exhaustive resource for job hunting tips, interview prep guides, and more! What are you waiting for? Check out BestCompaniesAZ today!