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His Turn

Taking Diversity a Step Further


JOHN KIRKSEY

A shift in the way corporate America views women’s roles in the workplace began in the 1970’s and though women are now seen as a vital part of management in major organizations, there is still a need to ensure diversity efforts are truly inclusive. While more and more women are taking on senior level positions, has corporate America really made an effort to embrace all women?

People entering the work force today probably can’t imagine a time when women weren’t a prominent part of the corporate landscape. This is largely due to the Civil Rights Act of 1964. The civil rights movement of the 1950s and ‘60s resulted in an increased emphasis on opening the doors of organizations to all people. In fact, the women’s movement flowed out of the initial push for civil rights for people of color.

One of the problems I’ve consistently seen with diversity in organizations over the 30 years, and throughout corporate America, is that Caucasian women have been much more readily accepted as a part of the corporate scenery than have women of color. There is some disassociation of the women’s movement within the broader diversity movement. In other words, not all women have been part of the progress.
     
As recipients of the benefits of the civil rights movement, we all have an obligation to make sure the move toward diversity doesn’t become less inclusive than when it began. How do we share the wealth and expand the progress that’s been made by many women in business to include all women?  Catalyst, a New York-based independent, nonprofit organization research and advisory group that works to expand opportunities for women at work, addressed this issue in a research study titled “Women of Color in Corporate Management: Three Years Later.1” Catalyst tracked 368 Black, Hispanic and Asian female managers. The study found that while women of color were taking charge of their careers and had a high level of career satisfaction, finding them in senior level positions was (and still is) rare.

Another report found that there were more women in corporate officer positions at companies in industries in which women represent 49 percent or more of the total workforce, including finance, insurance, real estate, retail trade and service2. Many financial services organizations have an overall staff of about 60% women. Leveraging from this base, the financial services industry has the opportunity to outshine other industries. There is opportunity to convert more of those women into leadership positions. 

Women executives can all help promote at least one up-and-coming professional woman -- mentoring is critical to career advancement.  Some individuals and organizations are already making tremendous advances in this area.  It’s a matter of getting upper and senior management in organizations to adopt these practices and consider diversity a vital part of their business decisions.

Encourage the Next Generation

We all know education is the foundation upon which success is built. Fostering successful careers for future generations of women begins with the right education. In women-only schools, both high schools and colleges, women studying math and science perform just as well as, if not better than, men at comparable schools. Being in a women-only environment means that these young women are not as influenced by society’s stereotypical career models for men and women — stereotypes that start as early as junior high.  My point is that women can and do excel in math and science; it is that they are not encouraged to pursue careers requiring those skill sets.  The women-only academic environment nurtures achievement in ways that co-ed schools do not.

Women of all ethnicities should not limit themselves.  They need to get more involved in the bottom line areas of businesses.  As executives and leaders, women should think about how they can mentor and coach younger professional women and help them develop prospects in areas dominated by men. This broadens opportunities for professional women entering the workforce will move up the corporate ladder.

It’s also important to identify and cultivate talent early. Community involvement is vital as an opportunity to share your own professional experiences with young women who may be entering college or looking for a first job. You may connect with someone who simply needs career guidance. Some companies are very adept at taking their company message to communities that may be ignored, such as low-income or minority neighborhoods. In reaching out to these communities, companies are creating customers, branding their organizations, and familiarizing women of color with careers they may not have known existed.

Training programs and cross-functional job opportunities are great ways to identify and develop talent internally. Retail banks are leading the pack when it comes to moving women of color up through the ranks. They typically develop and promote from within, preparing internal candidates for mid-level management positions.

Diversity is a relevant topic for anyone in the world of business. And it continues to be an increasingly important factor in companies’ decision-making processes. While the corporate landscape has changed drastically over the past few decades so that it better represents available talent, we all need to do our part to push the progress further toward full inclusion