Bottom Line Benefits of Developing
Female Talent
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The Beyond the Boys’ Club Career Development Programme for Executive Women has been designed to meet the needs of companies to retain and develop their valued female executives. As a financial benefit, companies that invest in this form of executive leadership coaching achieve:
- Lower employee turnover rates
- Reduce costly recruitment fees
- Save time on replacing and training new employees
"It is more economical to keep an employee feeling valued and productive,
than to replace them"
"When we lose top talent, we lose much more than the executive. We lose
historical knowledge and continuity and have to invest all over again
the costly and risk-averse recruitment process all over again."
"Organisations actively embracing career development of their top female talent are adding rich diversity to their business. This is the time in corporate life to have greater representation of females in the boardroom."
Valuing the development of professional females promotes a better sense of morale in the workplace as well as creating a loyal staff base who value their employers. This programme prepares women for the next next level of leadership and management responsibilities and how to raise their profile accordingly.
The bottom line benefit to developing your key executive women is clear and becoming increasingly vital in organisations that want to diversify senior management for a more balanced future.
In fact, research shows that companies that companies with at least three women in senior management are more likely to:
- Score higher on measures of good leadership, capability, accountability and motivation[1].
- Have three times the profitability[2].
- Better corporate governance, more board independence and more productive board activity[3]
All are financially sound reasons to strive for greater representation of women at the uppermost echelons of leadership.
Enlightened employers realise that money spent training staff should help enable them to develop satisfied employees who are loyal, dedicated and excited about all the possibilities their employer can offer.
[1] “Women Executives in the UK”, Gavurin Intelligence, February 2008
[2] McKinsey Quarterly (2008), A Business Case for Women, September
[3] The Conference Board of Canada (2002) “Women on Boards: Not Just the Right Thing ...
But the Bright Thing”
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© Suzanne Doyle-Morris PhD 2009
