Daily Archives: November 14, 2017

Why businesses miss out by ignoring women in management

It comes as no surprise that women are often overlooked in business. Just 4% of Fortune 500 companies have females and their CEO position, despite the proven benefits that come from hiring from a diverse perspective.

On the bright side, there are more women being hired in management than ever before. Large cultural changes do take time, but thanks to CEO such as Susan McGalla businesses are beginning to take notice. She worked her way up the ranks from the bottom at American Eagle and guided them through a long stretch of prosperity.

She has since founded P3 Executive Consulting with the mission of helping businesses become their best entering the most they can. One of the natural outcomes of this consulting and profit-seeking is the increased hiring of women in management positions.

Much of her success has come from showing business a very obvious fact; women in the United States are far more likely to be in charge of the family’s finances and make more than 80% of purchasing decisions for a family. With so much money in the hands of women, it seems absolutely insane to not have a single female voice in the management team, yet this is a case for many businesses in America.

There’s no better case for this then the work she is done as vice president of business strategy for the Pittsburgh Steelers. The Steelers are not only a football team but they are the oldest team in the AFC. This makes them even more male-dominated a more modern franchise. Even so, there are a substantial number of female fans for any NFL team and Susan McGalla has helped the Steelers reach them.

As stories of successful women in business leadership continue to emerge we will see an ever-growing number of women in management positions. However, it is still vital to understand that diversity is not true diversity without involving all members of a team. Businesses do not have to abandon their men in order to accommodate women, in fact, there isn’t a single female CEO that hasn’t relied on the support of capable male colleagues in her organization. Once businesses realize this they can fully recognize your potential and begin earning and achieving as much as they can.