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The Business Benefits of Women in Leadership Breaking Through the Granite Ceiling in Corporate New Hampshire January 29, 2008 by Katie Merrow, Executive Director Two Delta Drive, Concord, NH 03301, (603) 491-0959 Contact us at [email protected] or www.nhwpi.org. Why consider gender?

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Why consider gender how many women are at the top

The Business Benefits of Women in LeadershipBreaking Through the Granite Ceiling in Corporate New HampshireJanuary 29, 2008by Katie Merrow, Executive DirectorTwo Delta Drive, Concord, NH 03301, (603) 491-0959Contact us at [email protected] or www.nhwpi.org


Why consider gender how many women are at the top

  • Why consider gender?

  • How many women are at the top?

  • Potential action steps—results of interviews with business leaders


Three reasons to consider gender

Three reasons to consider gender…

  • Women are an increasingly important part of the workforce.

  • Companies with more women in leadership have performed better.

  • There are relatively fewer women at the top in NH than in other states.


As workforce ages women are the majority of young educated potential workers

As workforce ages, women are the majority of young, educated potential workers


Women are the majority in most consumer markets

Women are the majority in most consumer markets

Women are responsible for:

  • 83% of all consumer purchases

  • 89% of new bank accounts

  • 80% of healthcare decisions

  • 60% of car purchases

  • 47% of the U.S. investor market

  • 46% of home ownership

    Significant trends:

  • At least 55% of those online every day are women

  • Online spending is projected to increase 26% this year

  • By 2010 women are expected to control 60% of the wealth in the US

    Women’s buying behaviors are different from men’s.

    Source: Marketing to Women, Marty Barletta


Fortune 500 companies with more women at the top performed better

Fortune 500 companies with more women at the top performed better


Nh has more women at the bottom and fewer at the top than other new england states

NH has more women at the bottom and fewer at the top than other New England states


Why consider gender how many women are at the top

The Numbers

  • Financial Institutions

  • Hospitals

  • Publicly Held Corporations


Women are concentrated at the staff level in each sector studied

Women are concentrated at the staff level in each sector studied


Women comprise 80 of the workforce and 28 of senior executives in nh financial institutions

Women comprise 80% of the workforce and 28% of senior executives in NH financial institutions


Women are concentrated at the staff level in healthcare

Women are concentrated at the staff level in healthcare


Representation is increasing especially among ceos

Representation is increasing —especially among CEOs


Conversations with business and banking leaders

Conversations with business and banking leaders

Talked with 20 business leaders about:

  • Process for board selection,

  • Factors that affect advancement

  • Ways to improve opportunity

    Opinions on factors limiting advancement

  • Lack of visibility or connection to networks

  • Family and home responsibilities

  • Corporate culture that does not facilitate women’s advancement


Business leaders recommendations on ways to increase diversity at the top

Business leaders’ recommendations on ways to increase diversity at the top

Business Community

  • Create a talent bank/networking organization

  • Provide mentoring and training—for women

  • Provide education—for companies

    Individual Companies

  • Identify women leaders early in the pipeline

  • Require diversity in contractors’ staffing

  • Provide support for home responsibilities

  • Publicly declare commitment to diversity

  • Specifically request nominations of female candidates


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