The Energizer

Resilient Insights for Work & Life

Smart Companies Develop Women Leaders

by Eileen McDargh, Chief Energy Officer - Monday, July 13, 2009
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Look at companies like Oracle, Novartis, State Farm, Procter & Gamble, Intel, and Cobalt and you’ll find one trend that is consistent despite being radically different firms: a commitment to the development of women’s leadership skills through networks and conferences. When it comes to employee acquisition, retention and engagement, these firms know that:
  • women represent 60% of university graduates in Europe and North America (and 52% in China, 70% in the United Arab Emirates)
  • a majority of the jobs lost in both the US and Britain in this recession have been lost by men, not women
  • of the 8 million jobs created in Europe since the year 2000,  75% of them have been filled by women
  • 2009 may also be the year that women become the majority of the American labor force for the first time
When it comes to customer loyalty and buying decisions, these firms  also know that:
  • Women purchase more than 51% of all new cars and influence the purchase decision of 85% of all new cars sold in the U.S (Jody DeVere, CEO of ASkPatty.com)
  • 76% of women identify themselves as the principal shoppers
  • Women also play a large role in non-routine expenditures. Of  the $200 billion spent at retail on CE products in 2007, roughly $90 billion (45%) was made by women at the checkout counter or online. (Catalyst).
Bottom line: For productivity, profitability, and performance, it just makes good sense to hold conferences and training sessions to encourage the development of women as business leader.

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Eileen McDargh Keynote Speaker Blog Author

About Eileen!

Since beginning her consulting and training practice in 1980, Eileen has become noted for her ability to speak the truth with clarity, wisdom, humor and compassion. Long-standing clients and repeat engagements attest to her commitment to make a difference in minds, hearts and spirits of organizations and individuals. She draws upon practical business know-how, life's experiences and years of consulting to major national and international organizations that have ranged from global pharmaceuticals to the US Armed Forces, from health care associations to religious institutions. Executive Excellence magazine selected her as one of the top 100 thought leaders in leadership and among the top ten consultant providers of leadership development.

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