Over the past 3 years the Dutch employment rate has improved significantly and it is all thanks to more women joining the workforce. Statistics Netherlands announced in late 2015 that the number of employed individuals increased by approximately 6,000 a month during the year with women accounting for as much as 94% of this increase.
According to a report published by worldwide management consulting firm, McKinsey, businesses across all sectors with the majority of women on the boards of directors regularly and considerably outperform their competitors with no or very little female representation. Leeds University Business School reported that having at least one female director on the board can reduce a company’s risk of going bankrupt by as much as 20%. Having 2 or more female directors will reduce this risk even more.
According to the World Bank, women equate to 45.7% of the Dutch workforce. Apart from the noteworthy financial figures that are indicative that women in executive positions benefit the financial profile of a firm, female bosses also have a more direct and intimate impact on the firms they are employed by. Ranging from boosted staff retention due to an increase in job satisfaction to increased job opportunities for women, the fairer sex are reiterating daily why they should be pointed in high-profile positions.
Female bosses tend to give more praise
It is a proven fact that praise in the workplace not only leads to improved morale but boosts client-business relationships as well. Women, in general, tend to be better communicators than men with recurrent report ensuring that manager-employee relationship is kept open with ease of access to both parties.
Female bosses create more job opportunities for other women
With female managers at the helm, more newly-created positions are filled by women first. Women in the workplace are known to make more opportunities available for women and other minorities than their male colleagues. Until fairly recently, women in managerial positions were still a rare find, with women in any executive positions still setting a precedent today. Gender diversity in management can improve a firm’s performance, highlighting the importance of creating an entire channel of female managers instead of just a single one.
Female bosses encourage employee progression and development
Professionals who are employed by women are 1.3 times more likely to discuss their performance at least twice a year. While such progress reviews are standard practice at most firms, female managers tend to go well beyond merely reviewing how well tasks have been executed. Female bosses are also more prone to encourage employee development than male managers are. This does not mean that female managers habitually promote employees more often but rather that they display more genuine interest about their employees’ personal and career development.
In general, female managers are simply more engaged than male managers. It therefore stands to reason that they are also more likely to contribute to the current and future success of the organization. The advancement of women in the workplace has countless advantages and should ultimately become the norm and not the exception as it still currently stands in many organisations.