To summarise, 2019 has been the year of the female leaders. We have met some truly inspiring and impressive leaders this year and helped a number of organisations tackle the challenge of gender diversity across their leadership teams.
We are delighted to share that 77% of all senior placements this year have been female. This number is up from 74% last year for the same level of roles.
Why the continued success across the areas my team cover? (Strategy, Product, Digital, Transformation, Operations, Customer)
There are a number of factors that should be considered:
Our Women in leadership programme kicked off over 6 years ago spearheaded by our two Managing Directors Louise Langridge and Vanessa Harding. They believe in equal opportunity for those aspiring leaders and have created a culture both internally and externally to enable budding female leaders to put their hands up for these roles. This has, in turn, meant that Morgan McKinley is considered a trusted advisor when it comes to females looking to take the next step in their career journey at a juncture that can be daunting.
We ran a blog series earlier this year titled 'Women in Leadership' to hear from female leaders and give them an opportunity to share their story to inspire others to follow whichever path they wanted.
Internally we reflected on all aspects of the hiring process and put together a ‘Hiring for success’ e-book covering topics such as writing inclusive position descriptions, hiring and retaining the best people for your organisation. This, in turn, allowed organisations to ensure they were running recruitment processes that would be truly appealing to both males and females.
We partnered with Thrive Advisory, a boutique leadership firm who customise leadership support to enable leaders, teams, and organisations thrive. We produced a piece of research that surveyed over 1300 participants on why people joined and then subsequently left organisations
So whilst it seems the number of females in the position of leadership is increasing is this reflected in all aspects of gender parity in the workforce?
The Australian Governments ‘Workplace gender equality data’ suggests we still have work to do.
There is still a 14% pay gap between the average Australian female/male monthly salary.
However, an article recently published shared some encouraging news about Shemara Wikramanayake, CEO of Macquarie Bank who is the first female ever top the table as the ‘best paid CEO in Australia’. To put this into context, however, Shemara was one of 4 females on the list of 50 or 8%. Whilst this is a highly visible step in the right direction we are clearly still a long way from where we would like to be.
Finally, another encouraging sign this year was the number of organisations committing to a more equal and attractive parent leave policy.
A good example of this is from Bain & Company, a top tier global strategy consulting firm who have recently announced in the UK, regardless of gender, a policy which includes up to 52 weeks of leave with the first 26 weeks fully paid.
Bain in the UK aren’t the only company to have redesigned their parental leave policy a number of organisations in Australia have improved. This, in turn, gives families more choice when it comes to planning and career opportunities certainly giving females comfort that they can be a mum and a leader.
We are looking forward to what 2020 brings for the females we are lucky enough to engage with on a daily basis and hope to help more and more leaders of the future take the next step in their career.