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Study on non-legislative initiatives for companies to promote gender ...

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120 Gender equality <strong>initiatives</strong><br />

3.10 Benefits <strong>for</strong> <strong>companies</strong><br />

To c<strong>on</strong>clude this analysis of company <strong>initiatives</strong> that <strong>promote</strong> <strong>gender</strong> equality at the<br />

workplace, some of the main benefits <strong>for</strong> the <strong>companies</strong> themselves shall be highlighted.<br />

In general, the promoti<strong>on</strong> of a diverse work<strong>for</strong>ce (and of <strong>gender</strong> equality in<br />

particular) is said <strong>to</strong> also lead <strong>to</strong> better ec<strong>on</strong>omic per<strong>for</strong>mance of the company; there<br />

are studies that support this. In the following are some statements experiences from<br />

the point of view of the <strong>companies</strong> that have been questi<strong>on</strong>ed in this research:<br />

• Intangible assets, such as motivati<strong>on</strong>, employee pride and societal awareness<br />

help the enterprise <strong>to</strong> become a high-per<strong>for</strong>mance business. There<strong>for</strong>e it is<br />

worth investing in these intangible assets.<br />

• It is not <strong>on</strong>ly about <strong>gender</strong> equality, but about creating an envir<strong>on</strong>ment where<br />

every<strong>on</strong>e can deliver at their best; people per<strong>for</strong>m best when they feel valued,<br />

included and respected.<br />

• Relati<strong>on</strong>ships are strengthened and trust is built but it is essential that <strong>gender</strong><br />

equality is a real value <strong>to</strong> the Board as <strong>on</strong>ly with absolute commitment (acti<strong>on</strong><br />

instead of words) beneficial results can be achieved.<br />

• Investing in <strong>gender</strong> equality measures raises employee satisfacti<strong>on</strong> (of men<br />

and women) which reduces fluctuati<strong>on</strong>, sickness leaves, etc. (and there<strong>for</strong>e<br />

cost <strong>for</strong> the enterprise).<br />

• The working climate in (<strong>gender</strong>) mixed teams and with both, male and female<br />

managers ameliorates and employees/managers tend <strong>to</strong> be more productive<br />

and innovative and the quality of the work improves.<br />

• Different opini<strong>on</strong>s are brought in which is believed <strong>to</strong> make a company more<br />

successful.<br />

• A mixed team/employing diverse pers<strong>on</strong>s facilitates delivering individual soluti<strong>on</strong>s<br />

<strong>to</strong> the diverse cus<strong>to</strong>mers.<br />

• The pool of applicants is enlarged when a company appeals <strong>to</strong> men and<br />

women. This is essential in competitive industries where there is a shortage in<br />

skilled pers<strong>on</strong>s.<br />

• The (external) reputati<strong>on</strong> of the company rises which <strong>on</strong> the <strong>on</strong>e hand helps<br />

<strong>to</strong> keep respectively attract cus<strong>to</strong>mers/clients and <strong>on</strong> the other hand makes<br />

talents wish <strong>to</strong> work <strong>for</strong> the company.

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