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A sponsor could help British Women defeat the "Old Boy's Network"
15th June 2012
A
sponsor could help British Women defeat the "Old
Boy's Network" according to new research by
the Center for Talent Innovation, a not-for-profit
organisation that has become a thought leader in
diversity and talent management. While the lack
of women on UK corporate boards continues to make
headlines, little attention has been paid to a much
larger problem: highly qualified British women are
not breaking through to leadership positions in
numbers commensurate with their presence in the
talent pool. The solution? Get yourself a sponsor.
This is the bottom line finding from a report from
the Center for Talent Innovation entitled Sponsor
Effect: UK that was released last night at
the House of Commons at an event keynoted by Theresa
May, the British Home Secretary and Minister for
Women and Equalities, and attended by 200 corporate
leaders.
I am delighted to
see the Sponsor Effect: UK study highlight just
how ambitious British women are and how the support
of business leaders can help them realise their
full potential. she said, "Women are
at the heart of our economic future and making
the most of their skills is essential. We are
working to give talented females the support they
need to reach the top, but more still needs to
be done and everyone has a part to play.
Women enter the white-collar
workforce in the UK in far greater numbers than
men: 57 females for every 43 males. Yet as employees
in large corporations move from entry-level to
middle management, and from mid- to senior-level
positions, men advance disproportionately. Across
sector and occupation, women are simply not breaking
through to leadership positions in numbers commensurate
with their weight in the talent pool.
Why? According to the new
CTI study the reason is straightforward and has
nothing to do with a lack of accomplishment or
ambition or a paucity of childcare or flextime.
Rather, British women tend not to have sponsors
- powerful champions willing to take a bet on
a young talent, go out on a limb for him/her and
advocate for the next promotion. Sponsors are
the people that propel and protect high performing
employees through the treacherous shoals of upper
management.
The study found that UK
men with sponsors (as opposed to those without)
are 40 percent more likely to move up the ladder
at a satisfactory clip, while this sponsor
effect for UK women is even higher52
percent. It turns out that sponsorship in the
UK is largely a male phenomenonsenior British
men are 50 percent more likely than senior British
women to have a sponsor. The Old Boys Club is
alive and well in the executive suite. When it
comes to choosing who to tap on the shoulder and
groom for leadership, C-suite executives (overwhelming
white males) reach automatically for a mini-me.
Other surprising findings
from the study include three key differences between
sponsorship in the UK and the U.S:
1. Sponsorship has a particularly
powerful effect on the retention of women in the
UK. British women with sponsors stay on track
and are 58% less likely than those without sponsors
to be a flight risk (plan on leaving their jobs
within a year).
2. Women are more ambitious
in the UK than in the US. Upper middle management
women in the UK are very ambitious: 79% of them
aspire to hold a top job compared to a mere 59%
of upper middle management women in the US. Even
more surprising, they also have higher aspirations
than their male peers (79% versus 74%). These
high rates of ambition are related to two factors:
a sharp increase in the number of British women
outearning their spouses and a rise in the number
of women choosing not to have children (nearly
40% of UK women over 40 arent parents.)
3. Interestingly, sexual
politics are less of a barrier to sponsorship
in the UK. While 64 percent of senior men in the
US are hesitant to have one-on-one contact with
junior women for fear of gossip or lawsuitsonly
38 percent of senior men in the UK feel the same
way.
So what to do? A centerpiece
of the CTI study is a ten step Road Map for women
seeking to earn sponsorship. These practical actions
range from coming through on the three most essential
fronts (performance, loyalty and delivering a
distinctive personal brand) to learning how to
exude executive presence. Sylvia Ann
Hewlett, co-author of the study and CEO and President
of CTI says that the Road Map is enormously
empowering because it allows individuals to own
and drive the ascent to leadership.
The study includes case
studies from eleven global companies that have
created initiatives that provide pathways to sponsorship
and encourage high potential women and senior
leaders to cultivate critical sponsor-sponsee
relationships and cascade them through the organization.
For example, Fiona Cannon, Director of Diversity
and Inclusion at Lloyds Banking Group, the study's
research sponsor, says Lloyds Banking Group has
a high profile and robust gender programme
in place to ensure that [they] are able to build
a diverse talent pipeline. Sponsorship and mentoring
are crucial to this, so we are delighted to support
and benefit from this insightful research.
Speakers at the launch event:
- Rt.
Hon. Theresa May, Keynote, Home Secretary
and Minister for Women and Equalities
-
Lord Eatwell, President, Queens' College,
University of Cambridge
-
John Heaps, Chairman, Eversheds LLP
-
Helen Rose, Chief Operating Officer, Verde,
Lloyds Banking Group
-
Sylvia Ann Hewlett, President and CEO, Center
for Talent Innovation
Methodology:
The study, sponsored by
Lloyds Banking Group, comprised a cross-industry
national survey of 1,386 college educated professionals
working in white collar occupations within large
corporations in the UK, followed by targeted focus
groups and numerous one-on-one interviews.
The Center for Talent
Innovation
The Center for Talent Innovation
(formerly the Center for Work-Life Policy), a
non-profit think tank based in New
York City, has emerged as a thought leader in
diversity and talent management, driving ground
breaking research and seeding programs and practices
that attract, retain and accelerate the new streams
of talent around the world. The Center for Talent
Innovations flagship project is the Task
Force for Talent Innovation (formerly the Hidden
Brain Drain Task Force)a private-sector
task force focused on helping organizations leverage
their talent across the divides of gender, generation,
geography and culture. The 70-plus global corporations
and organizations that constitute the Task Forcerepresenting
4 million employees and operating in 190 countries
around the worldare united by an understanding
that the full utilization of the talent poll is
at the heart of competitive advantage and economic
success.
For further information visit
www.talentinnovation.org
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