{"id":1305,"date":"2021-02-16T11:01:05","date_gmt":"2021-02-16T11:01:05","guid":{"rendered":"https:\/\/ic-resources-main.local\/iwd-4-reasons-you-should-hire-more-women\/"},"modified":"2025-07-17T15:38:09","modified_gmt":"2025-07-17T14:38:09","slug":"iwd-4-reasons-you-should-hire-more-women","status":"publish","type":"post","link":"https:\/\/ic-resources.com\/en\/blogs\/iwd-4-reasons-you-should-hire-more-women\/","title":{"rendered":"IWD: 4 Reasons You Should Hire More Women"},"content":{"rendered":"<p>Today marks International Women&rsquo;s Day, a day to celebrate women&rsquo;s achievements and to continue the push for equality the world over, embodied by this year&rsquo;s theme: #PushforProgress.<\/p>\n<p>One area that we believe there&rsquo;s still plenty of room for improvement in (and supported by our recent <a href=\"https:\/\/ic-resources.com\/?p=80808\">Women in Tech report<\/a>) is female employment in technology. The social and ethical motives for this are clear, but if that&rsquo;s not reason enough, you may be unaware of the vast quantitative research that supports the push for balancing out genders in the workforce.<\/p>\n<p><strong>1. It makes financial sense<\/strong><\/p>\n<p><a href=\"http:\/\/www.catalyst.org\/media\/companies-more-women-board-directors-experience-higher-financial-performance-according-latest\">Research looking at US companies listed within the Fortune 500<\/a> found that those with the highest percentage of female board directors heavily outperformed those with the lowest; 53% greater Return on Equity, 42% greater Return on Sales and 66% greater Return on Invested Capital.<\/p>\n<p>It&rsquo;s not just the US seeing the benefits. <a href=\"https:\/\/piie.com\/publications\/wp\/wp16-3.pdf\">22,000 firms from around the world were recently studied in regards to gender diversity<\/a>&nbsp;and the results showed that firms that went from no female corporate leadership to even just a 30% female share caused a 15% increase in profitability for a typical firm. It was discovered that because of the presence of high level female leaders, there was less gender discrimination throughout the firm.<\/p>\n<p><strong>2. Lower staff turnover<\/strong><\/p>\n<p>Another report studying gender diversity at work, looking at 800 business units, <a href=\"http:\/\/news.gallup.com\/businessjournal\/166220\/business-benefits-gender-diversity.aspx\">found that greater diversity helps a company both attract and retain talented women<\/a>. It also states that companies with more diversity on staff have a 22% lower turnover rate in general, among a plethora of additional benefits &ndash; such as generally superior industry knowledge and information sourcing ability.<\/p>\n<p>This is also a consideration for potential employees too, with a Glassdoor survey finding <a href=\"https:\/\/www.glassdoor.com\/press\/twothirds-people-diversity-important-deciding-work-glassdoor-survey-2\/\">that over two thirds of people consider diversity important when deciding where to work<\/a>.<\/p>\n<p>As a recruitment company, we perhaps understand better than anyone the potential expenses and difficulties involved with hiring staff and the importance of retaining your best talent cannot be understated.<\/p>\n<p><strong>3. Improves Reputation<\/strong><\/p>\n<p>Reputation is important for attracting business and attracting staff &ndash; in fact, <a href=\"https:\/\/www.glassdoor.com\/employers\/popular-topics\/hr-stats.htm\">69% of people would reportedly turn down a job from a company purely based on their reputation<\/a>, even if unemployed. It&rsquo;s an attribute that only continues to grow in value, so it&rsquo;s crucial to get it right. Research suggests one way to do exactly that &ndash; improve female representation. A study looking at companies on the Fortune 500 and World&rsquo;s Most Admired Companies lists (that&rsquo;s over 8,600 executives from 36 countries) <a href=\"http:\/\/www.webershandwick.com\/news\/article\/gender-forward-pioneer-index-most-reputable-companies-have-more-senior-wome\">found that the most admired and respected companies had a greater female representation of senior leaders<\/a>.<\/p>\n<p><strong>4. Your team will perform better<\/strong><\/p>\n<p>So what differences does gender diversity bring to the office? Well, one study reports that <a href=\"https:\/\/www.sciencedaily.com\/releases\/2010\/09\/100930143339.htm\">a group&rsquo;s tendency to co-operate effectively is directly linked with the number of women involved<\/a>. Another, surveying more than 100 teams operating in 17 countries, discovered that team experimentation, efficiency and psychological safety are optimal when there are 50% women represented, even suggesting that more women improves team confidence.<\/p>\n<p>The benefits of promoting diversity in general within the workplace is evidenced throughout a lot of credible research, with one claiming that <a href=\"https:\/\/insight.kellogg.northwestern.edu\/article\/better_decisions_through_diversity\">diversity can boost decision making and group performance<\/a>&nbsp;and another study finding that <a href=\"https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/au\/Documents\/human-capital\/deloitte-au-hc-diversity-inclusion-soup-0513.pdf\">companies with diverse employees are generally more innovative, collaborate better as a team and respond better to changing customer needs<\/a>. The list goes on and on.<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>The sheer scale of research available supporting the equal inclusion of women at work goes far beyond any article can cover. International Women&rsquo;s Day is all about celebrating the achievements of females around the world and there&rsquo;s plenty to celebrate. But, it&rsquo;s also a day to remember the challenges women still face and the gender gap is one of them. The evidence is clear, however: the more women the technology industry hires, the better we all are for it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One area that we believe there\u2019s still plenty of room for improvement in (and supported by our recent Women in Tech report) is female employment in technology.<\/p>\n","protected":false},"author":111,"featured_media":4388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,321],"location":[],"salary_guide":[],"job_sector":[],"industry":[],"class_list":["post-1305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-blogs","category-hiring-and-hr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IWD: 4 Reasons You Should Hire More 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