Lifestyle

Closing The Gender Gap Is Best For Business: Women Make Businesses More Successful

by Katie Gonzalez
Stock

Hey science, thanks for confirming what we already knew!

We certainly don't need another reason confirming women should be in more senior-level positions, or make as much money as their male counterparts.

But for all those who clearly need more convincing, a recently-released report from the Anita Borg Institute for Women and Technology, a nonprofit organization that attempts to help women in technology-related jobs, has determined that businesses with more female employees and leaders overwhelmingly outperform those that don't.

The report, Innovation By Design: The Case for Investing in Women, is the first of its kind to summarize studies across a number of different disciplines that have all essentially concluded the same thing: When companies include women in decision-making capacities, they thrive.

Of all of the summarized study findings, a few particularly stand out as proving the importance of having women fully incorporated into business' processes:

-"An economist from Carnegie Mellon found that teams that included at least one female member had a collectively higher IQ than teams that had just men."

-"When Fortune 500 companies had at least three female directors, several key factors increased: The return on invested capital jumped over 66 percent, return on sales went up 42 percent, and return on equity increased by 53 percent."

-"Studies in 17 different countries in all different industries found that across the board, having a larger number of women on a team accounts for greater psychological safety, team confidence, group experimentation, and team efficiency."

Women workers contribute to the diversity in a workplace, which lends itself to more creative products and solutions, and therefore better business results.

via Mashable, Photo credit: Getty Images