Women Executives: Leadership Role Models (Part 2)

Just in case you are wondering if there is still a stigma attached to being a woman and aspiring to executive and management roles, please read the article below.

I would be very interested to hear your thoughts

Maternity leave will kill your career, recruitment companies warn women
By Jane Hansen The Sunday Telegraph, September 19, 2010

Pregnancy
Refusing to promote a woman because she pregnant is illegal but recruitment agents believe those who take maternity leave are less likely to get ahead.

HEAD-hunting companies say women should forgo maternity leave if they want their careers to flourish.

Refusing promotion to an employee because she is pregnant is illegal, but leading head-hunters admit mothers are more likely to be promoted to top-level positions, such as chief executive officer or board director, if they do not take maternity leave.

“You’re only the parent of a one-year-old for a short time and if an employee is worried about childcare arrangements, uncomfortable, or worrying who’s looking after the baby, then I’m not sure you’ll be focused on the job,” recruitment firm Talent 2’s New South Wales (Australia) general manager Nicholas Tuckfield said of women who return from maternity leave too early.

Mr Tuckfield, who head-hunts candidates for jobs with salaries of more than $100,000, said taking 12 months’ maternity leave in an extremely competitive job market would have a negative impact.

He said at senior executive level, where MBAs were mandatory and long hours par for the course, competition was stiff.

Highly competitive
“On a logical level, if you’re out of the workforce for 12 months you don’t advance your managerial skills and, inevitably, everyone else does,” he said.

“You don’t get to the top doing 37 1/2 hours a week.

“It’s highly competitive, and if you’re an aspiring rising star and take a year out, your star won’t keep rising.”

Julia Ross, who was pregnant when she set up her recruitment agency 22 years ago, said although times were changing, at the executive level it was unforgiving.

“If you’re aiming for managing director, stopping and starting your career will make it tougher to place yourself properly,” Ms Ross said.

“You may even pass up promotions but, hey, it didn’t stop (Westpac Chief Executive Officer) Gail Kelly, did it?”

Fair Work Ombudsman chief counsel Leigh Johns said more than 70 pregnancy discrimination complaints had been made to the agency since its inception in July last year.

Complaints
A prosecution has been launched in the case of a 36-year-old mother-of-one who allegedly was told she might not be able to return to her position as clerical worker and that her pregnancy had “caused inconvenience” for a printing company.

Several of the complaints, including those arising from employers declining to keep a job open, demotion of someone on parental leave, and refusing promotion to an employee because she is pregnant, are currently under investigation.

Mr Johns said women needed to be aware of their rights.

“News of impending parenthood should be met with delight, not discrimination,” he said.

Neil Waters from Egon Zehnder, a company which specialises in placing chief executives, said if a woman was genuinely good at her job she would be given the right to juggle work and pregnancy.

“You can’t put a line through someone because they’re going to bear a child … but there are trade-offs and not everyone can make them,” he said.

“The CEO becomes the company. It’s hard work, 18 hours a day, six days a week, and it’s an enormous commitment.”

Slow change
Other top level executive recruitment officers, such as Heidi Mason from Russell Reynolds, said the findings were a reflection of an old, conservative view which was slowly changing.

“I think there’s a perception that there’s an impact, but we’re starting to respect that men and women who balance their lives make better leaders,” Ms Mason said.

But the fact remains that only two per cent of chief executive roles are held by women, and men outnumber women on boards by 10 to one.

The NSW Anti Discrimination Board president Stepan Kerkyasharian said there are unwritten rules at play that explain the deficit of women in the upper echelons of business.

“Some recruitment agencies may be complicit in this, a client says to them ‘no, we don’t want a women who might get pregnant’ wink, wink, nudge nudge,” he said.

Women Executives: Leadership Role Models (Part 1)

If you think 21st century women have it made as top flight executives, Chief Executive Officers and the ultimate holy grail of governance as Chairman of the Board of a multi national corporation, think again.

Male captains of industry have been fortunate to have so many outstanding male examples to model as they ascend the corporate ladder. In fact there is an embarrassment of riches with regards to asking and getting a strong and positive mentor to help them grow and develop into the top job.

The same cannot be said for females. Women executives in leadership positions are few and far in between according to some statistics I uncovered.

A 2008 Australian Census of Women in Leadership published by the Equal Opportunity for Women in the Workplace Agency found that the number of women on boards and executive management of Australia’s top 200 ASX (Australian Stock Exchange) companies could be counted on fingers on one hand (with one digit to spare).

The percentage of women as Chairman and CEOs were 4 of 200 (2.0%) in each category; board of directors numbered 125 of 1504 (8.3%).

There was no female on the board of directors in 51 % of these ASX 200 listed companies.

Because we see more women in business suits today (than say in the 1950s) there is an assumption that they must occupy executive management positions. The reality is that there are more women in middle management positions in human resources, finance, medical and health administration, and real estate and property businesses today than any other time.

However, at the pointy end i.e., top management where the real game is played, women are under represented.

In 2010, only 2.8 percent of Fortune 500 chief executives were female.

I believe that sisters need to do it for themselves.

Specifically they need strong, smart and compassionate female role models to help them navigate their way through the management maze.

How will they do this? I will discuss some strategies in my next post.

Yours in health, wealth and happiness

Goodbye Corporate World, Hello My Own Heart Centered Successful Business

Hello all

I had the pleasure of interviewing Blanca Vergara sometime ago. Her story is inspiring, and I hope it will give you that little push to take action and change the course of your life.

Enjoy the read and click on the live link at the end to hear her truth.

Blanca Vergara had it all- the power, prestige, a plum executive management position in one of Europe’s leading companies. But that was not enough and eventually she broke free of the golden handcuffs to start her own executive business performance consultancy.

She listened to her internal wisdom, one that manifested spectacularly as a vivid dream, so startling that in her own words, she ‘jumped out of bed to write this vision down”.
Having found her authentic self Blanca’s business underwent an extraordinary growth, as her perfect clients began beating a path to her door.

Today she coaches people who recognize that they want more in their lives and have up until now been trading their life force for a paycheck.

Her clients are people who want to follow their passion and purpose and make a meaningful contribution to this world.

She guides and leads them in this transition process where their souls are enriched as they do what really moves their heart whilst giving them the practical marketing, positioning and business tools to not only survive but thrive in their chosen business niche.

If you a budding heart centered entrepreneur who is ready for the next step, this is a sign to connect.
Interview with Ms Blanca Vergara (unlinked)

Yours in health, wealth and happiness