Companies striving to break the glass ceiling can deploy several tactics to promote transparency in hiring and retaining women and minority employees. Large public companies including Facebook, Microsoft, and Google have led the way in this promotion by revealing internal data concerning the racial makeup of their workforce.
One of the key ways that corporations can remove the glass ceiling is by demonstrating behaviors that value diversity. This can be accomplished in three steps.
- To respect cultural, religious, gender, and racial differences.
- To manage and work with individuals from different racial or cultural backgrounds.
- To promote overall demographic balance within an organization; one that relates to the demographic makeup of a company’s broader geographic area.
Being a diverse company has several tangible benefits. Ethnically diverse companies are 35 percent more likely to outperform non-ethnically diverse companies, and gender diverse companies are 15 percent more likely to outperform their non-gender diverse counterparts. Studies also indicate that a company’s earnings rise 0.8 percent for every 10 percent increase in racial and ethnic diversity they deploy.
The University of Ohio in the United States has produced an interesting Infographic about The Glass Ceiling frustrating Women and Minorities in Business. Although statistics pertain to the US only, it’s very insightful, especially the reference made to the Success Stories of the Tory Burch and Sheryl Sandberg Foundations. Sandberg’s book, Lean In, made a big impression on me when I read it a few years ago and it’s a book I would recommend to all young professional women.
