The Female Economy

Women currently control about $20 trillion in global annual consumer spending, a figure which could climb to $28 trillion in the next five years. Their $13 trillion in total yearly earnings could reach $18 trillion in the same period. In aggregate, women represent a growth market bigger than China and India combined. Continue reading

Gen Y2: Managing and Developing Young Professionals

In ‘The Guide to Managing and Developing Young Professionals’, what Gen Y (or Millenials) want from the workplace is assessed and presented along with best practices on how to recruit, manage and develop young professionals. This survey of over 2,300 respondents helps identify the most important aspects of a job for individuals of different generational backgrounds and fields of work. Four areas are covered in-depth, including recuitment, rentention, management and development. Continue reading

Corporate Gender Quota II: National Level

In January 2011, the French government passed a gender quota law for corporate boards, which will become legally binding in 2017. Medium and large companies are now required to fulfill 40% women in their administrative and supervisory boards. Board decisions will still be valid for companies which do not meet the quota, but board election will be invalidated and members will not be paid for attending meetings. Continue reading

‘Flexible Work Models: How to Bring Sustainability in a 24/7 World’

For business leaders, a major task in a talent-starved global economy is to attract, retain and promote outstanding performers. In the constant war for talent, flexible jobs can be a powerful tool to overcome this challenge. As some 86 percent of Millennials expect flexibility from their employer, this new research by Bain & Company shows the benefits of a tailored, widely-used flexible work system. So far, very few companies have mastered the art of carefully designing and implementing effective flexible job models. Continue reading

Gender Quota I: Davos World Economic Forum

The World Economic Forum has introduced a quota for female executives at the 2011 Davos summit and at least one of the five delegates sent by “strategic partners” must now be female. A WEF spokesman said, as a membership organization, there is a limited amount that they could do to improve female representation in boardrooms and governments and the quota is a way to nudge members in the right direction. Continue reading

Tools to Reduce Gender Pay Gap

In the latest salary survey by the UK-based magazine ‘Financial Director’, analysts have discovered that the pay gap between male and female finance directors has widened over the past two years. Women are now earning 68 percent of the average remuneration package of their male counter-parts – two percent less than the numbers in 2008. Employment lawyers suggest that Continue reading

Gen Y1: A Communication Perspective

In the recent study ‘Millennials in the Workplace: A Communication Perspective on Millennials, Organisational Relationships and Perform-ance’, Professor Karen Myers and Kamyab Sadaghiani from the University of California, Santa Barbara investigate the impact of communicated values and expectations of Gen Y. Many ‘Millennials’ have distinctive characteristics that may make interacting with them different from with previous cohorts, but then again, each generation has arrived in the workplace with its own unique set of qualities. Continue reading