Companies with practices that support greater gender diversity are rated more effective by their employees across a range of topics than those that do not, according to an analysis by leading global advisory, broking and solutions company Willis Towers Watson. Additionally, companies that offer supportive family services and health education programs for women provide better environments for finding work/life balance and managing workloads.
The analysis links diversity practices with opinions from 1.7 million employees surveyed by Willis Towers Watson at 32 major companies that are included in the 2019 Bloomberg Gender-Equality Index (GEI). The employee attitude data are integrated with Bloomberg data on gender-related programs and practices to examine linkages between gender-diversity policies and employee opinion. The GEI tracks the financial performance of companies that are committed to advancing women in the workplace through disclosure of gender-related data.
Among the key findings from the analysis:
• Companies that grant a higher percentage of promotions to women generate more favorable employee views, especially opinions of senior leadership. The advantages are most apparent when at least one-third of promotions go to women.
• Companies with more women among their most-compensated staff have more favorable employee attitudes, especially for opinions of career development. The advantages are most apparent when at least one-third of women are among the top 10% highest compensated executives.
• Offering family-supporting and health-enriching benefits, such as adoption assistance and women’s health education, are linked with more favorable views of work/life balance and the ability to manage workloads.
“We are seeing more and more companies making gender diversity and equality a top priority, and rightfully so,” said Laura Sejen, managing director, Human Capital and Benefits, Willis Towers Watson. “As our analysis shows, even small steps can make a difference. Companies that are making a push toward gender diversity are experiencing a meaningful and positive impact on employee attitudes toward leadership, career development and other aspects of the workplace.”
“The results from this study echo what we have learned through our work with the GEI: Diversity is good for business,” said Kiersten Barnet, global head of the Gender-Equality Index. “Disclosure not only pushes each organization to take a data-led approach to their own practices but also inspires other employers to do the same across the broader inclusion and diversity spectrum.”
With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. The company designs and delivers solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Learn more at willistowerswatson.com.
Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.
For more information on Bloomberg or the Gender-Equality Index, visit bloomberg.com or bloomberg.com/gei.
Return to the 2023 Diversity, Equity + Inclusion Awards recap
