Companies that have a significant presence of women across hierarchies are known to have better policies in place. In fact, according to MKinsey’s Women in the Workplace 2023 report, top-performing companies with a higher representation of women and women of colour than their industry peers have better training programmes in place for their managers.
For instance, 87 per cent of the top-performing companies organise manager trainings on how to cultivate a growth mindset and willingness to evolve as a leader, compared to 68 per cent of other companies. A whopping 78 per cent of the top-performing companies conduct manager trainings to teach them to effectively support employee well-being. Most (99 per cent) of the top-performing firms, train their managers on fostering diversity, equity and inclusion, compared to 85 per cent of their peers in the industry. A good 91 per cent train their managers on ways to build trusting relationships with teams.
About 72 per cent offer training on how to proactively and intentionally communicate with teams across different work models. About 75 per cent impart training to managers on mentoring and guiding employees across different working models, while 81 per cent evaluate employees basis their contribution to a positive culture. A significant 65 per cent of the top-performing companies evaluate employees for fostering DEI.
About 67 per cent of top-performing companies in the US offer career-development programmes with tailored content for women, compared to 48 per cent of the other companies. About 45 per cent of the top-performers have career-development initiatives with tailored content in place for women of color compared to 24 per cent of other firms.
It is heartening to note that 93 per cent of the top-performing firms have employee resource groups or ERGs with tailored content for women, compared to 83 per cent of their peers. Of these, 61 per cent have ERGs with content tailored for coloured women.
Quite a significant percentage (80 per cent) of the top performers regularly audit DEI policies and programmes, while 64 per cent conduct root cause analysis of DEI challenges to design targeted solutions.
While 43 per cent of the top companies offer childcare reimbursements, 84 per cent offer support to employees who are caring for elderly or ailing family members.