This piece from Fortune shares thoughts from 11 female CEOs and Founders as they navigated running their companies while also managing pregnancy, birth and post-partum. Given that more than half of the female-founded companies to achieve valuations of at least $1 billion this past year have founders younger than 40, it is likely that this topic will become increasingly relevant. Click the link above to read more!
Beth Ford was appointed CEO of Land O’ Lakes in 2018. Her appointment marked the first time a woman had led Land O’Lakes in its 101-year history, and Ford also became the first openly gay woman to become a Fortune 500 CEO. She credits her mother with some of the best career advice she ever received – that being “If you want something, you should ask for it.” Ford carried that lesson into her personal and professional life as she has made a priority of speaking up for herself. To read more about her experiences, read this article from CNBC.
Studies have found that women tend to have less financial literacy than men. Given the number of resources available, this statistic can truly become a thing of the past. This article in GO Banking Rates highlights advice from female money experts and is worth scrolling through even if you think your finances are in great shape.
One expert shared that all women need to have control of “the big three” – being consumer debt free (no credit cards or auto loans); having an emergency reserve fund; and be contributing to a retirement plan. Other experts share advice including the importance of paying yourself first, having a handle on your cash flow and max-ing out any savings plans with tax advantages. The best piece of advice though is that there are no more excuses. Use the resources you can find and take the time and make sure your financial literacy is strong!
This article featured in Fast Company highlights the five lessons from Alan Henry’s new book, Seen, Heard, and Paid: The New Work Rules for the Marginalized. His book is intended as a guide for employees who find themselves often marginalized – including people of color, women, and those in the LGBTQ+ community. It is also a great read for leaders who want to make sure that their companies and teams are serving all employees well. Some suggestions from the book include: learning to collaborate, leveraging remote work options to work best for you, acknowledging when it is time to leave toxic work environments that aren’t likely to change, and making sure to have a solid work-life balance as well as time for reflection.
Studies over time have found that when women step into executive roles at a company (CEO, CFO, director, etc), the company will experience an increase in profitability – in one study that increase was 15%. On NPR’s Planet Money podcast The Indicator, this reality is explored with Professor Corinne Post, a professor of management at the Villanova School of Business. One of the interesting findings in Professor Post’s research was that “after women were appointed to top executive positions, two things happened. A management team’s tendency to take risks dropped by between 13 to 14%, and then their willingness to become more innovative – their openness to new ideas – that increased by about 10%.” To hear more about the research and a discussion on the topic, listen to “The Indicator” podcast.
With the world slowly returning to normal after the pandemic and more businesses asking their employees to resume domestic and international travel, we thought this piece might be useful to share. Small Business Trends highlights a list of 18 safety tips that women should keep in mind when hitting the road.
The article “The Shocking Ways Data Bias Makes Women ‘Irrelevant,’ and What We Can Do to Stop It” in Entrepreneur shares some starling information about how data specific to women is often not analyzed or even captured — from business to technology to medicine and other practical aspects of life. The article explains why this has become the standard and then shares advice on how we can work to reverse this reality in our personal and professional lives.
There is an ongoing stigma that once a woman becomes a mother, she will stop caring about her professional responsibilities and be a less valuable employee. Interestingly, the same rules don’t apply to men – in fact, while women see their earnings drop by 4% for each child they have, men’s incomes increase by 6% per child that they have. So what can be done? This piece in GoBankingRates discusses the issue in greater detail and shares recommendations on how to avoid this penalty.
This piece from Southern Poverty Law Center highlights over 30 women (including inspirational quotes from each) – including Rita Moreno, Megan Rapinoe, Gloria Steinem, Alice Walker and more.
Unconventional times can create impactful change. Syrian women have begun to be elected as camp leaders in their Lebanese refugee communities. While these women would have been expected to stay at home in their native Syria, the turmoil caused by war has begun to shift some of these traditional norms. One of the female leaders who heads up camp of hundreds of refugees, Hind Al-Haad, stated,”Circumstances can either form obstacles or push [women] forward.” Learn more about these amazing women in this BBC piece.