Female CEOS still make up just over six per cent of the Fortune 500 list in the US.

This is despite studies showing firms with a more significant gender diversity rate, not just in their workforce but amongst senior directors, are notably more profitable than ones without.

There have been more encouragement for more prominent gender equality in recent years while highlighting the need to suppress the gender wage gap.

READ MORE: THIS IS WHY WOMEN ARE STILL PAID 83 CENTS FOR EVERY DOLLAR MEN EARN IN THE US

The businesses that brag about a higher representation of women on their committees surpass the organizations that don’t.

There have been more encouragement for more prominent gender equality in recent years while highlighting the need to suppress the gender wage gap.

Although there have been efforts to fix the issue, there is still a lack of females in leadership role, despite the work of the likes of Mary Barra, CEO of General Motors (pictured) .

Why is women’s leadership so important?

A report by McKinsey & Company revealed that the greater gender diversity is on company boards, the greater the performance rate is.

With every 10 percent increase in gender diversity, earnings climbed by 3.5 percent.

From this information, we can see that those female leaders critically impact a business.

When women become CEOs, they deliver imaginative perspectives, a distinct set of skills, and, importantly, cultural and structural differences that push efficacious solutions.

A new sense of understanding will also follow by bringing an innovative standpoint to the table to pick out the finer details that the naked eye may not notice.

READ MORE: BILLION-DOLLAR BUSINESSES YOU DIDN’T KNOW WERE RUN BY WOMEN

What are the significant challenges for female leaders?

  • The most evident challenge is that the majority of the people in the room are men. However, this gives women a chance to create a long-lasting impression and stand out.
  • A scenario that often revolves around building a supportive network in a space where males dominate. Use this opportunity to pursue good relationships with men and women who will help you in your career path.
  • Usually, in a full-time role, there is more stress, especially if you have your own family to take care of; this can make it tough to balance work and personal life.
  • Unfortunately, expectations for women are set much lower.
  • Women are still seen as more emotional and a lot less decisive than men.

Why do we need more women in leadership roles in the workplace?

  • Women show outstanding leadership values.
  • There will be new perspectives and outlooks.
  • They can balance various amounts of tasks at once.
  • You could reach a better financial result.

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