How Women-Led Companies Must Attract the Workers They Need

A recent survey of female entrepreneurs conducted by the Women Presidents Organization and EY shows that women-led companies around the world aren’t offering the progressive benefits programs necessary to attract the workers they say they need.

The survey included more than 303 women in 25 industries across 26 different countries.  Some of the findings are as follows:

• Less than 60 percent offered employees maternity leave and only 51 percent offered parental leave. About 25 percent offered flexible working arrangements, such as telecommuting, or tuition reimbursement.
• Despite this, more than 35 percent regarded recruitment and retention of talent as the biggest obstacles they faced in scaling their companies.
• More than 40 percent said that having top managerial talent is essential for them to be able to make big strategic decisions and work on what’s next, instead of being mired in day-to-day operations.

Learn more how many women-led companies' benefits programs fall short.

Photo by You X Ventures on Unsplash.

Be Bold and Scale Big

Through the EY Entrepreneurial Winning Women™ program, the EY folks have gained a unique understanding of how to help women entrepreneurs succeed.  Its competition and executive leadership program identifies a select group of women entrepreneurs in the US and Canada whose businesses show real potential to scale — and then helps them do it.

In this article, they cover scaling big:  3 force multipliers for growth, which are contributing substantially to accelerated growth for women-led companies.

News of Interest: Women-Led Companies Confident and Thriving

According to a new study by our very own non-profit, peer advisory group, the Women Presidents’ Organization (WPO), companies led by women are highly confident in the economy, and the positions of their businesses.  The results show that they’re performing well, even outpacing the U.S. national average.  The 2014 Business Outlook Survey was sponsored by KeyBank’s Key4Women program.

Read the entire article:  Women-Led Companies Confident & Thriving, But Need Access to Capital

Photo Credit: ttnk