Member Article

Women in business - the genie in the bottle

Women in business – the genie in the bottle

By Aki Stamatis, workplace specialists - the Fourfront Group

News that UK firms will be required to publish gender pay audits is to be applauded. Gender diversity in the workplace has been ignored for too long by UK PLC and it’s about time businesses that fail to employ, support and promote women are named and shamed.

Why am I so passionate about this topic? Because I am acutely aware of the invaluable contribution women make to a business. My opinion is not study- based - although McKinsey in its Diversity Matters report states ‘gender diverse companies are 15% more likely to outperform the least diverse’- it’s formed from experience.

The Fourfront Group operates in the construction industry and in particular the fit out sector. This is an industry with only 24% of women on FTSE 100 boards. Small companies are less diverse with woman accounting for 18% of directors of FTSE250 boards and in fit out this is even lower. The reality is that a major source of talent, innovation and business intuition is not being tapped into.

Last year I launched Women in Fourfront – a 10 month programme of group workshops and individual coaching aimed at women within the business.

Starting in May 2014 and concluding in March this year, we ran four workshops for 15 women focusing on; confidence, communication, contribution, credibility and career success. Participants were supported by personal profiling, individual coaching sessions, support creating a development plan and 360 degree feedback sessions. All women have a mentor to help further develop their skills and the aim is for them to mentor the third set of participants in the 2016 programme. A second programme launches this summer.

So has Women in Fourfront achieved its goals to encourage greater gender diversity and enable people to be the best they can be?

I think so.

We have more women securing promotion and initiatives/ideas that originated in the programme are now being implemented Group-wide. Peers and clients describe us ‘as enlightened’, but to me this is just common sense; such initiatives simply recognise the talents and abilities of all our people.

I’ve seen a significant change in how some women in our business perform and interact with others, plus it’s unleashed unprecedented interest in the overall progression of our business.

Participants have emailed me advising the programme was ‘life-changing’. Unleashing the potential of women in business is an excellent way to grow and develop organisations and if any further proof was needed, last year we recruited 100 people bringing our head count to 240. In preparation for future growth we’re moving offices in London - we’re also based in Egham and Heathrow - and are set to post a £120m+ turnover for 2014-2015.

Programmes like Women in Fourfront can play a key role in building any business to be more honest, open and focused on developing its people and recognising their potential.

And that’s just got to be a better business.

It’s just having the courage to let the genie out of the bottle.

Ends

This was posted in Bdaily's Members' News section by Fourfront Group .