Imagine a world where women's potential isn't just recognised, but actively celebrated and supported. This year's International Women's Day theme of "Accelerate Action" isn't just a slogan—it is a powerful call to create real, meaningful change.
The Changing Landscape of Women's Economic Power
Let's talk numbers—but not in a dry, statistical way. Women are increasingly shaping our global economy, though the journey is far from complete. Consider these eye-opening insights:
- Women now control 38% of global wealth. This isn't just about money, but about the growing recognition of women's contributions—whether through longer lifespans, successful careers, or navigating life's complex transitions like inheritance and divorce.
- Yet, the leadership numbers tell a different story. Only 12.5% of portfolio managers globally are women, and a mere 8% of global CEOs are female. It is like we are running a marathon with weights tied to our feet.
- The workforce tells a nuanced tale: women make up 42% of global workers but only 31.7% of senior leadership positions. We are present, but not proportionally represented where decisions are made.
The Invisible Barriers Holding Women Back
These aren't just statistics—they are real stories of struggle and resilience. Women face a maze of systemic challenges that can feel overwhelming:
- Financial Roadblocks: Imagine having a brilliant business idea but being consistently overlooked for funding. This is the reality for many women entrepreneurs who face unconscious biases from investors.
- The Networking Challenge: Leadership circles often feel like exclusive clubs where women aren't naturally welcomed. Are those critical conversations happening over coffee or golf? Often, women aren't at the table.
- Trust Dynamics: Here is a fascinating insight—42% of women trust other women to lead companies, compared to just 17% of men. It speaks volumes about deeply ingrained perceptions.
- The Career Interruption Penalty: Life doesn't happen in a straight line, especially for women. Caregiving responsibilities often mean career breaks, which can dramatically impact professional progression.
- Leadership Misunderstood: As people climb corporate ladders, something interesting happens. Emotional intelligence can decrease, with power and results taking precedence over empathy. And since women often excel at relationship-building, this can create a fundamental disconnect.
Empowerment: A Personal Journey
Here is some heartfelt advice for women navigating these challenges:
- Forgive Yourself: Your worth isn't determined by perfection. Those mistakes? They are just lessons in disguise.
- Silence the Over-Apologising: Your voice matters. Stop diminishing it with unnecessary apologies.
- Trust Your Gut: Those instincts? They're your superpower. Learn to listen to them.
- Embrace Your Strengths: Relationship-building, empathy, and creating inclusive spaces aren't soft skills. They are leadership skills.
- Minimise Regrets – Focus on learning and moving forward rather than dwelling on setbacks.
- Be Comfortable in Your Own Skin – Confidence and authenticity are powerful assets in any career.
- Commit to Lifelong Learning – Women naturally embrace self-development, making them well-equipped to outpace competition through continuous skill-building.
The Power of Support
If your workplace doesn't offer mentorship, consider professional coaching. These aren't just meetings—they're transformative conversations that help you recognise and break through self-imposed limitations.
Ready to Unlock Your Potential?
?? If you're ready to take the next step in your personal and professional growth, I invite you to a free discovery coaching session. Let's unlock your potential together! Contact me today at [email protected] to get started.
