Thursday, August 26, 2010

Inequality in the Workplace Still Exists

A recent study by Indiana University South Bend found that there is still considerable inequality in the workplace when it comes to use of informal networks for professional advancement. The study evaluated informal networks at one of the nation's largest financial services organizations using a nine-page survey completed by 1,100 employees. Despite women's years of experience or length of time with the organization, the study still found that men are much more likely to assist other men in getting promoted. Senior leadership positions at the company surveyed, as is the case at many other organizations, were predominately held by men, even though women outnumbered men in total throughout the company.

This situation is not uncommon at public accounting firms as well. Men hold many of the partner and leadership positions at firms, while women dominate the entry-level positions. So what should an ambitious woman in public accounting do to change this trend? For one, women looking for mentorship and networking opportunities can join organizations or like-minded professionals such as the American Society of Women Accountants. Many of the national accounting firms also have committees or formal networks specifically for women, such as KPMG's Network of Women. Through such outlets, you can learn from the few women who have successfully challenged the trend of male leadership in business, and leverage their guidance and opportunities to advance your own career. You also need not shy away from taking on leadership positions in co-ed professional organizations or on your audit teams at work. Just because this study proves that we still have a long way to go in achieving workplace equality between men and women doesn't mean that you as a woman shouldn't work toward changing the tide.

For further information about the Indiana University South Bend Study, visit http://www.torontosun.com/life/2010/08/17/15048606.html.

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