Gender balance in leadership provides economic benefits, says Enterprise Ireland

Numerous studies have demonstrated how gender-balanced leadership teams can help businesses grow and flourish globally, yet Irish companies are a long way from achieving gender balance in senior teams.

Levelling the scales will help your business. Stock image

To highlight this issue and to help companies enhance their gender balance in leadership, Enterprise Ireland has launched The Level Project, an initiative that includes a practical online action planning toolkit.

Free to all companies, this toolkit helps companies assess their current situation and put in place real actions to enhance gender balance in senior teams.

The Level Project has its origins in Enterprise Ireland’s action plan for women in business, which recognised that increasing the number of women in middle and senior management and on boards leads to more successful, sustainable, and profitable businesses.

In addition, the plan saw considerable economic benefits that lie untapped in women in their roles both as customers and as talent. In essence, by achieving gender balance, a company is tapping into 100pc of the talent pool and 100pc of the market.

Achieving gender balance is more challenging in some industries than others, but simply taking some steps to enhance the gender balance of your leadership team can have tangible benefits for your business.

For example, visibly championing gender balance can have a positive effect on attracting and retaining talent. Gender balance in leadership also leads to increased creativity and innovation, thanks to the diversity in thought and mindset and a greater understanding of your customer base.

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