How to get a 66% increase in ROI – Statistics on #WomenInBusiness

If there’s one thing I love it’s empowering statistics on women in business. The following statistics were published in The Muse on April 8th by contributor, Lily Herman @lkherman.

  • An economist from Carnegie Mellon found that teams that included at least one female member had a collectively higher IQ than teams that had just men.
  • When Fortune 500 companies had at least three female directors, several key factors increased: The return on invested capital jumped over 66%, return on sales went up 42%, and return on equity increased by 53%.
  • Gallup found that companies with more diversity on staff have a 22% lower turnover rate, and if an organization has a more inclusive culture that embraces women, it’s easier to recruit a more diverse staff.
  • A 2012 study on women’s participation in IT patents found that patents with mixed gender teams were cited 30% to 40% more than similar patents with all-male teams.
  • Studies in 17 different countries in all different industries found that across the board, having a larger number of women on a team accounts for greater psychological safety, team confidence, group experimentation, and team efficiency.

For the full story, head over to The Muse.

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