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.