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Teams with gender parity achieve better results across the board: Sodexo finds
Food services and facilities management company Sodexo, has found that teams managed by a balanced mix of men and women are more successful across a range of measurements.
The five-year, one-of-a-kind study of 70 entities across different functions represents 50,000 managers worldwide.
Operating margins, client satisfaction and employee retention, among other key performance indicators, were all higher among gender-balanced teams, meaning a ratio between 40% - 60% women to men.
"These results add a new, compelling dimension to a growing body of research that demonstrates the business benefits of gender equity," says Rohini Anand, PhD, senior vice president, corporate responsibility and global chief diversity officer, Sodexo.
"The distinctive nature of the study, with its examination of both financial and non-financial performance indicators across so many levels of management and the pipeline to leadership, is a significant piece of the overall picture on importance of gender in the workforce for enhanced outcomes."
Key findings of the study:
* Operating margins significantly increased among more gender-balanced teams than other teams.
* Gender-balanced entities had an average employee retention rate that was eight percentage points higher than other entities
* Gender-balanced entities had an average client retention rate that was nine percentage points higher than other entities.
* Gender-balanced management reported an employee engagement rate that was 14 percentage points higher than other entities.
* Gender-balanced entities saw the number of accidents decrease by 12 percentage points more than other entities.
This Sodexo Gender Balance Study builds on previous internal and external research and amplifies Sodexo's commitment to gender parity and an inclusive culture.
Today, women represent 50% of Sodexo's board, while 32% of senior leadership positions are held by women globally - a 6% increase at the very top levels since 2013. Middle management and site management positions are balanced at 46%. Currently, 59% of the total workforce works within gender-balanced management.
Founded in Marseille in 1966 by Pierre Bellon, Sodexo now operates in 80 countries
and has 427,000 employees.
15th March 2018