Shatter the Glass Ceiling: Empowering Young Women in Finance at Sacred Heart Academy

Shatter the Glass Ceiling: Empowering Young Women in Finance at Sacred Heart Academy

In January 2024, data showed that only 26.4% of registered economists worldwide are women. To address this gap, Sacred Heart Academy in Hempstead, New York, introduced the Rock the Street, Wall Street (RTSWS) program last fall. This financial and investment literacy initiative empowers high school girls to explore careers in finance.

Through engaging activities, students learned practical financial skills like budgeting for different lifestyles. After six enriching weeks of the program, students visited Molloy College, where they participated in a fun business quiz game and learned about Molloy’s summer business programs.

Sophomore Gabriella L. noted, “The program was run by women who were alumnae from Sacred Heart, creating a positive and comfortable learning environment that encouraged me to consider pursuing my interest in finance and economics.

RTSWS fosters a sense of inclusivity for girls, providing them with role models and helping them build the confidence needed to thrive in a field often dominated by men. By participating in this program, Sacred Heart students are breaking the glass ceiling, gaining financial knowledge, and leading the way to a more equitable future in finance and economics.

Read the full article:
https://nypost.com/2024/05/07/lifestyle/shatter-the-glass-ceiling-school-program-empowers-young-women-in-economics/

How Companies are Rebranding Diversity Initiatives Amid Changing Landscape

How Companies are Rebranding Diversity Initiatives Amid Changing Landscape

As American businesses navigate evolving social, legal, and political dynamics, many are rebranding their diversity and inclusion efforts. Companies like Starbucks, Eli Lilly, and Molson Coors are replacing explicit terms like “Diversity, Equity, and Inclusion (DEI)” with broader concepts such as “talent” and “inclusive culture.”

Key Changes:

  • Eli Lilly: Removed “DEI” from its annual proxy statement while emphasizing workforce diversity.
  • Starbucks: Shifted representation goals to “talent” metrics for executive bonuses, while maintaining diversity targets.
  • Molson Coors: Rebranded its “People & Planet” metrics to focus on fostering an “inclusive culture.”

Legal considerations, like the Supreme Court’s ruling on affirmative action, have led many companies to revise their diversity strategies. Despite the changes, a majority of surveyed executives remain committed to enhancing inclusion programs.

Consultant Perspectives:

  • Johnny C. Taylor Jr. (SHRM): Advocates prioritizing inclusion by rebranding DEI to “IED” (Inclusion, Equity, and Diversity).
  • Eric Ellis (Integrity Development): Notes that rebranding diversity programs has occurred periodically since the civil rights movement.
  • Rhonda Moret (Elevated Diversity): Highlights a shift towards “Leadership and Inclusion” while balancing terminology changes with core values.

While the terminology is evolving, the goal remains consistent: fostering diverse, inclusive workplaces that reflect company values and comply with the changing legal landscape.

Read the full article:
https://css.washingtonpost.com./business/2024/05/05/dei-affirmative-action-rebrand-evolution/

Insights from Deloitte’s “Women @ Work: A Global Outlook 2024”

Insights from Deloitte’s “Women @ Work: A Global Outlook 2024”

In its fourth iteration, Deloitte’s “Women @ Work: A Global Outlook” continues to explore the complex landscape of challenges and barriers that women encounter in the workplace. This year’s report, drawing on responses from 5,000 women across 10 countries, offers a stark reflection on the state of gender equality and workplace inclusivity.

Persistent Challenges and Mental Health Stigma

The 2024 report underscores a persistent theme: the significant mental and physical health challenges faced by women, which are exacerbated by high stress levels and extensive working hours. Despite some improvements in workplace flexibility and hybrid work models, many women still report feeling excluded and undervalued, which contributes to ongoing mental health concerns.

The Impact of Domestic Responsibilities

One of the more pronounced findings is the impact of domestic responsibilities on women’s careers. The report highlights that women continue to bear the brunt of household and caregiving duties, even when they are the primary earners. This unequal distribution of domestic labor not only affects their mental health but also limits their career advancement opportunities.

Health Challenges and Workplace Support

Health issues related to menstruation, menopause, and fertility were reported as significant concerns that affect women’s work attendance and performance. The stigma surrounding these issues often prevents women from seeking support or taking necessary time off, impacting their productivity and well-being.

Safety and Inclusivity in the Workplace

Nearly half of the respondents expressed concerns about their safety at work, citing experiences of harassment and microaggressions. This indicates a critical need for workplaces to enforce stronger policies that protect women and promote a culture of respect and safety.

Gender Equality and Organizational Change

Interestingly, the report identifies a small segment of workplaces known as “Gender Equality Leaders,” where women feel supported, safe, and valued. These organizations are characterized by their proactive approaches to fostering gender equality and supporting women’s career advancement.

Looking Forward

The findings from Deloitte’s report serve as a call to action for organizations worldwide to reevaluate their policies and practices concerning gender equality. Creating supportive, inclusive, and equitable workplaces where women can thrive is not just a moral imperative but also a business one, as diverse leadership has been shown to correlate with better overall performance.

Deloitte’s “Women @ Work: A Global Outlook 2024” is a crucial resource for understanding the barriers that women face in professional environments and offers valuable insights into how these challenges can be addressed. For a deeper dive into the report and to explore detailed findings, read the whole report: https://www.deloitte.com/global/en/issues/work/content/women-at-work-global-outlook.html

FinLit Month: Conversation with Founders Maura Cunningham & Sallie Krawcheck Introduced by Ashley Leftwich

FinLit Month: Conversation with Founders Maura Cunningham & Sallie Krawcheck Introduced by Ashley Leftwich

Ellevest and Rock The Street, Wall Street founders, Sallie Krawcheck and Maura Cunningham, led a candid discussion on the crucial benefits of young women investing. They break down the power of investing, the importance of financial independence, and what it’s like to be a woman in the financial industry. With Ellevest now managing over $2 billion in women’s wealth and RTSWS bringing the M in STEM to diverse high school girls across 25+ cities in 3 countries, this discussion includes colorful stories from the past and bright insights into the future. RTSWS’ Ashley Leftwich introduces this important conversation, celebrating Financial Literacy Month in April and throughout the year.