Benefits of Diversity in the Workplace and Education

Businesses and academic institutions need to improve diversity to ensure that people of all socioeconomic backgrounds, races, ethnicities, sexual orientations, and genders are represented. Improving diversity not only has a positive impact on the organization, but also on individuals and their wider communities.

President Barack Obama noted in a 2016 presidential memorandum, “Research has shown that diverse groups are more effective at problem solving than homogenous groups, and policies that promote diversity and inclusion will enhance our ability to draw from the broadest possible pool of talent, solve our toughest challenges, maximize employee engagement and innovation, and lead by example by setting a high standard for providing access to opportunity to all segments of our society.”

As Obama highlights, it’s clear that diversity has measurable benefits, including:

Increased creativity and innovation: A wide range of perspectives can lead to better solutions. 

Improved understanding of value sets: A more diverse group of professionals will have a better understanding of colleagues’ and clients’ different belief systems.

More effective problem-solving: Different people have different backgrounds and experiences to draw on.

Enhanced communication: People who speak the same language or otherwise share similar backgrounds, may be able to communicate more effectively.

Boosted employee engagement and retention: People take pride in working for companies that are making a positive impact.

It’s critical that organizations increase representation in healthcare in order to improve employee and student engagement and build stronger communities. Additionally, the majority of employees (57%) want their employers to improve diversity and about 9 in 10 believe their organization needs to do more to increase representation.

In order to increase diversity companies can take the following steps:

  • Commit to diversity: Evidence suggests that institutional commitment to diversity leads to fewer reports of discrimination and bias.
  • Increase access to education: Everyone should have equal opportunity to get a quality education. Increased access to educational opportunities also aids people in earning more over their lifetime.
  • Build an inclusive environment: Prove to employees, students, and customers, as well as the community at large, that diversity is a core value of the organization.
  • Create a mentoring program: Help people learn to best navigate academic and professional environments as well as to feel supported.  

The visual below from the University of St. Augustine shares additional information about the importance of promoting diversity and ways to increase representation.

Promoting Diversity: Lessons on the importance of creating a diverse environment is integral to success.
Attribution to University of St. Augustine: https://www.usa.edu/blog/diversity-in-healthcare/
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What is the Broken Rung?

Female Entry level workers seeking career mentors

“Not all storms come to disrupt your life, some come to clear your path”, wrote Paulo Coelho. Now, Coelho wasn’t referring to the global coronavirus pandemic when he penned this, but it fits perfectly. Adversity disrupts and we can either exist in rubble or use it as an opportunity for change. 

This especially pertains to the gender gap in the workplace. A recent article from McKinsey found that nearly 1 in 4 women are considering a downshift, if not a full exit from the workplace entirely. This is a storm we need to avoid as it would unravel any advancement made for gender parity over the past couple decades. 

However, what this adversity also highlights is what was wrong with the workplace prior to the pandemic, and how we might use the pandemic to leverage a clear path and eradicate past discrepancies. One fault being the “broken rung”, or the gender gap in entry-level managerial positions. 

Women hold only 38% of entry-level managerial positions as opposed to men who hold 62%. This gap widens for Black women (only 58 Black women to every 100 men) and Latinas (only 71 Latinas to every 100 men). And, concerningly, if you dig into this discrepancy, the reasoning seems to come down to gender bias.

When you’re an entry-level worker you have a short track record at your company. You’ve likely spent under a year working at the company and some of that time was spent training. Entry-level workers also don’t have a developed expertise yet. However, these are the things that are evaluated when considering who to promote.

So, with a short track record, limited work experience and novice expertise, how do you decide who to promote from entry-level to managerial positions? Based on the numbers, it comes down to gender bias. As women spend more time in positions and grow in their careers, the bias gets to be expelled through proven experience. However, that first-step up and early on in their careers, gender plays a role in promotions. 

This is unacceptable as fewer women in entry-level managerial positions leads to fewer women in mid-level positions, and fewer women in senior-level positions and so forth. This “broken rung” needs to be addressed, and we can’t wait on turtle-paced corporations to make the change.

The pandemic has led to complete disruption, especially in the workplace. It’s important to recognize that disruption and not just return to the old “normal”, but to use it as a chance to right historic wrongs. As Coelho said, use the storm as a mode to clear a new path. 

Now, that’s abstract, but how can we tangibly amend this faulty rung in the corporate ladder? By taking a few empowered steps:

First, find a mentor. Having a mentor makes you five times more likely to get a promotion. So, get to scheduling those virtual meetings and preparing polished talking points because having a mentor will exponentially increase your odds of advancement in the workplace. 

Next, learn something new. Make continuous learning a hallmark of your professional career. Whether that’s attending an online business school or reading an industry book, bringing value to the table makes you indispensable. And more often than not, you can reap that value by learning something new. 

Then, take on the job. Before you get the title, do the job. Take on all the responsibilities of the desired position so that when it comes decision time there will be no doubt that you’re qualified and deserving.

Finally, and most importantly, know your worth. This will carry you through it all. If you get passed up for a position you know you deserve, having a strong sense of self-worth will empower you to advocate for yourself. If bias plays a role in the decision, be able to call it out by knowing your worth and acting accordingly. 

While it’d be ideal to have an equal playing field for all demographics, corporations play into gender discriminatory patterns like the “broken rung”. By bringing an awareness to it, we can hurdle over the bias with an empowered mindset and faith that slowly, but surely, gender parity will be realized in the workplace. An optimistic indicator of the advancements women have made is the record-high number of women attending business school. This signals that maybe in a few years or decades, women won’t have a “broken rung” in there ladder. Instead, it’ll be as sturdy as any ladder a man would climb. 

Sources: McKinsey | GreatBusinessSchools | Guider

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18 Passive Income Ideas for 2020: Which Is Right for You?

There are many different avenues for reaching financial fulfillment. Many work hard towards reaching new milestones at work while others pour time into investing, and others create passive income that pays off in the future. Passive income is a source of income that generally increases your budget over time. Ebooks are the perfect example for this. If you were to create an ebook about your expertise, it may take a few hours here and there to create, with minimal updates in the future. If you release this ebook, it could earn you money while you sleep. 

If you’re looking to boost your financial portfolio and establish an action plan to grow your bank account, check out our hot tips below. 

18 Passive Income Ideas for 2020: Which Is Right for You?

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Female Founders: Tips to Navigate Raising Venture Capital + Entrepreneurship

female Entrepreneurship

For female entrepreneurs, it’s no secret that raising money to build a business is tough. Often, being a woman in a male-dominated industry is an uphill battle. However, women everywhere are breaking barriers to prove they deserve equal opportunity and funding just as any other founder. 

Beyond learning to say no to the wrong opportunities, funding your startup or new business is crucial for growth. Whether the money comes from friends and family or a venture capital firm, access to capital isn’t created equal. Less than 10 percent of decision-makers at VC firms are women. Not only is the VC gender gap wide, but so are the deal stages and investments. Only about 3 percent of funding across the nation is put towards female-led companies. 

However, women aren’t letting this stop their passion or mission. There are many well-known female-led venture capital firms to look for. Some include Female Founders Fund, BBG Ventures, and Halogen Ventures to name a few.

For in-depth data and additional information on how to navigate this tough industry, check out Embroker’s guide all about female founders in venture capital. It covers leading metro areas for female-founded startups, how the data trends compare to mixed-gender companies, and specific VC firms that should be on your radar, and the value of investing in female-led startups.

As a female entrepreneur, there’s power in numbers. Seek mentorship, advice, or insights from other female founders who have gone through similar milestones. Everything from networking in your industry and building an ecosystem of support to breaking down your financials early on is important to reach success and achieve your mission. 

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How to Empower Yourself and Learn to Say No

infographic when and how to say no

Everyday, we receive requests for our time, energy or support. Between friends, family, coworkers and romantic partners, these requests can sometimes be overwhelming.

It’s easy to focus more on fulfilling these requests than caring for ourselves, whether because we want to make our loved ones happy or because we fear saying no will make us appear unreliable or rude. 

But the reality is, saying yes to every request we receive can be harmful to our physical and emotional health. 

Overexerting ourselves can lead to exhaustion, burnout, stress and anxiety. It’s important to learn how to say no so we can learn how to prioritize ourselves and our needs before catering to those of others. 

The first step to learning to say no is realizing that everyone needs to decline offers, invitations and requests sometimes. Doing so doesn’t make you look rude, incompetent or disagreeable — it just makes you look human. 

Here are some tips for how to say no and how to say it right: 

Please include attribution to bestow.com with this graphic: https://bestow.com/blog/how-to-say-no/'><img src='https://res.cloudinary.com/dh47lnicu/image/upload/v1587165683/how-to-be-fulfilled_q56ggi.jpg
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Celebrating Women in Automotive History

women inventors of the motor industry

Everyday, women fight gender-pay gap and gender-based stereotypes. In fact, many women in male-dominated industries often have an uphill struggle to prove the value of their work. One of the largest industries that still have a significant underrepresentation of women in managerial and executive roles is the automotive industry. 

Although women make up the majority of clerical-type roles, positions in engineering, design, and C-suite among others, consist of less than 20 percent women — many times those percentages are in the single digits. For some encouraging news, CarRentals recently published a timeline celebrating women in the auto industry along with their incredible contributions.

A great way to encourage young women to pursue careers in STEM or in a male-dominated industry is to draw inspiration from those who have paved the way. Healthy mentors and idols who show young girls what can be done despite adversity or pushback from others, can help boost confidence and resilience. From the ingenuity and tenacity of these women, it is easy to see why more women in leadership positions in industries, like automotive should happen.

Graphic Attribution to https://www.carrentals.com/blog/

timeline of women in motor history

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How to become a Shero of Women’s Rights

March is International Women’s Month, and although it may not feel like year’s past, there are still plenty of ways to celebrate female empowerment and mark the holiday! One way is to appreciate all the “sheroes” in our society who make a positive impact every day to challenge gender inequality and empower others. 

What is a Shero?

A shero is defined as a woman admired or idealized for her courage, outstanding achievements, or noble qualities; a heroine. The term shero originated in 1836 during the suffrage movement but can still be used today to describe a woman who lives her life geared at championing equality. Sheroes are vital to society because they support, encourage and push every woman to be better and expect more from the world. We believe a shero can be everyday people who support diversity and have a strong character and sense of self. Anyone at any age and from any culture or background can be a shero. 

How to Become a Shero?

To help you get started, FTD has collected tips and traits from common day sheroes to help you pass the baton and pave the way to a brighter future. Learn how to become your own shero and be a trailblazer for the next generation of lady heroes:

whos your shero infographic

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How to Master your Salary Negotiation: A Visual guide

women history month salary negotiation

When you are in the position to accept a job or a promotion, negotiating a raise should be your next exciting step. Unfortunately, salary negotiation is often overlooked. People build negotiating up in their minds to be an intimidating experience and decide to opt out. But that is leaving money on the table and it is especially important for women not to fall into this trap.

One study showed just 12.5% of women negotiated their starting salary compared to 52% of men. Women rob themselves of hundreds of thousands of dollars of their lifetime earning potential if they opt out of negotiating their salaries. It’s time to fight imposter syndrome and the likability trap because women in the workforce have every right to make the most of their salary negotiation process — and earn what we deserve.

If you take the time to focus on negotiation preparation, you’ll increase your lifetime earning potential by hundreds of thousands of dollars. Negotiating your salary doesn’t have to be awkward at all. You just have to prepare properly.

Even as a new graduate or a young member of the workforce, you have bargaining power. Mastering the art of salary negotiation only takes practice and following the right guidelines.


With the coronavirus pandemic wreaking havoc on the health and safety of our global community, there is a great deal of fear and uncertainty among companies. Naturally, it is a tumultuous and stressful time in our lives to accept a new job (or going through any kind of transition.)

Now is the opportunity to call on your personal and professional network for help. Seek out advice and support from your friends, family, and mentors. You know you have their backs, and they have yours. For some actionable tips on how to be more prepared for your next negotiation, check out this visual from LiveCareer:

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Women Who Influenced the Beauty Industry

Madam C.J. Walker Quote about product marketing for black history month

The multi-billion-dollar beauty industry has evolved over the years, with astonishing women strengthening it along the way.  Whether it’s the physical product or the way we market that specific product, female businesswomen have revolutionized marketing ideas and trends in cosmetics. From Chanel No. 5 perfume to Kylie Cosmetics makeup, there are notable takeaways from the entrepreneurial mindsets that these women have passed on that can be relevant and significant to anyone. 

The team at FragranceX created this great roundup of the business lessons we can learn from women in the beauty industry. From company founders to beauty and social media influencers, they’ve highlighted some of the top women in the field and the tips they have to help you climb the corporate ladder.

Bobbi Brown


Bobbi Brown started her cosmetic company in the 1980s, and it still continues today. She found what was at the time a niche market, women who prefer the natural look, and marketed her products towards them. The biggest takeaway from how she structured her business was her idea that no matter how high up you are, “no job or task is too small or beneath you.”

Michelle Phan


Michelle Phan, back in 2007, promoted beauty through YouTube and her video content. This was the rise of influencer marketing through social media, not only changing the beauty industry but the business market as a whole. With the quote “influence is power – if you have influence, you can create a brand.” 


Madame C.J. Walker


Becoming the first female self-made millionaire in America, Madame C.J. Walker created a company tailored to African American women. She believed that as good as you think your product is, failing to focus on marketing will prevent the success of your business.

Women have made tremendous impacts on the beauty industry and will continue to find innovative techniques to benefit the future of retail.  These were only a few of the powerful women, so below is an image detailing many others who have made it.

Women in Beauty

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Gender Pay Gap: Why women need to start talking about their salary

We all know when it comes to family gatherings and dinner parties, there are certain conversations we can’t talk about. Even before you’re old enough to truly understand either one, you know not to talk money or politics in polite company. This negative conditioning on money conversations is nearly universal, but that doesn’t mean it’s equal among boys and girls. In fact, young girls are more likely to be taught about budgeting and saving, while boys are likely to be taught about investing. Even into adulthood, women are more likely to be talked to as “excessive spenders.”

Though we all feel a little uncomfortable asking a coworker what they make, or talking about money with friends, in the end, women are much less confident than men when it comes to discussing finances. Only 30% of women have asked for a raise in their lifetimes, and 61% of women would rather talk about death than money.

Staying silent when it comes to money can have major implications, especially for women. The social norms around money tend to make women more hesitant to talk about finances than men. Over time this results in a huge financial literacy and confidence gap among women who then invest less, ask for raises less, and stay uninvolved in their own finances. 

Though there are a large number of factors that drive income inequality and the wage gap, one thing’s for sure — women can’t afford to stay quiet about money any more. 

Check out the infographic below by Turbo for some ways to beat the salary silence.

Infographic: Why do not women talk about money? Here are 8 ways to shatter the salary silence.
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