- The Washington Times - Monday, December 15, 2014

A business that has women and millennials in leadership roles will be more successful, according to a study from Development Dimensions International Inc., a talent management consultancy company.

The reasoning is that including varied perspectives helps decision-making and problem-solving, which improves business success, the study found.

DDI helps companies hire, promote and transform leaders in the workplace. Half of the Fortune 500 companies are clients of DDI.

Amy Lui Abel and Evan Sinar co-authored the report and told The Washington Times, “Our study found that women and Millennials are not better AT business — but they are better FOR business. ‘The Global Leadership Forecast 2014 | 2015’ found that companies outperforming their peers financially had more diversity in their leadership ranks — both in gender and in generations.”

Responses were gathered from more than 13,000 leaders and 15,000 human resource executives. Roughly 2,000 organizations participated in the research.

The study revealed that having millennials in leadership roles impact an organization’s growth. Companies with aggressive growth had a higher proportion of millennials and were also more financially successful. When asked to provide an example, the authors pointed to companies such as Google and Facebook.

“The high-tech industry with many Internet companies and start-ups shows dramatic growth and hires millennials,” the authors said.

“The findings clearly indicate that of the participating organizations, those in the top 20 percent of financial performance, have 37 percent of their leaders as women and 12 percent of their leaders are high-potential women,” Mr. Sinar said.

“Organizations in the bottom 20 percent count only 19 percent of their leaders as women, and 8 percent of their leaders as high-potential women,” he said.

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