Business Wire

Egon Zehnder Finds Generation, Not Gender, Determines Attitudes at Work

Jaa

An international study of business executives highlights the growing challenge facing businesses as they accommodate the personal and professional priorities of younger generations. The findings challenge traditional gender stereotypes; showing women and men have strikingly similar attitudes on leadership and diversity in the workplace.

Egon Zehnder, the world’s leadership advisory firm, conducted a study of more than 2,500 executives across seven countries. The study uncovered a significant gap in attitudes and priorities between generations, particularly regarding diversity, leadership qualities, and career development.

“Leadership expectations are changing,” said Cynthia Soledad, Egon Zehnder consultant and co-leader of the firm’s Global Diversity Council. “To be responsive to younger generations, today’s leaders must emphasize humility, ethical behavior and strategic thinking.”

Results of the study are released as Egon Zehnder prepares to host Leaders & Daughters: Power Moves events in over 30 cities worldwide, bringing together leaders across generations to discuss the opportunities and challenges women face in the professional world. 2019 marks the fifth anniversary of the initiative, which over its tenure has convened more than 6,000 leaders, daughters, and mentees through 85 events around the world.

“Diverse organizations are more sustainable organizations, but we still have a long way to go before biases are extinct and both genders are given equal opportunities. The leaders, daughters and mentees we have brought together over the five years of Leaders & Daughters all have a part to play in helping women fulfill their potential,” stated Karoline Vinsrygg, Partner and co-leader of Egon Zehnder’s Global Diversity Council.

This year’s events focus on how an emerging generation is shifting the traditional expectations and dynamics in the workplace. In addition to the events, leaders from around the world pen personal letters of wisdom to their daughters and mentees through the To My Daughter campaign.

Key survey findings

Diversity

  • A diverse workplace is most important to younger generations: Millennials (65%) and Gen Xers (61%) said it was very important, compared with boomers (51%). A diverse workplace, say 62 percent of millennials, is also very important to the success of the organization.
  • When it came to equal opportunities at work, a majority believed there were equal opportunities for all, though female Gen Xers were the least likely to believe that they had equal access to equal opportunities (57% said they did) compared to female millennials (63% said they did).

Expectations of leaders

  • When asked the most important qualities a great leader should embody, those under 35 rate humility the highest — a preference even more pronounced among men, with 55 percent of male millennials saying this is important versus just 32 percent of male baby boomers.
  • Boomers are more likely to value resilience in a leader, with 35 percent citing it as an important quality, compared with 21 percent of millennials.
  • When asked if their leaders modeled the desired qualities, millennials were much more likely than other generations to say their leaders always exhibit the key leadership qualities they expected (38%), while only 22 percent of boomers and 26 percent of Gen Xers concurred.

Career development

  • The vast majority of respondents (86%) experienced some type of barrier during their career journeys — though a third of male boomers claimed they had faced no barriers to success at all.
  • Millennials show a strong desire for mentoring and sponsorship. When asked about factors that have limited their opportunities at work, more than twice as many millennials than boomers (35% vs. 17%) claimed that a lack of mentors or sponsors has been a barrier to their own career success.
  • While leadership ambitions have nearly evened out between men and women (27% of women and 31% of men aim to reach the C-suite), women may have a more difficult path ahead. Egon Zehnder’s 2018 Global Board Diversity Tracker shows women make up just 3.7 percent of CEOs and 12.2 percent of CFOs globally.

Career priorities and motivations

  • Millennials are more likely to agree that their work-life balance is about right, with 87 percent agreeing, versus 80 percent of Gen Xers and 78 percent of baby boomers.
  • Men and women gave almost identical answers on personal and professional priorities, with 27 percent claiming their professional identify is their top priority, 17 percent saying their personal or family life is their priority, and 56 percent saying they balance the two.

Further information

To explore the complete findings of this year’s survey, visit https://www.egonzehnder.com/leaders-and-daughters/explore-the-data.

For more information on the Leaders & Daughters initiative, visit https://www.egonzehnder.com/leaders-and-daughters.

NOTES TO EDITORS

About the 2019 Leaders & Daughters Survey

The 2019 Leaders & Daughters Global Survey explores findings from more than 2,500 people in management and leadership positions in the U.S., Australia, Brazil, China, Germany, India and the U.K. Fieldwork was conducted in January and early February 2019.

About the Leaders & Daughters 2019 events series

Egon Zehnder introduced the Leaders & Daughters event series in 2016 to mark International Women’s Day and bring generations of leaders together.

This year’s theme, Power Moves, explores how the priorities of tomorrow’s leaders will reshape the workplace.

About Egon Zehnder

Egon Zehnder is the world’s leadership advisory firm, sharing one goal: To transform people, organizations and the world through great leadership. We know what great leaders can do and are passionate about delivering the best leadership services for our clients. As One Firm, our more than 470 consultants in 68 offices and 40 countries globally bring our individual strengths to form one powerful collaborative team. We partner closely with public and private corporations, family-owned enterprises and non-profit and government agencies to provide board advisory services, CEO search and succession, executive search, executive assessment, leadership development and cultural and organizational transformation. We share a commitment and pride in doing work that contributes to shaping successful leaders, stronger companies, and a better world.

Contact information

Egon Zehnder
Hilary Crnkovich
Global Head of Marketing and Communications
T: +1 312 260 8978
E: hilary@egonzehnder.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

COMPUTEX 2019 Kicks Off Tomorrow in Taipei27.5.2019 11:42:00 EESTTiedote

COMPUTEX 2019 officially kicks off on Tuesday with focuses on AI & IoT, 5G, Blockchain, Innovations & Startups, and Gaming & XR. A total of 1,685 exhibitors will showcase their technologies in 5,508 booths, which is a near 10% growth from last year. The keynote speakers reflect this emphasis as AMD, Intel, and Microsoft are getting ready to give talks at COMPUTEX. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190527005076/en/ Group photo at 2019 COMPUTEX International Press Conference & CEO Keynote (Photo: Business Wire) Exciting Lineup of Keynote Speeches; Technology Giants Gather at the Forum to Share Insights For the first time, a CEO Keynote is incorporated in the international press conference where AMD President and CEO Dr. Lisa Su addresses how the next-generation of computing will drive innovation. AMD will, at the same event, unveil details about upcoming products with its ecosystem partners in Taiwan. AMD will sha

Seoul Semiconductor’s SunLike Series Natural Spectrum LEDs Shown in a Recent Study to Have Beneficial Effects on Human Health and Well-being27.5.2019 11:00:00 EESTTiedote

Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a leading global innovator of LED products and technology, announced the results of a recent study conducted by Dr. Octavio L. Perez, adjunct researcher in Integrative Lighting at Mount Sinai Hospital in NYC, NY, USA on the non-visual melanopic stimulus of LED sources. The study showed that the company’s SunLike Series natural spectrum LEDs provide up to 21% more melanopic stimulus than conventional LEDs at 4000K, and the same melanopic stimulus as daylight at 6500K (D65). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190527005028/en/ Seoul Semiconductor's SunLike Series Natural Spectrum LEDs (Graphic: Business Wire) In addition to the visual effects of light and lighting on people, such as visual acuity and color fidelity, there are also non-visual effects. These non-visual effects can affect human health and well-being in aspects related to sleep, awakeness, alertness, circad

Libelium Integrates Radar Technology with its IoT Devices for Smart Parking Applications27.5.2019 11:00:00 EESTTiedote

Aiming to meet the growing demand for greater precision in smart parking devices, Libelium, the Spanish manufacturer of hardware and IoT solutions, has integrated radar technology in detecting the availability of parking spaces. The new Smart Parking node improves detection and stability performance thanks to a radar sensor which allows precise detection (99%) of vehicles parked over the device that sends the data to the cloud through the LoRaWAN network. IoT technology applied to the detection of parking places can reduce traffic, save fuel, decrease CO 2 emissions and improve the driving experience and habitability of cities. In addition, smart parking devices are being highly demanded by municipalities to check rotation levels in restricted parking areas (taxis, loading and unloading, recharging electric vehicles and disabled areas). First real deployment is already taking place in the city of Huesca (Northern Spain) where 190 nodes are being installed to detect the occupation of pa

2019 Trends to Watch in PV Market: High-efficiency Module27.5.2019 10:00:00 EESTTiedote

Upon the return of SNEC PV Power Expo next month, PV InfoLink will explore the PV product trends and the transition of module output at a seminar held in Shanghai on June 3. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190527005064/en/ China's Export Destinations and Share of Special Module Exports (Graphic: Business Wire) Titled “2H19 PV Market Outlook and Forecast,” the seminar will feature topics spanning China’s transition to subsidy-free market, PV market outlook and supply chain. PV InfoLink, a leading solar market research firm and host of the seminar, has invited top-tier companies including Jinko, Longi, and GCL-Si to discuss the major issues. As the global PV market grows continuously, China’s module exports had hit a record high of 16 GW in Q1’19, a significant growth from last Q4’s 12 GW. In addition to India and Japan’s traditional high season, China exported 5 GW of modules to the European markets in Q1. Foll

A.P. Moller - Maersk Will Join Traxens27.5.2019 09:30:00 EESTTiedote

Traxens, a company providing high-value data and services for the supply chain industry, and A.P. Moller - Maersk (“Maersk”), the integrated container logistics company, today announced that Maersk will be joining CMA CGM and MSC Mediterranean Shipping Company as a key shareholder and customer of Traxens. Founded in 2012, Traxens has been developing unique solutions for the cargo logistics arena and has created an innovative container monitoring and coordination solution. CMA CGM first invested in the startup in 2012 and was later joined in 2016 by MSC. A milestone in the development of Traxens The agreement will see Maersk invest capital in Traxens, in which it will have similar shareholder rights as CMA CGM and MSC. Maersk also commits to order up to 50,000 Traxens devices, a similar order to those placed earlier by CMA CGM and MSC. Traxens can now further focus on strengthening its solution and drive interoperability based on non-proprietary technologies and open standards. The deve

TYAN Showcases HPC, Storage and Cloud Server Platforms Featuring 2nd Gen Intel® Xeon® Scalable Processors at Computex 201927.5.2019 05:00:00 EESTTiedote

TYAN®, an industry-leading server platform design manufacturer and a subsidiary of MiTAC Computing Technology Corporation, will be exhibiting a full line of HPC, storage and cloud computing server platforms that are optimized for HPC, enterprise and datacenter markets at Computex 2019 from May 28th to June 1st, Booth # L0631a in Taipei, Taiwan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190526005002/en/ TYAN's HPC, Storage and Cloud Computing Server Platforms are Optimized for HPC, Enterprise and Data Center Markets to Deliver Leading Performance (Photo: Business Wire) “The increasingly growing demand for AI is transforming the data center and is resulting in a tremendous amount of data being pulled into big data platforms at massive scale,” said Danny Hsu, Vice President of MiTAC Computing Technology Corporation's TYAN Business Unit. “TYAN’s leading portfolio of HPC, storage and cloud server platforms are based on the 2

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme