1. Background and Primary Impact: Unlocking barriers to Gender Equity within Vodacom by accelerating readiness of female talent to and at Executive levels
Gender equality in the workplace is not only a moral imperative but also a significant driver of business success. Research consistently shows that organisations with greater gender diversity, especially in leadership roles, tend to perform better financially.
For instance, McKinsey’s Diversity Matters research from 2015 found that organisations with higher gender diversity in leadership roles are more likely to have better financial performance. The findings indicate that diversity is statistically significant in terms of increased profitability.
Inclusive teams are shown to make better business decisions up to 87% of the time, while teams with less diversity are more likely to make poor choices for their companies. Vodacom’s strategic ambition is to achieve a gender-balanced workforce by 2025, highlighted a critical gap: the delayed readiness of female talent for succession roles.