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In advance of International Women’s Day on 8 March, the Association of International Certified Professional Accountants (AICPA & CIMA) shares tips for businesses to better support and empower their female employees.
“The global pandemic has highlighted the balancing act that women have performed for years managing their work and family lives,” said Crystal Cooke, Director of diversity and inclusion for the Association, the global organisation for the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA). “It’s incumbent that organisations recognise the challenges women face in their career progression and put practices into place to support their success.”
Here are five things businesses can do to build a culture that provides greater gender equity in the workplace:
- Be flexible: The COVID-19 pandemic has forced all of us to change the way we work and manage our lives. Employers should understand the added stress that comes from managing household responsibilities with the demands of work. This will likely require thinking outside the box for equitable and realistic solutions, such as flexible workhours or split days.
- Make it OK to say “no”: Create an environment where those who are overwhelmed feel safe, and will not feel penalised or judged, for saying “no” to additional projects or responsibilities. Encourage women to ask for help when they need it and the option of taking wellness breaks to move, meditate, practice gratitude, and embrace this time with their families.
- Offer support: Show concern for your employees and offer them the support they need. Ask the important questions and really listen to responses: How are you doing? and What can we do to assist you? Then find a way to provide the support needed, which again could be unconventional.
- Emphasise well-being and self-care: For nearly a year, your employees have largely lived the same day over and over. Many are juggling all their responsibilities, which have now seeped into their workday and therefore resulted in no boundaries. It’s important that you help the women in your organisation find ways to successfully manage their mental health, stress and energy levels and to take some joy out of each day.
- Be more inclusive: Look around you in important leadership meetings – online or in person. Are women and people of colour (POC) well represented? If not, reshape your invitation lists and include women and POC in meetings where strategy, vision, and business critical decisions are being made, even if they aren’t partner yet.
The Association (AICPA & CIMA) is committed to supporting women in the profession and to achieving gender equity for women in the finance and accounting profession. The Association has several initiatives to empower women in accounting and finance and support allyship in the workplace, including:
- The AICPA Women’s Initiatives Executive Committee, a dedicated group of volunteers whose mission is to promote and support the success of women to advance the profession together.
- The Women in Leadership Forum, a network of CIMA members dedicated to supporting women in finance and accounting and helping them build their dream career.
- Providing Continuing Professional Development resources and webcasts to help accounting and finance professionals close the gender gap within their organisation. This includes practical toolkits such as the SheQ – Using the Power of Emotional Intelligence for Success, which has an accompanying archived webcast, videos such as Advancing Gender Equality in the Workplace: What Works and podcasts such as Diversity and inclusion: closing the gap.
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Upcoming Events
THE SOUTH CHINA SEA: CENTRAL TO ASEAN’S BUSINESS FUTURE?
In this episode of 'A Working Lunch with Nordin', MGBF's Nordin Abdullah and regional commentator Eddin Khoo will discuss the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
MGBF ROUNDTABLE: THE STRATEGIC CONVERGENCE OF MEDIA AND BUSINESS INTELLIGENCE
This MGBF Roundtable will feature thought leaders form Japan, Australia, Singapore and Malaysia dealing with the critical issues of manipulation of public listed companies and government and their financial impacts.
NETWORKING: LEADING UP TO THE “ASEAN’S FOOD SECURITY NEXUS 2024”
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
ASEAN’S FOOD SECURITY NEXUS 2024
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and a round of golf. Aptly themed, the focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
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