Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Sponsors Key to Career Advancement for Women - Expert

Leadership programmes are not meeting the career needs of many New Zealand women according to a local expert.

Anna Stove, Chair of the Global Women Leadership Development Committee says while there are plenty of leadership programmes available for women in the workplace they are usually ineffective on their own.

She says many are held up as examples of a company’s commitment to diversifying its leadership pipeline, but despite the resources and good intentions behind such programmes, they rarely bring about real change if done in isolation.

“To achieve professional advancement both women and men need to better understand the role of mentoring and sponsorship to progress their career,

“Studies have shown that while both genders generally fail to nurture a network of professional sponsors, women are 54% less likely to have a sponsor.

Stove who is also general manager of GSK NZ says while the terms ‘mentoring’ and ‘sponsorship’ are often used interchangeably, the are not the same and understanding the difference between them is one of the keys to progression in the workplace.

“A mentor will give you advice and career guidance, whereas a sponsor will not only advise and advocate for you and will actively help you with your career advancement.

“Women tend to derive greater benefit from having a sponsor versus a mentor,” she says.

Stove’s says moving up in an organisaton requires more than a strong work ethic and delivering results, it requires the development of an engagement strategy based around networking goals.

She says in addition to fostering relationship with other women, they need to look at their male colleagues as well.

“NZX-listed companies have only 20% women on boards and 22% women in senior leadership positions, this means men will be among the most powerful stakeholders,” says Stove.

She says that women also need to self-advocate for pay raises, promotions and challenging assignments.

“We often think great results will lead a sponsor to take notice and pick us out from the crowd, but asking makes the difference. Sponsors may want to help, but don’t even know that you are keen to advance,” says Stove.

Stove says Kiwi organisations need to introduce formal sponsorship programmes for their own benefit as well as their employees.

“It is essential for New Zealand companies to develop an environment where sponsorships can thrive.

“While beneficial for those in the relationship they also have an upside for the organisation increasing talent retention and enhancing the skill pipeline,” she says.

-Ends-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Transport: International Arrivals In May Lowest In 61 Years

The number of people that arrived in New Zealand in May 2020 was the lowest for any month since May 1959, because of COVID-19-related border and travel restrictions, Stats NZ said today. There were 5,600 arrivals in May 2020 compared with 4,700 in ... More>>

ALSO:

It’s All In The Genomes: New Study Reveals Scale Of Havelock North Campylobacteriosis Outbreak

When the campylobacteria outbreak hit Havelock North in 2016, no-one fully understood how widely it affected the local communities. Gene-sequencing technology used by scientists has shown the true scale of the outbreak. The joint study from ESR, Massey ... More>>

ALSO:

Tiwai Point: Rio Tinto Announces Plans To Close Tiwai Point Smelter

Rio Tinto has just announced that it will wind down New Zealand Aluminium Smelters - the Tiwai Point smelter - saying the business is no longer viable. More>>

ALSO:

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:


ASB: Regional Economic Scoreboard Q1 2020

ASB NZ Regional Economic Scoreboard Gisborne still the place to be It has been Gisborne’s year, and the region comes out tops on our regional rankings for the fourth successive quarter. Like everywhere, question marks are about the COVID-19 impact on the future. ... More>>

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: