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How women leaders seek to provide stability amid uncertainty

July 25, 2023

Executive women believe that trust in business leadership is paramount to providing stability in today’s climate. That’s the result of a survey of more than 1,100 high-performing executive women who are 1-2 career steps away from the C-suite, with broad leadership experience representing various industries from Fortune 500 companies. KPMG’s fourth annual study examines how women in leadership seek to provide stability amid uncertainty.

Survey respondents indicate they have evolved their personal leadership strategies to build and strengthen trust through clear and frequent communication, prioritizing and delegating work tasks and keeping employee well-being top of mind. Survey responses confirm that female executives build trust with their teams by leading with empathy, increasing communication and fostering agility:

  • 82% of executive women believe that business leaders must be trusted and provide stability more than ever in today’s landscape.
  • 87% report that mental health and burnout are now their most predominant considerations when balancing business goals and their team’s best interests.
  • 74% say building and maintaining a strong culture focused on diversity, equity, and inclusion has become the new focus in their talent acquisition and retention strategy.

An enhanced focus on company culture

Fortunately, the majority (89%) of respondents additionally report that their organization’s ability to recruit and retain talent has changed over the past two years. According to 78% of executive women heard, their companies have kept flexible hours and schedules to keep employees within the fold, while 81% have provided new or enhanced health and wellness of mental health benefits for their teams.

“The findings offer a deeper understanding that success in the marketplace is built on creating and sustaining mutually beneficial relationships between organizations and their employees — especially during turbulent times. In addition, they illustrate the impacts a strong culture committed to diversity, equity and inclusion and talent development can have on driving stability,”

Source: KPMG