Over the past few decades, women have made huge leaps in the field of leadership. But, Farnoush Farsiar is a well-known as a leader in wealth and financial management. She says women confront unique challenges which are not faced by their male counterparts.
They are often undervalued and are required to put in twice as much effort to establish themselves in a society dominated by men. They have to balance the demands between family and work.
This can be problematic when both tasks require lots of time and energy.
With the right tools, women can overcome every obstacle in the business world.
Women remain the minority in management and leadership posts
Women who are in leadership positions in business confront unique challenges that may not be the same for their male counterparts.
It is because you’re the only person within the group.
While women make up the majority of the workforce, however they are still outnumbered by men in executive and management positions.
It can make women feel excluded and unrespected as team members. Female business leaders could also be subject to discrimination due to gender or sexual harassment.
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These obstacles can create obstacles both men and women to be effective in their work.
Farnoush, however, explains that women in business have made huge strides in recent years , despite these obstacles. They are continuing to prove that they are capable of achieving at any stage.
Farnoush Farsiar states The greatest challenge for women is lack of equality
Inequality is one of the most significant issues female business owners face. The base of any business is equality.
Women CEOs are more at the risk of being fired, making it difficult to meet their objectives.
Women CEOs are at greatest risk when their companies are expanding.
The CEOs won’t be able to claim equality. This will make it challenging for younger managers to voice their concerns that they are facing.
This could make it challenging for women to be employed in a male-dominated environment. This can make their careers less fulfilling.
Farnoush Farsiar explains how this leads to a lack of diversity in the top positions.
The result: A negative impact to the bottom line
There isn’t any mentorship or assistance for women entrepreneurs.
Another obstacle for women leaders is the inability to connect with established networks.
As Farnoush points out that men have always had access to a powerful “boys club” of business partners.
Particularly vulnerable to this is the industry of wealth management sector that is dominated by males.
Men also appreciate having people who can support them in their work lives.
Women are often unable to break into these groups because they may not be taken seriously by male colleagues.
This means that women working in the business world may not receive mentoring or support.
With the advent of social media and networking platforms, women can now create powerful networks and support systems.
This will enable them to overcome the hurdles caused by lack of access.
Women working in the workplace are seen as more “emotional”
Farnoush Farsiar says that there is a popular belief that women are less competent in the management of a business as their male counterparts.
This could be due to the fact that women are often seen as being more emotional. This makes women less rational, unstable and, consequently, more “aggressive.”
Farnoush Farsiar said, “Women not being emotionally expressive typically can make men feel threatened, and may even be harmed when women take care of them.”
It could also result in women being viewed as less competent or capable than their male counterparts.
This can be countered by women being conscious of their own perceptions. Also, they must strive to be concise, clear and confident in their communications.
The perceptions of these people can be changed by companies.
Aside from creating an environment that everyone is heard, it is crucial to ensure that everyone feels valued.
They can do this to enhance the image and status of women in leadership and management positions.
They can also prove they are just as capable and skilled as anyone else. Additionally, leadership programs designed for women can aid in developing these capabilities.
Another issue women leaders face is balancing their professional and personal lives.
As Farnoush Farsiar points out, “women are still largely responsible for the vast majority of non-paid jobs at home.”
If they have to perform a lot of work, it could make it difficult for them.
In addition many women feel pressured to be perfect in all aspects of their lives. It can be challenging to deal with all of this.
It is vital for women leaders to remember that it is okay not to always be together all the time.
It is okay to ask for help.
Employers need to create an environment in which employees can handle their professional and personal lives.
These policies could include telecommuting, flexible hours, and parental leave policies that cover the needs of both men and women.
Farnoush Farsiar outlines possible solutions to the challenges faced by women in business
Farnoush believes women leaders have the potential to overcome many challenges they face.
Some of these solutions include:
Leadership programs specific for women: Farnoush insists on the importance of leadership programs for woman. They can assist women in developing the skills and confidence they require to excel in leadership positions.
https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times experience issues with their communication because of the perception that they have more emotions than men. To counter this belief it is essential for female leaders to be competent in communicating effectively and confidently about their thoughts.
Work with HR to influence policy: Women leaders can work with HR to help develop policies that are more inclusive of men and women. This could make for a more fair and more balanced work environment for all workers.
It’s no secret that female have unique challenges to leaders that men do not.
The positive aspect is that the difficulties women leaders face to overcome can be solved with the right techniques and tools.
By being aware of the obstacles they face and taking advantage of the many available solutions women leaders can be successful in their career.