#EmbraceEquity
International Women’s Day 2023
RingCentral is a proud supporter of
International Women’s Day 2023.
#EmbraceEquity
#EmbraceEquity
RingCentral leaders panel discussion
We asked female leaders from throughout RingCentral to weigh in on the importance of International Women’s Day and how they feel supported by the organization.
What's the difference between 'equity' and 'equality'?
The terms may sound similar, but they are not synonyms. The implementation of one versus the other can lead to dramatically different outcomes.
Equality is giving each individual or group the same resources or opportunities.
Equity recognizes each person has different circumstances and allocates the resources and opportunities needed to reach an equal outcome. We can’t assume that everyone is starting out in the same place. We must work together to recognize, take accountability, and change the barriers that people must overcome to reach their goals.
WOMEN IN THE WORKPLACE
Progress has been marginal since 2016
Women continue to experience a “broken rung” at the first step to management. McKinsey’s Women in the Workplace 2021 report indicates that for every 100 men promoted to entry management positions, only 86 women receive the same opportunity. Because of this, men significantly outnumber women in the talent pool—therefore, men receive more offers to be promoted up the corporate ladder. This underrepresentation of women at the entry management level likely explains the slow progression of women being hired to C-suite positions.
REPRESENTATION MATTERS
The business value of gender diversity
The greater the diversity in representation within a company—particularly women in top positions—the more likely it is to succeed against its competitors. McKinsey research shows that organizations with more than 30% female executives were more likely to outperform businesses with only 10% to 30% female executives. The 2020 research report from McKinsey also shows that organizations that rank in the top quartile for gender diversity among executives were 25% more likely to achieve above-average profitability than businesses in the bottom quartile.
MOVING FORWARD
A look on the bright side
Women in SaaS Empowerment (WISE)
At RingCentral, we believe that diversity and inclusion are key to building a thriving workplace. Our WISE employee resource group, known as Women in SaaS Empowerment, is committed to fostering an environment where everyone feels comfortable being their authentic selves. Through a combination of events, education, mentorship, and advocacy, we strive to create a workplace where everyone can thrive.
We're committed to making a real difference. That's why we match 100% of all employee donations made to nonprofits through RCause. We're especially pleased to offer our donation matching for excellent organizations like Global Fund for Women and The Girls' Network who are working to bridge the gap for women and girls worldwide.
Global Fund for Women is one of the world's leading foundations for gender equality, standing up for the human rights of women and girls.
The Girls' Network aims to inspire and empower girls from the least advantaged communities by connecting them to a mentor and a network of professional female role models.