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The Wall Street Journal

For Women, the Corporate Ladder Is a Battle of Attrition

For Women, the Corporate Ladder Is a Battle of Attrition

"Part of the reason this is a struggle for most companies is because it's actually really hard," says Jen Hayes, a partner with Bain & Company. "Everyone has these programs now. But the level of quality is variable at best."

  • October 23, 2018
  • min read

The Wall Street Journal

For Women, the Corporate Ladder Is a Battle of Attrition

In most cases, research shows that mentors who just offer advice and help build confidence aren't enough. Companies must ensure that women have sponsors who make it a personal goal to actively advocate for their female employee during key personnel decisions. Many programs tend to emphasize mentoring, because fostering sponsor relationships is harder and can take more time.

In an effort to forge those relationships, Bain & Company has paired hundreds of women with sponsors since 2014, something the firm partly credits with doubling the number of women it has at the manager level or higher.

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