Six Sage Takeaways from APMP’s Virtual Women’s Summit
In August, APMP held it’s first-ever Women’s Virtual Summit – a worldwide, online event, spanning all time zones, and focused on how women can advance in the workplace. Their most accessible event yet, the Summit presented 74 speakers, sharing 40 sessions that addressed the most pressing, current, and emerging issues for professional women.
Yet, I heard more than a few people ask, “If 80% of proposal professionals identify as female, why do we need a Women’s Virtual Summit?” Yes, but as proposal professionals we are constantly collaborating with other teams throughout the organization. And, despite accounting for 50% of the US population, women remain underrepresented up and down the corporate ladder.
Women hold just 38% of manager-level positions. For every 100 men who got promoted to management, only 85 women advanced to the same position. (McKinsey & Company) The higher up the corporate ladder we go, the fewer women we find; women executives account for approximately 23% of executives and 47% of support staff. (Catalyst) At the CEO level, men outnumber women by approximately 17 to one. (Morningstar)
In 2020, women earned approximately 84% of what men earned. It would take 42 extra days of work for women to earn what men did in 2020. (Pew Research Center) Yet, women who negotiate for raises and promotions are 30% more likely to be considered as "too aggressive" or "intimidating". (Business Insider)
When it comes to stress, the gap between women and men who say they are burned out has nearly doubled: 42% of women and 35% of men in 2021, compared to 32% of women and 28% of men last year. (McKinsey & Company and LeanIn.Org)
When it comes to equity in the workplace, 77% of women say the biggest obstacle is the lack of information on how to advance. Only 37% of women said that their companies provide information on career paths that lead to executive roles. And only 41% said they have a network of coaches, mentors, and sponsors offering them career guidance. (Working Mother Research Institute)
So, how do we advance in the workplace and change the statistics? Where do we go for information and guidance? We go to the women who are paving the way – at an event focused on overcoming our challenges with real-world solutions.
Last month, our team was fortunate to attend the APMP Virtual Women’s Summit, along with 600+ attendees and presenters from all over the world. Here are six sage takeaways we can all take action on now:
Thank you APMP for bringing light to today’s challenges. It was a day full of energy and excitement, inspiring speakers and actionable insights. Keep calm and proposal on!
Related articles: 7 Short and Sweet Tips to Create a Winning Proposal
Cheryl Smith is our Senior Content Writer. She has additionally been writing and managing proposals since 1998. Shipley trained, she has helped establish proposal centers and advised on capture strategy, coached orals teams and lead marketing, communications and knowledge management programs. Cheryl is a graduate of The George Washington University with degrees in Theatre, Communications and Literature. When she’s not sharing her passion for work, she loves drawing, writing, cooking and exploring the Virginia woodlands with her husband, their dog Chase and the fuzzy guests they host for Rover.