New research from MIT Sloan Management Review reveals a widening toxic culture gender gap, even in C-suite positions.
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Here's a real stunner - its' one of the top five reasons for job change when I speak to women executives. Not sure the research is valid from a technical point of view - looking at Glassdoor comments - however, the authors may have poked the bear on this one and opened up an issue most companies would rather hide.
Here's the statement that grabbed me: "toxic corporate culture is the number one cause of employee resignations, and it’s ten times more likely to contribute to turnover than inadequate compensation."
It's hard to believe this still exists in most companies today. I guess it's hard to change the underlying culture of companies without the CEO taking direct action to make that change. Almost everyone of my direct and extended female family members have experienced some level of toxic work behavior toward women in every job they've held.
Are some of your best people - particularly women - leaving due to a toxic culture in your company? Have you tried to measure this independently?
In both of my workshops for Vistage/TEC with small businesses and entrepreneurial companies around hiring and employee engagement, I try to focus the conversation on performance not on gender or other irrelevant factors to success. #PowerofVistage