As employees gain more confidence in their work and at the workplace, they have a tendency to take more risks to advance their career trajectory, typically speaking. However, this case has been proved to not always be true for many women, revealed top services firm KPMG, which stated that 69 percent of women are only open to taking very small risks rather than big ones. Hence, women were playing it safe, said the study which was titled 2019 KPMG Women’s Leadership Study.
Instead of playing to win, they’re often playing not to lose
The survey was conducted among more than 2,000 professional women between the ages of 18 to 64 and while a majority of women said that they felt confident both in their personal and professional lives, 20 percent of women were very confident and just 23 percent were neutral about their opinions. Michele Meyer-Shipp, KPMG’s chief diversity officer, in the press release, said, “When it comes to their careers, many women find themselves in a bit of a bind. They’re trying to preserve their gains, so instead of playing to win, they’re often playing not to lose – whether hesitating to take perceived big risks or feeling the need to take outsized chances.”
Only 8% of women found that risk-taking was positive for their career
The survey did discover that women understand the benefits of taking risks and they also know that the biggest advantage of this is that they can make money. However, only 35 percent of women felt that they were confident enough to negotiate their salary to ask for more money. The truth is that a majority of them know the correlation between risk-taking and increased confidence, personal development and building respect among colleagues. In spite of this, a mere 8 percent of women stated that their risk-taking decisions have had a positive impact on their careers, instead of credit task-oriented factors have played a major role than leadership traits. Meyer-Shipp, adds, “Women may benefit by taking more risks over the course of their careers, but they can’t go it alone. Organizations must provide supportive structures like inclusive and diverse workplaces, professional development, mentorship and sponsorship opportunities, all of which set up women to achieve, thrive and reach the highest levels.”
Image credit: KPMG Advisory Insights – KPMG US