Just one in ten women said they were “highly positive” about their current rate of career progression, according to new research by AllBright

New AllBright Alliance initiative convenes investors, banks, professional networks, and football clubs to explore pathways for supporting female employees in the workplace

AllBright, the networking group making the workplace work better for women, along with corporate partners including Eldridge, BNY Mellon, HSBC, Simba Sleep, Northern Bloc, Visionable Healthcare and Chelsea FC Women have launched AllBright Alliance, a global collective of businesses committed to driving positive change for ALL women in the workplace.

The AllBright Alliance provides company members with frameworks to support, upskill, and advance the women in their workforce, including exclusive workshops and events, unique mentoring opportunities, and leadership training through the AllBright Elevator programme. These businesses will also become part of AllBright’s global Mentor Matching programme as both mentors and mentees, with participants including professional athletes and senior executives at FTSE100 firms. The founding partners of the AllBright Alliance have committed meeting once a year to share best practice and learnings from the programme.

AllBright’s recent Future of Work survey found over a third (38%) of women think their career progression would benefit from coaching and mentorship and over half (57%) want to grow their external network in the next six months. The new landscape of hybrid work means businesses must address a need for community and networking to close the gender gap or risk losing their most valuable resource.

Viviane Paxinos, CEO of AllBright says: “We know that one in  three  women  has considered downshifting their role or quitting due to burnout.[1] Fawcett Society’s most recent Sex and Power Index highlights that women make up just 8% of FTSE100 CEOs and there are no women of colour[2].

“There’s a clear and urgent need for change, and a huge opportunity for organisations to step up and transform their businesses to drive progress towards equity faster. Now is the time to act to make work, work for all women, regardless of age, stage, race or profession. This is not just good for all women, it’s good for business. In 2021, 73% of businesses with gender equality practices increased their productivity and profitability[3]. That’s why AllBright has created the Alliance to support better recruitment, retention and progression and ultimately drives business success.

“We are delighted to announce the seven founding partners of the AllBright Alliance. They are joining a movement of organisations whose mission is to find a solution to the challenges faced by women in the workplace.

“We’re looking forward to working with all the founding partners to provide the tools and networks needed to create the next generation of female leaders.”

Eldridge Co-founder, Chairman and CEO, Todd Boehly, says: “AllBright offers a comprehensive suite of dynamic events, tools, and networking opportunities to empower women looking to advance their careers and drive business success

As such, Eldridge is proud to be a founding member of the AllBright Alliance, and we are

committed to supporting their growth as they continue to champion women.”

 

Simba Sleep, Northern Bloc, Visionable Healthcare Chair, Allan Leighton says: “Although there has been good progress on gender equality we fundamentally believe that by joining the AllBright Alliance, together we can speed that up.

 

We hope to send a powerful message to our female colleagues that we are invested in them

and we’re committed to seeing them thrive.

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[1] Women in the Workplace | McKinsey

[2] Women’s representation in positions of power (fawcettsociety.org.uk)

3] 73 Percent of Companies With Gender-Equality Practices Increased Profitability and Productivity in 2021. Here’s Why. (entrepreneur.com)