Akorbi is a success story born of hard work, persistence, talent, and a bit of good timing. Claudia Mirza founded Akorbi in 2002 after the dot-com bust forced her to look for other opportunities. Since then, Akorbi turned into a language industry powerhouse as one of the fastest-growing women-led companies in America. Today’s blog from Akorbi highlights why women-led companies succeed in many facets of business leadership and profitability.
Increased Profitability
Several studies show that women in top-level leadership roles, either as executives or on the board, lead to increased profits. After examining nearly 22,000 publicly traded companies in 91 countries in a mix of sectors, the Peterson Institute for International Economics showed that having at least 30 percent of C-suite positions filled by women adds an average of 6 percent to a company’s net profit. Between 2002 and 2014, a total of 80 firms on the Fortune 1000 list had women CEOs. Those women-led firms bested the S&P 500 performance by a whopping 226 percent!
Better Employee Engagement
Women-led companies are better for employees. A comprehensive study and survey taken by Peakon, a real-time HR engagement platform, shows that women in leadership roles inspire employees to excel in critical ways. Companies with women at the helm have better communication when it comes to a company’s mission. Women leaders are also more adept at inspiring belief in their products or services compared to males in leadership roles. Employees at women-led companies are more engaged, and they are more satisfied with their working environment (including work-from-home situations).
More Diversity
Women-led companies foster more diversity in the workplace, from leadership roles and mid-management to entry-level positions. Numerous studies over the past decade confirm that greater diversity in a company’s workforce leads to greater productivity, better innovation, higher employee retention and satisfaction, and improved decision-making. In 2018, Forbes reported that diverse companies produce 19% more revenue due to innovation, thanks to a study from Boston Consulting Group (BCG).
Akorbi Can Help Improve Your Bottom Line
Akorbi was noted as the 13th fastest-growing company in the United States by the Women Presidents’ Organization in 2018. Our diverse team, working with more than 170 languages, can help your company expand into new markets and multilingual areas. Contact Akorbi or call 1-877-4-AKORBI for more details on what we can do for you.