Case Study 3 Women on the Right Track at CP Rail CP Rail Women comprise nearly half of Canada's workforce, but over the last two decades they have made no progress in obtaining senior management roles. This lack of success may deter younger women from entering cer- tain professions and from learning from role models. Furthermore, research shows that a lack of diversity can affect retention, productivity, and innovation. Companies with more female senior managers have a higher return on equity than those with lower rates of female senior managers. With this research in mind, CP Rail undertook four initiatives to increase the number of women managers: Each department must have diversity goals. Mentoring programs for females have been established. Senior women discuss their careers in forums. Women on Track offers networking opportunities. To date, the program has been successful, with the number of women in senior management doubling over five years. Questions 1. Compare CP Rail's initiatives to advance women with the recommended six-step program for the implementation of employment equity. 2. Review the list of retention strategies in Highlights in HRM 3.1. What more could CP Rail undertake?
Case Study 3 Women on the Right Track at CP Rail CP Rail Women comprise nearly half of Canada's workforce, but over the last two decades they have made no progress in obtaining senior management roles. This lack of success may deter younger women from entering cer- tain professions and from learning from role models. Furthermore, research shows that a lack of diversity can affect retention, productivity, and innovation. Companies with more female senior managers have a higher return on equity than those with lower rates of female senior managers. With this research in mind, CP Rail undertook four initiatives to increase the number of women managers: Each department must have diversity goals. Mentoring programs for females have been established. Senior women discuss their careers in forums. Women on Track offers networking opportunities. To date, the program has been successful, with the number of women in senior management doubling over five years. Questions 1. Compare CP Rail's initiatives to advance women with the recommended six-step program for the implementation of employment equity. 2. Review the list of retention strategies in Highlights in HRM 3.1. What more could CP Rail undertake?
Chapter4: External And Internal Organizational Environments And Corporate Culture
Section4.5: Corporate Cultures
Problem 1CC: How can employee diversity give a company a competitive advantage?
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Transcribed Image Text:Case Study 3
Women on the Right Track at CP Rail
CP Rail
Women
comprise
nearly half of Canada's
workforce, but over
the last two decades
they have made no
progress in obtaining
senior management
roles. This lack of
success may deter younger women from entering cer-
tain professions and from learning from role models.
Furthermore, research shows that a lack of diversity
can affect retention, productivity, and innovation.
Companies with more female senior managers have a
higher return on equity than those with lower rates of
female senior managers. With this research in mind, CP
Rail undertook four initiatives to increase the number
of women managers:
Each department must have diversity goals.
Mentoring programs for females have been
established.
Senior women discuss their careers in forums.
Women on Track offers networking opportunities.
To date, the program has been successful, with the
number of women in senior management doubling
over five years.
Questions
1. Compare CP Rail's initiatives to advance women
with the recommended six-step program for the
implementation of employment equity.
2. Review the list of retention strategies in
Highlights in HRM 3.1. What more could
CP Rail undertake?
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