Turbonomic is thrilled to announce that we have taken the ParityPledge. This is a public commitment that for every open position Vice President and above (including C-suite and Board), we will interview at least one woman for the job. While Turbonomic has always made a conscious effort to incorporate this practice into our hiring, we believe that publicly committing to the ParityPledge will promote better accountability, and urge other companies to do the same.
Why did we sign the ParityPledge?
While women represent 51% of the world’s population, only 20% of S&P 500 executive teams and boards are represented by women - this is an unfortunate reality that Turbonomic hopes to play a role in correcting. If we’re able to reach gender parity at the top levels of our organization, we’re confident about the ripple effect this will have at all levels of Turbonomic.
Turbonomic views Diversity, Equity, and Inclusion (DEI) as both a strategic business initiative and competitive advantage. Investing in DEI isn’t just the right thing to do - it’s also a smart business decision. McKinsey & Company’s latest Diversity Report explores the relationship between diversity and business value - one of their most notable findings is that companies in the top quartile for gender diversity on executive leadership teams are 21% more likely to outperform on profitability and 27% more likely to have superior value creation. Conversely, companies in the bottom quartile for both gender, ethnic and cultural diversity are 29% less likely to achieve above-average profitability than other companies.
In the last year, Turbonomic has launched two inaugural Employee Resource Groups (ERGs) – DevelopHer and People of Color in IT (POCIT). The mission of these groups is to empower women, people of color, and allies to work together in creating a healthy workplace environment by supporting and influencing Turbonomic’s Diversity, Equity, and Inclusion initiatives – including attracting top talent from diverse talent pools and providing opportunities for advancement through formal mentorship programs, workshops, volunteering, and industry conferences. The ParityPledge is a critical extension of the work that these ERGs do in creating a culture of opportunity and empowerment at Turbonomic, but we still have more work to do. We recognize that gender equity is only one of the facets of our DEI strategy - we hope to expand these policies and practices to improve our racial and ethnic diversity as well.
Turbonomic is excited to bring this ParityPledge to life - we look forward to continuing to build a more equitable company and creating better opportunities for all.