Woman-Owned Businesses Retaining Their Employees in Tough Economy
September 15th, 2009 Posted by adminCONTACT: Kirsten Wynn
Women Presidents’ Organization
212-688-4114
[email protected]
The annual survey by the Women Presidents’ Organization shows 67% of companies have increased or maintained employee salaries
NEW YORK, Sept. 11 /PRNewswire-USNewswire/ — Women presidents have shown they can adjust to the changing economic climate. Results from the surveyed membership indicate 55% of women presidents and CEOs of multi-million dollar companies have maintained or grown their employee base, according to the annual economic survey by the Women Presidents’ Organization (WPO), the premier peer advisory organization for women entrepreneurs.
Despite the economic downturn, 82% of these CEOs and presidents are optimistic about their company’s performance for 2010.
“These statistics are evidence of the versatility and strength of companies owned by women entrepreneurs in the face of adversity,” said Marsha Firestone Ph.D. president and founder of the WPO. “Our survey indicates that WPO members have found ways to adapt to the changing economic climate. To succeed as a small business is tougher than ever, yet 56% have indicated that their businesses are growing or stable in 2009. I sincerely believe that the members of the WPO are models of perseverance of small businesses globally.”
The WPO currently has 1400 members from four continents (US, Canada, Peru, South Africa and the UK) and the survey showed that 81% of these women presidents confirmed that the WPO has helped manage their business concerns in the current economic climate.
Other Key Findings:
Relative to 2008, regarding financial performance in 2009
- 31% of companies have grown
Environmental Sustainability
- 54% have made their business environmentally friendly
- 35% are interested in making their business environmentally friendly
WPO
- 61% Believe their business has grown since joining
- 65% Believe the WPO has contributed to economic success
Additional survey data is available upon request.
About the WPO:
The WPO is the premier peer advisory organization connecting women who own multi-million dollar companies. In monthly meetings across four continents (US, Canada, Peru, South Africa and the UK) chapters of 20 women presidents – from diverse industries – invest time and energy in themselves and their businesses to drive their corporations to the next level. Local WPO chapters are coordinated by a professional facilitator and meet monthly to share business expertise and experience in a confidential setting. For more information, call 212-688-4114 or visit http://www.womenpresidentsorg.com.
