This whitepaper examines the critical role of bargaining power in fostering balanced negotiation dynamics and enhancing organizational performance. It discusses how the unequal bargaining power—especially of women and marginalized groups—affects not only resource distribution, recognition, and career advancement opportunities, but also employee engagement, trust, the culture of ownership, decision-making, and organizational agility. We identify four key barriers to equal bargaining power (structural, sociocultural, information access, and psychological) and provide actionable strategies for organizations to address these challenges. Additionally, the whitepaper emphasizes the importance of developing negotiation skills as a means to empower individuals and promote equitable workplaces. This resource is essential for leaders and employees alike, aiming to drive meaningful progress within their organizations.