Let's Address Statistics
How Many Female Leaders are There?
As of the May 2019 Fortune list, only 33 women (6.6%) were CEOs of Fortune 500 companies. Women account for less than a third (29%) of senior roles globally.
Women received a 53% overall leadership effectiveness score as compared to 49% for male participants in a 2011 Zenger Folkman study.
Expectation ... at this rate
By 2030, an estimated 40-160 million women may need to transition into higher skilled roles, necessitating higher education or upskilling.
The Tipping Point
To engage in women's equality and equity in the workplace, is to benefit everyone. More often than not, men see this as "stakeholder pressure"; fearful of women surpassing them. However that's not the case, gender diversity adds growth to the entire company, and in result increases production as well as incomes for employees. Closing the gender gap could increase GDP by an average of 35 %
What does Diversity Mean for Gen Z?
83% say that when choosing an employer, a company's commitment to diversity and inclusion is important.
Women Executive Input?
68% of women executives believe women's contributions are undervalued by men.
Out of all Global Fortune 500 companies only 10.9% have women in senior management positions. 6 out of 11 top GFP Index companies have publicly states goals and other programs for reaching gender equality.
Who Wants C-level Position?
76% of women indicate that they are seeking C-level executive positions, compared to only 56% of men.
Is All This Buzz working?
Only 68% of executives report that they are aware of public attention to C-level gender equality in the past three years.
Is The Media on This?
Women are frequently portrayed in stereotypical roles via the media, resulting in long term social effects systematically. North America has only shown a 54% increase in media coverage on women CEOs. It is a huge opportunity lost to have only 1-in-5 experts interviewed for media coverage to be a woman.
Value of Work
68% of women executives believe that women’s contributions are undervalued by men, according to Gender Equality in the Executive Ranks report.
CEO positions and Top Earners
In 2019, the proportion of women in senior management roles globally grew to 29%, the highest number ever recorded. In 2020, this percentage remains the same.
Degree or no degree?
Women surpass men on education attainment among those employed aged 25 and over: 37.1 percent of women hold at least a bachelor’s degree compared to 34.9 percent for men
Increase Global Output
In 2015 McKinsey Global Institute estimated that a scenario in which women achieved complete gender parity with men could increase global output by more than one-quarter relative to a business-as-usual scenario. (worldwide)
Women in Government
Women comprise more than 50 percent of the U.S. population but currently hold just 23 percent of elected seats in Congress and about 1 in 3 state legislative seats. In 2020, 584 women filed to compete for house or senates seats at the federal or state level, a historic high for women seeking office.
Women and Innovation
Dezso and Gaddis Ross 2011 study found that adding women leaders improves performance in innovation-oriented firms
26 out of the 30 highest-paying jobs in the US are male-dominated. In comparison, 23 out of the 30 lowest-paying jobs in the US are female-dominated.
In the United States, women earned on average $0.82 to every $1 earned by men in 2018 (82%) for annual earnings.
World Economic Forum
"Our analysis springs from the observation—supported by considerable microeconomic evidence—that women and men bring different skills and perspectives to the workplace, including different attitudes to risk and collaboration. Studies have also shown that the financial performance of firms improves with more gender-equal corporate boards."
Harvard Business Review
"In sum, there is no denying that women’s path to leadership positions is paved with many barriers including a very thick glass ceiling. But a much bigger problem is the lack of career obstacles for incompetent men, and the fact that we tend to equate leadership with the very psychological features that make the average man a more inept leader than the average woman."
International Labour Organization
"Women were overrepresented in several industries and underrepresented in others. For example, in 2010, women represented 79 percent of the health and social services workforce and 68.6 percent of the education services workforce. However, women represented only 43.2 percent of the professional, scientific and technical services sector and 8.9 percent of the construction sector (DOL 2011)."
Institute for Womens Policy Research
"...as women’s average hours at work have increased, men’s have not declined. Inequality in paid and unpaid time has remained particularly stark between mothers and fathers. The report then highlights the growing inequality between those who work a lot and those who work intermittently, part-time, or part-year. In addition, the analysis shows that this polarization in paid time at work is increasingly exacerbating racial inequalities."
Harvard Business Review
"Specifically, at all levels, women are rated higher in fully 12 of the 16 competencies that go into outstanding leadership. And two of the traits where women outscored men to the highest degree — taking initiative and driving for results — have long been thought of as particularly male strengths. As it happened, men outscored women significantly on only one management competence in this survey — the ability to develop a strategic perspective"