According to the DDI study, the top performing companies have the highest number of women in a leadership role. The company performing among the 20% best organizations in the west have 27% of women in a leadership role, While the less performing companies have fewer women. The company at the bottom of the 20% financial performer have around 19% of women in a leadership role. What does this mean? Hire women, if you wish to be a successful company.
Women entrepreneurs, such as Ivanka Trump, Sheryl Sandberg (Facebook CEO, see her book “Lean In”), Indra Nooyi (Pepsi Cola), Cathy Fiorini, Debra Lee (Black Entertainment Television) are working to change perceptions and their leadership roles are encouraging women to become leaders and entrepreneurs. There is a need to see women in leadership across the entire arena of life including politics, and business, and there is still a way to go. For example, Canada which is the most successful country in achieving equality has 50% women in a leadership role, while the USA and Philippines is close to 41% and the less performing are is Japan at8%, followed by India at 14% and Taiwan at 21%.
Top Research Findings
- 70% of Companies Have a C-Suite Featuring 25% or Fewer Women
- Most Organizations Struggle to Build a Leadership Culture for Women
- Companies Struggle to Hire Female Technical Talent
- Smaller Firms Are More Likely to Achieve Gender Parity
- High-Performing Organizations Have Different Cultural and Philosophical Views about Female Leadership
Click on the link to read the study. https://www.ddiworld.com/DDI/media/trend-research/women-in-leadership-2016_bhg_ddi.pdf?ext=.pdf
Mind the gap: The Women’s Leadership Gap
This is for the overall management, but if one looks at the senior management, the number drops. In the USA for example, there is only 14.6% of women in senior management and only 4,6% of CEO hired and working among the 500 most performing companies. This is according to the Centre for American Progress.
This shows that there is still a long way to go… Boards should take courage and hire women in leadership roles, and CEOs and at all the level of organizations.
There are not enough of women in a leadership role, even though they represent 50% of the populations.
Women lack representation in leadership positions:
- They are only 14.6 percent of executive officers, 8.1 percent of top earners, and 4.6 percent of Fortune 500 CEOs.
- They hold just 16.9 percent of Fortune 500 board seats.
- In the financial services industry, they make-up 54.2 percent of the labor force, but are only 12.4 percent of executive officers, and 18.3 percent of board directors. None are CEOs.
- They account for 78.4 percent of the labor force in health care and social assistance but only 14.6 percent of executive officers and 12.4 percent of board directors. None, again are CEOs.
- In the legal field, they are 45.4 percent of associates—but only 25 percent of non-equity partners and 15 percent of equity partners.
- In medicine, they comprise 34.3 percent of all physicians and surgeons but only 15.9 percent of medical school deans.
- In information technology, they hold only 9 percent of management positions and account for only 14 percent of senior management positions at Silicon Valley startups
Click on the link to read the article.
In conclusion, we can see there is still a long way to go, despite the progress, women have to keep on fighting to achieve equality.