In a recent article for Forbes, author Kweilin Ellingrud examines the depth of gender inequality throughout C-Suites and senior management positions.
Would more women in corporate leadership roles – CEOs, presidents, SVPs, managers – make companies more successful and change the culture in the workplace? These are valid questions after new data outlines the depth of gender inequality throughout C-Suites and senior management positions in companies throughout North America.
In 279 companies, representing 13 million employees, women represent just 23% of C-Suite occupants (direct reports to the CEO) and senior vice presidents, 29% of the vice presidents and 34% of those at the senior manager and director levels. A 2018 study led by LEAN IN also determined that women are 21% less likely to be promoted to manager, and African American women are 40% less likely than men to be promoted to manager.
The gender gap also has significant economic impact. If women were to participate more equally to men in the workplace, that could drive $28 trillion in growth—the size of the economies of U.S. and China put together. And, on average, there would be an 11% increase in global GDP if every country achieved the fastest rate of progress toward gender equality in its workforce in its specific region.