One of the many causes that Carole Crist champions is that of women in leadership, so today we’re taking a look at ten interesting statistics that you should know about women in positions of leadership.
Women in Leadership: 10 Interesting Statistics You Should Know
1. 13.6% of U.S. entrepreneurs are women
According to a study conducted on 43 countries by the Global Entrepreneurship Research Association, only 13.6% of entrepreneurs in the United States are women. This is a pretty impressive statistic compared to Italy where a tiny 0.9% of entrepreneurs are women! America doesn’t come out on top, though, Angola has an amazing 51.1% of female entrepreneurs. Although, in Angola, those entrepreneurial businesses are a driven by necessity and in the U.S. all 13.6% of female entrepreneurs are idea-driven entrepreneurialism.
Who tops the numbers when it comes to idea-driven entrepreneurialism? Panama comes out on top with 29.1% female entrepreneurs running idea-driven entrepreneurial ventures.
2. In 2020 there were only 33 CEO’s at Fortune 500 companies
In 2020 according to Leftronic, only 33 of the Fortune 500 company CEOs were female. As if that number wasn’t low enough, JC Penney announced in early 2021 that their female CEO was to be replaced by a male.
That isn’t all, though, the article finds that only 5.5% of CEOs among 3,000 of the largest U.S. companies are women. YES, YOU READ THAT CORRECTLY – 5.5%! As a whole, we need to make a better effort to support women in leadership and executive positions!
3. The number of women with executive titles is dropping
According to the same article by Leftronic, the number of women in executive positions has changed very little since 2019. In fact, fewer women have been achieving higher positions within their company and fewer women now hold junior and senior-level positions.
4. Some companies are making the effort to promote equal employment opportunity between women and men.
Not all companies are guilty of supporting an “it is what it is” attitude when it comes to promoting more women in the workplace, though. According to an article in Robert Smith, five companies are stepping up to the plate, including:
- Cognizant which has already hired 100,000 women by the end of 2020 and they are continuing to increase that number.
- Goldman Sachs aims to achieve a workforce in which 40% of its executive vice presidents are women.
- Intel intends to double the number of women in senior corporate roles by 2030.
- Hilton currently holds a Women@Hilton conference for employees to network and take training seminars to advance in their careers.
- Visa currently offers equal opportunities and equal pay among men and women and they push programs like their “Return to Work initiative” to encourage and support women heading back into the workforce after taking time off to have a family.
5. The executive workplace also lacks diversity!
Additionally, according to the Robert Smith article, 33% of white women in the U.S hold management positions and 6.2% are Latina, 3.8% are African American, and 2.4% are Asian. Although there is general diversity in the women hired in the workplace there is a significant discrepancy in the percentage of minorities hired. In fact, there has been only one African American to serve as CEO for a Fortune 500 company – Ursula Burns is the famous female CEO and she worked for the Xerox Corporation from 2009-2017
6. Female CEOs are more likely to get fired than male CEOs
According to the Leftronic article mentioned above, in 2019 female CEOs are 45% more likely to be fired from their position than male CEOs. The kicker to that statistic? Females were still more likely to be fired from their CEO position even when the company was performing well.
Of those female CEOs who are fired, 78% have their position filled by a male and just 22% of females are replaced by females.
7. Women hold less than half of the leadership positions in the United States.
According to the Robert Smith article mentioned above, less than half of leadership positions in the United States are held by women. This is despite the fact that more than half of the U.S. population is female and that 57% of undergraduate degrees and 59% of all master’s degrees are earned by women.
8. Women on average are still earning less than men.
In 2019, women who were working full time were earning 82.3 cents for every dollar that men were earning. As of 2021, women are still earning 17.7% less than men per year. This discrepancy has been going on for far too long and yet, it continues to persist.
9. More female partners has proven to be beneficial for companies
Ironically, even though fewer women are given positions of power in the corporate world and women are paid less than their male counterparts, one study has shown that companies that increased their female employee numbers by 10% saw their profitable returns increase by 9.7%.
10. Increased numbers of organizations are devoting time and effort to increasing the number of women in positions of leadership and power in the corporate world.
Since 2011, there has been an increase in the number of organizations that have emerged with the sole intention of creating a more gender-equal workplace and to increase the number of females in roles of leadership and power within the labor force.
Examples of these types of organizations include:
Girls Who Invest – created in 2015, this organization was created to increase the number of women in portfolio management and executive leadership in the asset management industry.
Thirty Percent Coalition – created in 2011, this organization has been working hard to influence companies to increase the number of women in the corporate boardroom.
Are You Interested in Women in Leadership?
If you are interested in learning more about women in leadership or in making impact investments, Carole Crist can help! To find out more just fill in the contact form on the Carole Crist website today!