A recent report by the International Labour Organization (ILO) reveals women hold 50% of middle management positions. But that is as far as equality extends, as less than 5% of chief executives of publicly listed companies in OECD countries are women and just 2.8% in the European Union.
Britain’s Chartered Management Institute reveals a gendered pyramid that is mirrored worldwide, with women holding positions as 60% of junior managers, 40% of middle managers, 20% at senior levels and single digits at chief executive.
Research from various countries suggests that companies with a higher representation of women at the most senior levels deliver stronger organisational and financial performance as well as better corporate governance.
The future seems promising for to-be business women. In most regions, women are already surpassing men with degrees at Bachelors’ and Masters’ levels. They are now fast catching up with men in gaining doctoral degrees.
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