Progress for women in the business world who hope to attain senior management roles remains discouragingly slow, according to a new survey by Grant Thornton.
The Grant Thornton International Business Report found that the number of women in senior management roles in the United States has increased by just 1 percent during the past 10 years.
Only 21 percent of senior business roles in the United States are occupied by women, a decrease from the previous year (22 percent) and a minute increase of just 1 percent from 2004 (20 percent). In addition, of the U.S. women in senior management roles, only 6 percent are CEOs.
Grant Thornton surveyed more than 5,400 business leaders in 36 economies for the report, and found that the majority of female senior business leaders serve in a human resources capacity (44 percent), as corporate controller (20 percent) or as chief marketing officer (19 percent).
“The lack of significant progress during the past decade for U.S. women in senior management is disappointing. Companies have been talking the talk on gender equality for decades, but still too few are walking the walk,” said Grant Thornton LLP national managing partner of diversity and inclusion Erica O’Malley in a statement. “U.S. businesses must take steps now to eradicate gender bias and shift expectations around the role of women, which have contributed to success in other economies when it comes to advancing women.”
Globally, 22 percent of senior roles are held by women — a 3 percentage point increase from 2004 (19 percent), but down from 24 percent last year, indicating broad stagnation.
Japan remains at the bottom of the list with just 8 percent of senior roles held by women, followed by Germany (14 percent) and India and Brazil (15 percent). There have been pockets of improvement, however, with 26 percent of senior roles in the European Union now occupied by women—an all-time high. At the same time, the number in Latin America has fallen to 18 percent—an all-time low.
Russia has the highest percentage of women in senior business roles in the world, at 40 percent. The next top five countries on the list are all in Eastern Europe: Georgia (38 percent), Poland (37 percent), Latvia (36 percent), Estonia (35 percent) and Lithuania (33 percent).
Grant Thornton’s research also discovered increasing support among business leaders for the introduction of gender quotas. In the U.S., more than half (56 percent) of both male and female senior managers now support quotas to get women on the boards of large listed companies, a significant increase from 30 percent in 2014. Globally, 47 percent of business leaders support implementing quotas.
Across industries, the number of women in senior management roles worldwide has decreased or stagnated since 2013. Notably, the clean technology sector saw a 13 percent drop in the number of female senior leaders in just two years, from 33 percent in 2013 to 20 percent in 2015. In the manufacturing sector, the percentage of women in senior management dropped slightly from 20 percent in 2013 to 19 percent in 2015.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access