Women in workplace 2016 Study : a synopsis

women-in-workplace-2016-study-key-take-aways-2
Image source: http://www.forbes.com

Women in the workplace 2016 is a comprehensive study done by LeanIn.org and McKinsey & Company to study the state of women in corporate America. Though the study was done in US, the findings are relevant for state of women in corporate India as well.

The research report headline itself tells what details we can expect inside. ” In corporate America, women fall behind early and continue to lose ground with every step” I must admit that as somebody who believes in championing the cause of advancement of women at workplace, I did feel depressed on reading those lines. Its 2016, we are talking about leisure trips to moon, driverless cars, cutting edge technology in every aspect of life and women are still struggling to get ahead at workplace. I wonder if this is the state in a developed country, how would be it in developing countries like India. Though we can see some women leaders in India specially in Banking Industry- Chanda Kochhar, Arundhati Bhattacharya, Naina Lal Kidwai to name a few, but these are  handful of women out of 1.8 million women working in organised sector in India. What’s happening to rest of women working in corporate India? The study throws some light on why we are not seeing more women at top of corporate world. The major reason being decreasing % of women in pipeline with increase in level of hierarchy as depicted by graph below.

womenintheworkplace2016_1_corporate_pipeline

Key findings from the women workplace study 2016.

  1. For every 100 women promoted to manager, 130 men are promoted

  2. Very few women are in line to become CEO

  3. Women are negotiating as often as men—but face push back when they do

  4. Women get less access to senior leaders

  5. Women ask for feedback as often as men—but are less likely to receive it

  6. Women are less interested in becoming top executives—and see the pros and cons of senior leadership differently

Key broader themes as per the study

# 1 : On average, women are promoted and hired at lower rates than men, so far fewer women become senior leaders  

Promotion rates for women lag behind those of men, and the disparity is largest at the first step up to manager—for every 100 women promoted, 130 men are promoted.

“Compared to women, almost twice as many men are hired from the outside as directors—and more than three times as many are hired as SVPs”.

# 2 : At more senior levels, we see women shift from line to staff roles, so very few end up on the path to becoming CEO.

womenintheworkplace2016_2_line_roles

By the time women reach the SVP level, they hold a mere 20 percent of line roles. This hurts their odds of getting the top job because the vast majority of CEOs come from line positions.

“In 2015, 90% of new CEOs were promoted or hired from line roles, and 100% of them were men.”

# 3 : Women are less interested in becoming top executives—and see the pros and cons of senior leadership differently from men

An expected reason behind this would be that women with children would find the dual responsibilities of a CXO position and home challenging but the startling result that even women without children are not interested in top jobs suggests that there are far deep-rooted beliefs women have about themselves and how they see the top job and its challenges.

– Women anticipate a steeper path to the top. Women who aspire to become a top executive are less likely to think they’ll get there than men with the same aspiration—and more likely to worry they won’t be able to manage work and family commitments.

– Women may not think their ideas and contributions carry the same weight as men’s. This could be rooted in the different experiences women and men are having in the workplace.

# 4 : People who do more work at home are less interested in becoming top executives

At every stage in their careers, women do more housework and child care than men—and there appears to be a link between the amount of work people do at home and their leadership ambition

“Women in senior management are seven times more likely than men at the same level to say they do more than half of the housework.”

It is a very important study and companies across the world should look at it carefully and design their gender equality strategies. Actually more than the plan, the bottleneck as always is implementation of the plan. Though gender equality at workplace is high on priority of CEO but slips away from the list when it comes to implementation. Companies have an important role to play in reaching gender equality in society at large by working sincerely towards achieving gender equality at workplace. A fairer, more inclusive work environment will lead to more engaged employees. A more diverse workforce will lead to stronger organizations which would lead to better business results. Long term benefits of gender equality at workplace go beyond companies and employees by not only strengthening the world economy but also making  world a fair and just place for half of its population. It is a worthy goal to go after!

You can read the complete report at link below.

Reference : https://womenintheworkplace.com/

 

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