Magazine article Talent Development

Top Suite in Corporate America Still Eludes Women: Women Outnumber Men in the Workforce, but Less Than 10 Percent Are in C-Level Positions within Their Companies

Magazine article Talent Development

Top Suite in Corporate America Still Eludes Women: Women Outnumber Men in the Workforce, but Less Than 10 Percent Are in C-Level Positions within Their Companies

Article excerpt

[ILLUSTRATION OMITTED]

Women outnumber men in the workforce, but less than 10 percent are in C-level positions within their companies.

Recently released statistics from the U.S. Bureau of Labor show that for the first time in history, women have begun to outnumber men on the nation's payroll. Yet, according to a key finding in Calvert Investments' "Examining the Cracks in the Ceiling: A Survey of Corporate Diversity Practices of the S&P 100," women continue to be significantly underrepresented on corporate boards and in C-level positions. Of all the S&P 100 companies surveyed, less than 10 percent of women were found to be top-paid executives, and less than 20 percent were included as board members.

In recent years, women have made great strides as successful professionals; however, much is still being discussed about the hard road faced by women who seek top spots in corporate America. According to the report, more than half of the companies in the S&P 100 have no female or minority representation in their highest paid executive positions, and only 14 companies have two or more "diverse" officers in these positions.

The report also states that while women make up approximately 18 percent of director positions within the S&P 100, they represent only 8.4 percent of the highest paid positions within the same group of companies--positions that provide the opportunities to develop the expertise and networks needed for future board-level appointments.

"We are very concerned about the fact that women and minorities continue to be underrepresented at the highest levels of management," says Barbara J. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.