HOW WOMEN IN BUSINESS LEADERSHIP ARE FARING
In the past few decades, there has been a cultural shift in how we view genders in the workspace and women in business leadership. Women are taking charge. This sort of social mobility is unprecedented in human history. This is all thanks to the women’s empowerment movement going on around the world today.
More and more women are stepping into business networking. Their contributions to the business culture are turning out to be very profitable. Companies like IBM and General Motors have finally started to put their faith in women, and are placing them in high-profile positions.
Women in Corporate Leadership
As of January 2020, women in senior vice president positions rose to 28 percent, a 5 percent increase from 2015. In the same time period, C-suite positions filled by women grew 4 percent (from 17 percent to 21 percent).
Only slow improvement has been made for women in business leadership positions in business in the last six years. And the COVID-19 pandemic set many women – especially women of color – back in their careers.
According to McKinsey & Company’s Women in the Workplace research in 2020, for every 100 men granted manager positions, only 85 women received the same promotions.
Women in Entrepreneurship
Women, however, are not entirely reliant on well-established companies to be in senior positions. They are starting their own businesses as entrepreneurs, taking full control of running their own businesses.
Entrepreneurship is indeed the best way for women to get ahead in the business culture. Despite the companies that are appointing women as CEOs, still 94 percent of companies would rather keep a man in those senior positions.
The statistics show that the women’s empowerment movement still has an incredibly long way to go, especially in corporate business. Talented women are proving every day that they are worthy of advancement.