💸 WOMEN CONTINUE TO BATTLE FOR WORKPLACE EQUALITY
✅ Even though more women are occupying top management positions, men are still dominating the leadership roles.
→ A survey conducted by Equileap revealed women only make up 7% of CEOs and 17% of finance directors in big ...corporations in developed countries.
→ Although women's share in senior and leadership roles has been increasing over the past 5 years, Equileap's CEO Diana van Maasdijk noted that the battle for equality remains.
→ The World Economic Forum's report highlighted the percentage of women appointed to leadership roles increased from just over 33% in 2016 to almost 37% in 2022.
✅ Work structures have been built to accommodate men.
→ Tara Cemlyn-Jones, the CEO of 25x25, noted that work structures built over the last 200 years have not been accommodating towards female employees, and emphasised that the solution lies within conscious efforts.
→ The inequalities are present globally, as the US saw less than 6% of women as company directors and approximately 30% of females occupied board seats in Great Britain.
→ A survey by Deloitte, which researched a total of 10.500 companies in 51 countries, found that 1 in 5 board members were women, and only 1 in 20 were chief executives.
✅ Some countries have introduced quotas to fix the gender imbalance in the work field.
→ France enforced a law which mandated that company boards must consist of at least 40% women.
→ The results have been effective, as France came out on top in Equileap's ranking for gender equality in companies, evaluating on criteria such as pay, leave, and protection from harassment.
→ While the quotas have helped to increase the involvement of women, it still predominantly takes place in fields such as human resources and marketing.
→ In countries such as Germany, Italy and Spain, women remain underrepresented in CEO positions, with only a few female CEOs leading influential companies.
✅ Women's representation is predicted to keep growing in the future.
→ France also introduced a law with a target of at least 30% of women in executive roles by 2026, and 40% by 2029.
→ Investors can wield a significant influence over gender representation.
✅ Malta is facing the same situation, as women are underrepresented in top leadership positions.
→ The Gender Equality Index (GEI) reported that in Malta's biggest companies, there are only 16 women for every 100 board members.
→ Overall, the country ranks 14th among the 27 Member States.
→ The European Institute for Gender Equality noted that Malta is 'catching up', and despite lower index scores, the country is making improvements at a faster rate.
Read the Article! 👇
https://timesofmalta.com/article/women-battle-equality-top-business-jobs.1087639