Earlier this week, we reported on research by Great Place to Work. Its 100 best firms for women were cited. Today’s post cites other research. It is broader in scope. And it is global. Best and Worst Workplaces for Women Executives.
Background
For 2017, 24/7 Wall St. conducted its own research on women in leadership positions. 24/7 Wall St. is a financial news and opinion company. In sum:
“Despite strides made by women, stereotypes persist and gender equality is slow coming. In 2016, a woman earned 80 cents for every dollar a man received. This was 20 cents more than in the 1960s. Yet , this is still not equitable. The gender gap is greater in senior leadership positions at large firms. Some firms do not have any female executives or board members.”
“To identify companies with the best and worst female representation, 24/7 Wall St. examined data from LedBetter. The latter, created an index of the share of women on the board and the share of women in executive leadership positions at 237 global corporations.”
Best Workplaces for Women Executives
According to 24/7 Wall St., “Chico’s FAS Inc. leads the group with the most representation of females in senior management positions. At Chico’s, women hold 73% of executive positions and are 56% of the board.”
These are the top 10 of the 237 firms reviewed:
- Chico’s FAS Inc. Women in leadership roles: 56% (board), 73% (executive).
- Etsy. Women in leadership roles: 50% (board), 63% (executive).
- H&M Group. Women in leadership roles: 64% (board), 35% (executive).
- Kering. Women in leadership roles: 64% (board), 29% (executive).
- Best Buy. Women in leadership roles: 40% (board), 40% (executive).
- L’Oreal. Women in leadership roles: 47% (board), 33% (executive).
- Diageo. Women in leadership roles: 40% (board), 40% (executive).
- Target. Women in leadership roles: 33% (board), 42% (executive).
- Gap, Inc. Women in leadership roles: 30% (board), 43% (executive).
- Prada Group. Women in leadership roles: 22% (board), 50% (executive).
Worst Workplaces for Women Executives
With regard to worst workplaces, 24/7 Wall St. says: “Women are inadequately represented in several positions worldwide, most notably within the managerial sector. Only 16 of the 237 companies assessed by LedBetter have female CEOs. Seven of the companies do not have any females in executive positions or on their boards of directors.”
These are the bottom 10 of the 237 firms reviewed:
- Icahn Enterprises. Women in leadership roles: 0% (board), 0% (executive).
- Nissan Motor Corporation. Women in leadership roles: 0% (board), 0% (executive).
- Nintendo. Women in leadership roles: 0% (board), 0% (executive).
- Kia Motors. Women in leadership roles: 0% (board), 0% (executive).
- Energy Transfer Equity. Women in leadership roles: 0% (board), 0% (executive).
- Plains GP Holdings. Women in leadership roles: 0% (board), 0% (executive).
- Samsung Electronics. Women in leadership roles: 0% (board), 0% (executive).
- Toyota. Women in leadership roles: 7% (board), 0% (executive).
- Newell Brands. Women in leadership roles: 8% (board), 0% executive.
- Panasonic. Women in leadership roles: 8% (board), 2% executive.
As a woman in business and the President of the undergraduate women in business organization on campus, I believe that women should be included in every aspect of business including board and executive. And women still not being paid equally to men and the increase of 20 cents for every dollar a man makes in the last fifty seven years is ridiculous. There is no reason why a woman who is doing the same job should be paid less than a man.
At time point in time it is so ridiculous that women still earn less than men for doing the same job. We have come so far as a country that to see this is horrible. I believe that women should only receive the same job as men only if that woman is as qualified as a man would be. Women should not be excluded from executive positions simply based on the fact that she is a woman.
It is truly saddening to witness these inequalities in this time period in all matters of life not just the business world. Sexism has stunted the growth of multiple corporations and threatens to keep us from achieving social and economic progress which we hope to achieve in our analysis of management and production. Moreover, it is terrifying to see that certain popularly named businesses have such a small percentage of women in board and exceutive leadership roles, with some not having leadership positions at all.
As a female business major this post did not sit will with me. It is truly quite a travesty to consider the idea that women still are not treated as equals in the work place. I do wish to hold a position of authority in the work place one day. This post was extremely informative onto which businesses and corporations hire and help women succeed in the workplace. We should live in a world where gender plays no role to fit certain quotas or sexist beliefs but who ever is most qualified for that job or position.
Agreed
I think it is really unfortunate that companies still feel that women are not as equally capable as men on an intellectual basis. I think what stuck out to me the most in this post is that the lower ranking companies are owned and run by certain cultures that value masculinity more than other cultures. For instance, Toyota is a Japanese company that has given top executive positions to the descendants of Sakichi Toyoda. Recently in my international business class we learned about Geert Hofstede’s analysis of cultural dimensions and how they play a role in specific countries. When we compared Japan to American, we saw how differently the companies function. Unfortunately in the Japanese culture it is very common to not see women in the workplace. I personally have no personal connection or experience in the Japanese culture, so I don’t know if women prefer to have other jobs or if they are happy or not with the way the business culture is. I think the important take away here is that global education is imperative, because women deserve the opportunity to learn and have the same opportunities as men do. It is eye opening to know how much progress there still needs to be made in regards to gender equality.
I think it’s crazy that it’s 2017 and women still are not holding positions in many areas of business. I also found it interesting that the higher positions women hold are in companies mostly regarding fashion and beauty, while men dominate the fields of technology. Naturally it makes sense that each sex dominates the field explained, but it’s disappointing to see that even in the day and age we’re in today, the separation of sexes in certain fields is still so prevalent.
It is hard to believe as far as we may have come in gender equality still in over 50 years we have only gone up 20 cents. There should be no gap; both genders should be paid the same for doing the same job. It is interesting yet very concerning to see that the top three firms with women in leadership roles are all clothing companies while three out of four in the worst percentages are automotive companies.
It is interesting to compare the places in which women play a large role in the companies listed. Women executives seem to exceed in clothing or beauty companies such as H&M, L’Oreal, Gap, and Prada.Though it may seem sexist, I believe that women are the best choice for these brands, because what they sell is mostly catered towards women. If the companies main consumers consist of women, it would make more sense to put a woman in charge. Vice verse; they fail to exceed in companies such as Kia, Toyota, and Nissan. The stereotype is that men are more involved with cars than women. Even though this is a sexist stereotype, it deems true, and it would make more sense for men to mainly be apart of the executive board.
GM is doing well with a female CEO. 🙂