Email
Password
Remember meForgot password?
    Log in with Twitter

article imageIs the corporate gender gap decreasing?

By Mike White     Mar 31, 2014 in Business
According to financial experts online, the gender gap in the corporate world is one of the biggest problems in the professional word, and small business are affected too. The good news is the gap has been decreasing in entrepreneurship.
According to banktracker.com, in the United States, only 12 percent of corporate board chairs have been filled by women. The number is only 18 percent in France. That means, according to the article, America would have to improve by 50 percent to do as well as France, which still isn't doing that well. In Japan the news is even worse--only 3.9 percent of corporate board members are women.
The good news is in entrepreneurship, which often involves small businesses or even businesses run by an individual, equality among the sexes is increasing.
Amy Rosen, CEO of the Network for Teaching Entrepreneurship, of the 19,000 high school students who were involved in her network's programs in 2013, 52 percent were girls.
Nobody is forced to be a part of the programs either. All the classes are electives. There was speculation in the article this shows a growing number of women are interested in owning and operating their own businesses.
Some believe this may not only mean more and more women will own their own small and large businesses, it may also indicate more women will soon be in the corporate boardroom.
Some have even speculated one day women will outnumber men in boardrooms in the United States.
According to CNN, a report by Goldman Sachs shows that if women matched men in employment in Japan, the country's gross national product would increase by 15%. That would be twice the size of the Japanese auto industry--including Toyota, Nissan and Honda.
In the Japan the gender gap may be greater than in other countries because of societal expectations of family and motherhood.
A report by Babson College showed that for every woman in the world who stops running her own business, 3.2 women in the United States start new businesses.
The Huffington Post reported that the United States is in the bottom ten percent of countries as far as having women in senior management positions in business, out of 45 countries. The Grant Thornton International Business Report contained the statistics.
According to the report, women occupied 22 percent of senior management positions. That is actually a slight increase from 20 percent last year.
The United States is behind Indonesia, Russia, the Philippines and Latvia in that statistic.
"It's no longer feasible for U.S. businesses to adopt a sit-and-wait policy when it comes to promoting women to senior management roles, particularly when so many other nations — developed and emerging — are more rapidly realizing the benefits of diverse senior leadership," explained Erica O'Malley, the national managing partner of diversity and inclusion for Grant Thornton.
More about Corporate gender gap, decreasing, Small businesses, Entrepreneurship, United States
More news from Show all 6
Latest News
Top News