Women are still underrepresented at every level in the corporate pipeline. Many people assume this is because women are leaving companies at higher rates than men or due to difficulties balancing work and family. However, several analysis and research tells a more complex story: women face greater barriers to advancement and a steeper path to senior leadership.
Female leadership is an imperative for organizations that want to perform at the highest levels. Yet based on the slow rate of progress over the last three years, it will take twenty-five years to reach gender parity at the senior-VP level and more than one hundred years in the C-suite.
Integration of gender diversity within the DNA of an organization by mainstreaming it in all people processes is the only way to change the culture and the numbers of the organization. Many companies are taking an external focus in the sense to ensure their employee base reflects their customer base as well. With women making a huge portion of buying decisions in the family, more and more companies are onboarding women in their decision making processes and roles. Actively strengthening the women and grooming them for those senior roles is another way companies are increasing their talent pools for the future.