Is Gender Discrimination a Real Thing In The Current Business Sector?
While women are close to 50% of the global population, they make up only 30% of high-level positions in the business. What’s stopping them from climbing the career ladder? Given that women are better educated and more active in the labour force than ever before, why is their representation in top positions still lagging behind men? Find out whether businesses can do something about this imbalance by exploring this Achal Chaurasia latest news.
Where do Women Stand in the Employment Sector?
According to recent stats, around half of the working-age women are actually contributing to our global labour force, on the contrary, it’s around 75 percent when it comes to men!
The gender gap in business is real. There are fewer women than men at the top of all businesses, including both large and small companies. Specifically, only 26 percent of FTSE 100 CEOs are female. In addition to this low representation, there is also a huge pay gap between men and women. A recent study found that around 30% of women in leadership roles earn less than their male counterparts, which poses the question: Why do so many companies still have an imbalance between men and women?
What’s worse is that talented men aren’t getting hired for these roles either. Women’s lack of representation in senior leadership roles makes it harder for companies to attract talented people from other industries who may want to work with these companies but would be less likely to if they were aware of the underrepresentation of women at the top levels of those businesses.
What’s Stopping them from Getting the Top Positions?
Despite the fact that currently, women continue to outnumber men in filling managerial positions, we have yet to close the gap with men in high-income countries, particularly when it comes to executive and boardroom roles. In addition, it seems that several big businesses are out of touch with the changing fables of society, so needless to say there’s still a long way to go! But, are there any real obstacles faced by women which are stopping them from climbing the ladders?
- Anytime-Anywhere Culture
The burden of the daily chores still falls mostly on women. They still do the laundry, the cooking, and all of those other thankless jobs that allow us to spend our time on more ‘productive’ work. However, as we are truly living in the information age, most businesses practice the culture of constant availability!
Most of the current working population is already familiar with these; the buzzing intercom, the constant phone calls, and emails, and the endless list of daily business operations to do! And, let’s not forget about the extra work on the job: the urgent, unplanned tasks that crop up at short notice; the latest client request that requires an all-nighter; and so on.
So, as a result, most women fail to adapt to this culture which ultimately gives men an edge while competing for those high positions.
- Designating the “Women’s Work”
It has been observed that women are found mostly in business support functions, such as HR and handling finances. A survey looked into this phenomenon of designating certain functions as “women’s work” and how this may reduce prospects for promotion. And, it has been found that, in such roles, women don’t get much opportunity to be the real decision-makers of the company which ultimately limits them to hold the top positions.
On the contrary, you might see a whole lot of male managers in the business fields that actually matter; research, profit, and loss, developing strategies, and so on. Making it easier for men to dominate the actual business market!
- Absence of Women Input
A recent study by a women’s rights organisation shows that even though more than half of the workforce is composed of women, their employment in senior roles drops drastically. This means that although many women are present in the workplace, men still dominate the highest positions. This often occurs because female managers feel pressured to accommodate male co-workers, meaning that an unproductive culture is encouraged and so the cycle continues. Apart from that, if the boardroom is already dominated by male executives with no female input, promotions will obviously be somewhat biased!
The bottom line!
Gender equality is a hot topic in business, and we’ve tried to portray its current standpoint through this Achal Chaurasia latest news.
It’s generally been argued that women have always been more educated than men and that this educational advantage has allowed them to take part in the labour force at higher rates than men. So, surely this means we’ve come a long way and that the time for gender equality is over? Well no. We have made progress but there is still much work to be done, both globally and within businesses!
Also, read- Promoting workplace diversity in the corporate world
Author- Achal Chaurasia
A young businessman who has been in the line of entrepreneurship for quite a few years. He is an active learner and loves to know more about new technological developments CG up as well as how they can be put to great use to yield better results for the society.