ILO says gender balance is a bottom-line issue for companies
Gender balance in senior management is defined as 40-60% of either gender, and the ILO said the beneficial effects of gender diversity begin to kick in when women hold at least 30% of senior management and leadership positions.And in nearly half of the companies surveyed, women accounted for fewer than one on three of entry-level management recruits.
The situation obviously varies depending on the country and region where a company is based, with businesses in the Middle East and North Africa generally counting only around 10% women in management positions, the report showed.While women’s employment has grown worldwide in recent decades, they still remain 26 percentage points less likely to hold a job than men, ILO data shows. And they remain far less likely to rise to the level of management or to sit on company boards.
Globally, only about 20% of CEOs are women, and the ones that do get to the top generally run smaller companies.
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