Matty-Sways

Women are not being put on a career pipeline towards CEO roles.

Recently, there has been increased attention towards the number of women in CEO roles. There continues to be a disproportionate amount of men filling CEO roles. Currently, 167 of the largest 3,000 companies in the U.S. have a woman as CEO.

Companies have been intentional about developing female leaders within their country. However, they do not often get considered for CEO positions. One primary reason for this dynamic is the fact that women are not often put in profit and loss (P&L) positions that serve as a major pipeline for future CEOs. Instead female leaders in companies are more often trained for more people-centered departments, such as human resources.

Last year, 26 companies in the Russell 3000 Index hired a female CEO. But, in that same year, 17 female CEOs stepped down.

“The women who do make it to CEO, they’re almost flukes because there’s not a consistent pipeline being built,” said Jane Stevenson, vice chairwoman of board and CEO services at executive-recruitment firm Korn Ferry.

Women are less often picked out for leadership training and men are three times as likely to receive nudging from coworkers to consider P&L roles that lead to CEO promotions.

Read full story here.

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Economics, Finance and Investing

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