Female CEO Statistics | Actual Reasons Behind this Figure

Did you know that only 30 CEOs are Female on Fortune 500 companies worldwide, which is only 6% of the total figure? Why is the number of CEOs in top 500 companies taken over by females is up to 6%? There has to be more than just a Gender-oriented reason behind this figure as of 2021. Why and How women made only up to managerial positions, not the Executive position.

Overall Statistics of Women Professional

Women are sincerer than Men, target-oriented, and more trustworthy when it comes to mid-level and senior-level managers. Catalyst Research's research report found that Women acquire 37% of managerial positions as of August 2020.

Statistics have shown that both males and females are expected to complete 66% of assigned tasks. According to Hive, females get 10% more tasks than males in today's corporate sectors. This data shows that females are more work-oriented and still don't get a chance to complete promotable tasks than males.

Paycheque Statistics

The average income of Women CEOs was slightly higher than male CEOs in the year 2016. They got approximately $23.1 million paycheque on average, where men got only $16 million that year. But, we can't ignore the fact that the individual Salary scale is way less for females than males. Virginia Ginni Rometty, CEO of IBM, earned annual compensation of $32 million, but charter communication's CEO Thomas Rutledge earned $99 million in 2018.

Importance of women in business in 2021.

People know that females are more likely to be genuine and wiser than males when assigning tasks to employees. Women are more polite and hence have better control over negotiation and finalizing the deals. Statistics show that 87% of businesses have at least one female in their managerial position. Surprisingly, 77% Human Resource Manager Position is captured by female professionals as of 2019.

As we know that they are more sincere than men, they led the top-level medical and health service position with approximately 72%.

Replacement from CEO & Its Cause

Still, they are 45% more likely to be fired than men counterparts even if they are doing well and generating profit. And out of them all vacant positions, males are dominating the replacement rate by 78%. The Board of Directors of any companies have a majority of male professionals, and they try to hire a male in the top executive level.

They are supposed to be weaker in making blind decisions. Fear of losing what they've achieved led them to be wiser, and being wise might hit CEOs too badly sometimes. They are always being criticized for not being able to command over critical situations. Let's hear a quote from an inspirational female personality.

Also Read: World's Best CEOs are mostly Engineers | Learn Here Why

Why Women CEOs are less

Women have to suffer from many things in their careers as compared to male professionals. Starting from study to placement to being able to allocate enough time for business. Females are supposed to be more inclined towards home improvements and balancing family.

In-Organization Factors

1. Hormones affect people's thinking in terms of leading the Organization and other behavior.
2. CEO has to be Ruthless sometimes, but girls are taught to be polite, soft, and diplomatic. And they have this behavior by nature as well.
3. Women are less likely to be Groomed as compared to men.
4. Chances of getting support to think about business, profit, and everything required to be a CEO is less for
5. Women might lack those corporate politics to get liked by BOD.
6. Boys are taught to lead people, and the CEO is not just a position; it's the Organization's face, and the person holding this position has to lead the Organization.
7. Governmental Organizations in Nepal offer 33% allocation for women, and this affects corporate sectors also.

Out-Organizational Factors

1. Women prioritize their family, children, and growth, which eventually develop them as top-level candidates, not CEO. In comparison, men have got the advantages of looking only after the corporate ladder.
2. They also hesitate to demand what they deserve. In other words, They feel like I might not be suitable for a C-Suite job.
3. Qualification is the most important thing to be in a position like CEO. I think they don't get that qualification, whether it's a certificate, experience, or guts to lead the Organization.
4. They are being dominated by themselves. I mean, A woman devotes a woman to be the CEO. Women are being biased toward women themselves.
5. Girls have to leave their birth home to another, and a lot has to change in her life. In-laws, pregnancy, Child-caring are the major facts that stop women from being in the position they deserve to be.
6. Male dominant society in Nepal also acts as a barrier for women to get success in their Organization.

Conclusion                              

With the rise and development of Women's Empowerment, Girls are being educated, productive, and energetic like never before. A lot has changed over the past few decades. And our research shows they have performed well in positions like Project Manager, Writing and human resource management But still, they are below average. Why? Because She is a mother, daughter, wife, Daughter-in-law. We still feel like there are some tasks at home that a female individual is responsible to operate. They don’t get enough credit for their involvement even in the office also. Changing these conceptions, and behavior will surely develop them to be in the CEO position and improve the statistics of female CEOs in the world after 2021.