The International Labor Organization (ILO) tabled a report dubbed “Women in Business and Management, Gaining Momentum”. Where it emerged that Jamaica is the leading country globally in terms of having the highest proportion of women managers. Jamaica performed better than countries like the United States and United Kingdom.
The study also revealed that although women are still largely under-represented at the top management levels. The number of women holding position in the senior and middle management levels has significantly increased over the last two decades.
The report presents findings of a 2013 ILO survey of more than 1,200 companies across Africa, Asia and Pacific, Latin America, Caribbean, Eastern and Central Europe. The survey also took into consideration the measures and initiatives taken to advance women position in management. The study got assistance from national employers’ organization across 39 different countries.
“Our research is showing that women’s ever increasing participation in the labor market has been the biggest engine of global growth and competitiveness,” said Deborah France-Massin, the Director of the ILO Bureau for Employers’ Activities, as cited by Jamaica Observer.
“An increasing number of studies are also demonstrating positive links betweenwomen’s participation in top decision-making teams and structures and business performance. But there is a long way to go before we achieve true gender equality in the workplace, especially when it comes to top management positions.”
The study also revealed that women hold only 5 percent of the CEO positions in the world biggest corporations.
France-Massin, adds, “All-male company boards are still common but are decreasing in number, with women attaining 20 percent or more of all board seats in a handful of countries. A global survey quoted in the study shows that Norway has the highest global proportion of companies (13.3 percent) with a woman as company board chairperson, followed by Turkey (11.1 percent).
She further urges that it is very critical that women fill up senior management position in order to be strategically positioned to take up top positions such as CEO or company presidents. The senior position acts as a pool for potential candidates to fill up top positions in most organization across the world.
She further adds, “However, glass walls still exist with the concentration of women in certain types of management functions like HR, communications, and administrations.”
The study also revealed that currently women own and manage more than 30 percent of all businesses, but mostly in the micro and small enterprises category.
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