Women in Great Jobs Still in Wrong Jobs – Bloomberg 08-21-14

Salient to Investors:

  • The majority of top-ranked women in S&P 500 companies are not in the operational jobs that lead to CEO – 55% are finance, legal or HR chiefs. 94% of S&P 500 CEOs held top operations positions immediately before appointment.
  • Women lack role models and tend to start in functional positions. Companies are more likely to promote a man in a line job than a woman.
  • Women account for 8% of the 2,000+ top-5 highest-paid executives at each S&P 500 company, with 42 percent of those who were not CEOs in operating positions.
  • Julie Daum at Spencer Stuart said companies rarely pick heads of HR to be directors.
  • Jane Stevenson at Korn/Ferry Intl said not enough women risk getting to operational jobs. Stevenson said men immediately think about what they need to get the next job, whereas women focus on proving they deserve to be in the job they are already in.
  • The S&P 500 had only 24 female CEOs in June 2014 – up from 6 in 2000 – despite women comprising half of the total US workforce.

Read the full article at  http://www.bloomberg.com/news/2014-08-21/women-in-great-jobs-still-in-wrong-jobs.html

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