High-potential women in India’s thriving technology sector begin their careers as equals with men, with similar aspirations to the highest levels including that of CEO, according to a new Catalyst report. Despite this very promising start, a gender gap soon results in women earning less and receiving fewer opportunities that lead to advancement, conditions that contribute to fewer women in critical senior-level positions and a pay gap between women and men that expands over time.
According to a December 2016 Catalyst report, "Role Negotiation and the Pursuit of Hot Jobs," there are several potential payoffs from the successful role negotiations of high-potential women and men: they report greater access to hot jobs, see themselves as more innovative in their work, and picture themselves as more likely to stay with their current organization.
Catalyst, the global expert on accelerating progress for women through workplace inclusion, today announces the inaugural class of its U.S. Women On BoardTM initiative to address the lagging representation of women on boards and the increasing demand for diversity in corporate boardrooms. This U.S.-based, two-year program pairs CEO/board chairs who serve as mentors and sponsors with CEO-endorsed board candidates.
Women in the workplace are often confronted with obstacles that impede their advancement to leadership positions. For women of color, visible minority women, and indigenous women, these obstacles are affected by the intersections of race, ethnicity, class, and gender.
A year ago on Sunday, women raised their voices in a collective roar that is still reverberating across the United States and the world. At the Women’s March in New York City, I stood alongside colleagues, friends, neighbors, and allies of all backgrounds to challenge the status quo and call for women’s equality in all areas of our lives.
Gender, Race, and Ethnicity
Recent data from Catalyst shows that women of color make up only 16.5% of the S&P 500 labor force. And as job level increases, the number of women of color decreases drastically—especially at the executive and C-suite levels. As a call to action, Catalyst will host the Women of Color Summit, gathering global experts to provide fresh thinking and spark change for women of color.
Catalyst Canada congratulated the government of Canada on its newly released action plan to increase the representation of women on public and private boards in Canada. “Good for Business: A Plan to Promote More Women on Canadian Boards” outlines a number of best practices to advance women to boards, and recommends that companies aim to have 30% of board seats filled by women within five years, with a longer-term goal of gender balance on boards.
Women’s representation on boards at Canadian public companies increased nearly two percentage points from 2011 to 2013, signaling new momentum for corporate Canada. According to the 2013 Catalyst Census: Financial Post 500 Women Board Directors, women’s representation on boards of public companies increased from 10.3% in 2011 to 12.1% in 2013.