Catalyst Census Shows Women Still Not Scaling the Corporate Ladder in 2010
New Study Indicates Clue to Reversing Trend
- Women held 15.7% of board seats in 2010 — only a 0.5 percentage point gain over the 15.2% they held in 2009.
- In both 2009 and 2010, more than 50% of companies had at least two women board directors, yet more than 10% had no women serving on their boards. The percentage of companies with three or more women board directors also remained flat.
- In 2010, women held only 14.4% of Executive Officer positions, up from 13.5% in 2009.
- In 2010, women Executive Officers held only 7.6% of the top earner positions, as compared with 6.3% in 2009.
- In 2009, more than two-thirds of companies had at least one woman Executive Officer; this number did not change in 2010. The same held true for companies with no women Executive Officers.
- Men with mentors had starting salaries in their first post-M.B.A. jobs that were, on average, $9,260 higher than the starting salaries of women with mentors.
- Men received more promotions than women, and their promotions came with greater salary increases — men received 21% more in compensation per promotion while women’s compensation increased by only 2% per promotion.
- High potential women and men with senior-level mentors — those in a position to provide sponsorship — advanced further and earned more than those with less senior mentors, pointing to the need for career support from people with clout. Sponsorship is not a silver bullet, however.
- Men with senior-level mentors still had greater salary increases than women with senior-level mentors.