Redian新闻
>
Less than a fifth of China’s executives are female

Less than a fifth of China’s executives are female

公众号新闻
Women account for only 19% of executives in China, compared to an average of 25% in leading countries, according to Bain & Company and Spencer Stuart’s new joint report China Needs More Women in Executive Leadership.

Despite having similar workforce participation and greater growth of access to higher education, fewer Chinese women become executives compared to other countries. Chinese women reach mid-level management at similar rates as women in countries that lead in gender parity – these include the US, UK and Australia. However, at the executive level only 19% are female compared to an average of 25% in leading countries.

The business benefits of gender diversity in executive teams are well-documented. Having more women on executive teams improves financial performance including profit and cash flow performance, shareholder returns, and credit ratings. S&P 500 and FTSE 350 firms with female CEOs and/ or gender balanced leadership teams also had a lower probability of default before the Covid-19 pandemic and fared better during the downturn, according to Credit Benchmark.

Chen Shen

Partner at Bain & Company.

Based in Shanghai

Women’s representation in executive teams is not a question of being ‘fair’. It is an important lever for value creation. When women do not rise to their full potential, neither do their companies.



Chinese female executives surveyed by Bain & Company and global leadership advisory firm Spencer Stuart highlighted five key drivers - proactively seeking challenging opportunities to improve capability, comprehensive exposure across functions and roles, achieving extraordinary results, getting sponsorship from senior executives, and expressing opinions confidently to drive key decisions – and two must-haves - setting and planning for executive role as career ambition and getting sufficient work-life support - that contributed to their success, and are aligned with the observation in the executive search market. These elements helped Chinese female leaders perform to their potential, earn recognition and sponsorship, and be fully devoted to their careers.

Christina Zhu

 Co-head of Spencer Stuart’s Greater China region

As China is still a developing market, we often hear from employers that they are seeking executive candidates who are fully committed to their careers, who proactively seize opportunities to break into white space and are skilled at navigating complex stakeholder networks.


Based on Bain’s interviews and survey, four challenges derail women’s career progression.



Family responsibilities weigh on women more than men


About 83% of the women surveyed said family duties prevent them from being fully dedicated to work. Sixty-eight percent of women said their families do not understand their career ambitions. Women need more support from their employers too. More than 70% of respondents said a lack of parental support at work prevents them from advancing in their careers.



  1. Women hesitate to speak up and take opportunities


Respondents said Chinese women spend more time on major decisions or wait to express their opinions, which can be perceived negatively. More than 80% of respondents said being risk-averse or waiting to be well-prepared before speaking is a barrier to their advancement.


Women also find it harder to pursue challenging assignments that widen their skillsets. Nearly 60% of women said they hesitate to reach out to senior leaders for opportunities out of fear of making mistakes.



  1. Women feel excluded from male-dominated networks


Since most leadership circles are composed of men, networking opportunities and social norms are male-dominated and harder for women to break into. Being excluded from social events can shorten women’s careers as it prevents them from gaining sponsorship. In the survey, about 80% of women said the lack of access to executive networks makes it harder to get senior sponsors. More than half said it was more difficult to build high-level connections across the business.



  1. Women are unconsciously biased by an ‘average’ view


Women also face unconscious biases, namely that all women are ‘average’ and perform the same. In contrast, men are usually recognized by their individual capabilities and characteristics.


According to Bain’s research, women in the workplace are perceived to be less committed, less confident, and less ambitious. As a result of bias, nearly half of respondents believe they receive fewer challenging tasks and opportunities to develop at the workplace.


If a man and a woman deliver the same results, women believe the company would favor men. Forty-seven percent said bias about women ‘being average’ makes it harder for them to receive due recognition. The ‘average’ bias also limits women’s career potential. Women stop being promoted to CFO and CEO positions at around age 50, and leadership is turned mostly over to men.


Companies in China need to create an equitable environment for men and women. First, they should ensure leadership commitment. With top-down support, companies can create gender targets for the organization including identifying high potential women and building a career progression plan with them. Second, companies should work to remove unconscious biases and ensure both genders are treated fairly at work, including during selections and performance reviews. Then, they could build more equitable support systems such as flexible working options with leaders setting the example, as well as encouraging more men to take parental leave. Finally, companies should establish more female-focused networking opportunities.



Scan QR code to download the report



点击“在看”分享

微信扫码关注该文公众号作者

戳这里提交新闻线索和高质量文章给我们。
相关阅读
突然开放像不像二十多年前, 对国企下的猛药啊!?Invitation | Executive MBA Info Session – ShanghaiHiring | Executive for ABL(Full Time)China Academy of Art Fires Professor Over Plagiarism Allegations论外星人和高级AI就在你我之间Cut Children’s Access to Vulgar Memes: State Media Commentary"𝙇𝙚𝙖𝙙 𝙏𝙝𝙚 𝘾𝙝𝙖𝙧𝙜𝙚"广告#创译挑战Young Chinese Love Everything About Sweden. Except Living There.Chinese Teams in Turkey: Rescue Over but Relief Will Take YearsLeCun吴恩达开直播,疾呼GPT-5不能停!LeCun:干脆管制凤头鹦鹉6个月Are China’s Architects Out of Touch?The Desire for Twins Is Putting China’s Mothers in DangerWebinar | China Fixed Income Outlook & Index Investing 2023Reverse Alchemy: The Chinese Emperor Who Turned Silver Into Tin第三届 冇(Mǎo)国际青年影像周 开始征片啦!Amid Recovery Push, Street Vendors Make a Comeback Across ChinaAgustín Hernández:中美洲建筑背景下的未来主义巨构Shanghai Vows Greater Market Access for Economic RecoveryYoung Chinese Embrace Temple Visits to Evade Life’s Pressures斯坦福5.5万人研究:30年,男人长(cháng)了3厘米,但并非好事中国疫情为何比看起来更严重?三大失误To the Fields: China’s Professionals Become Part-Time FarmersRupert Murdoch engaged to be married for fifth time!!!!清酒不用烫,浊酒不用筛(6)一字威士忌经济学人:Younger Americans are friendlier to ChinaBordering on Recovery: Life on China’s Russian Frontier英国金融| 日常实习推荐: Executive/Gainpro/Goldman Sachs已开启,23/24届可投!Overcapacity Plagues China’s Dairy Sector as Demand DampensFeminist Publisher Accused of Attempted Sexual AssaultInvitation | Executive MBA Open Day - Hong KongMedical English for ChinaChildren’s Slime Toys Under Scrutiny Over Toxic ChemicalChinese University Fires Professor Accused of Sexual Harassment中国力量!厦门力量!Chinese rescuers save lives in quake-hit TurkiyeIn Hainan’s FTZ, China Lets Foreign Universities Operate SoloUs and STEM: The Collective Paving The Way for Women in Tech美国宾州里海大学(Lehigh University),著名学府Chinese Heavyweight Boxer Secures Historic Win
logo
联系我们隐私协议©2024 redian.news
Redian新闻
Redian.news刊载任何文章,不代表同意其说法或描述,仅为提供更多信息,也不构成任何建议。文章信息的合法性及真实性由其作者负责,与Redian.news及其运营公司无关。欢迎投稿,如发现稿件侵权,或作者不愿在本网发表文章,请版权拥有者通知本网处理。