All over the world, female CEOs hold the position of CEO in companies for a shorter period of time than men. As of 2018, women held executive positions for an average of 5.2 years, while men held 8.1 years.
The analysis of the British firm Russell Reynolds, which is engaged in the search for managers, states that women experience professional failure more often than men, because they often lead companies during crises. There, companies listed on 12 stock exchanges around the world were studied and concluded that female leaders face a “glass ceiling” and experience a “gender gap in positions”, writes the Guardian.
The concept of the “glass ceiling” is that women are more often appointed as managers when organizations are going through a period of crisis.
University of Exeter researchers Michelle Ryan and Alexander Haslam found back in 2005 that women are more likely to be appointed to boards after a company’s share price goes bad. As the situation begins to change, men return to leadership positions.
Professor Ryan, director of the Global Institute for Women’s Leadership at the Australian National University in Canberra, calls Russell Reynolds’ analysis “reliable”:
“If women are more likely to take on leadership roles during a crisis, this may mean that their tenure is likely to be stressful and shorter, and their work will be more scrutinized.”
Among the reasons for the decrease in the tenure of women in positions, staff turnover, characteristic of the period of crises, is also mentioned.
“They are considered to be underperforming, even if poor performance was observed prior to their appointment,” – says the study.
Russell Reynolds chairman Laura Sanderson says the study found that as of 2018, women held an average of 5.2 years in executive roles, compared to 8.1 years for men. She attributes this disparity in part to the fact that some of the men whose experiences were analyzed had been managers for decades, and one of them had held the position for 39 years.
Laura Sanderson also says there is very low turnover in leadership roles, making it difficult to progress.
“I think men can enjoy more support within the organization. They can fail big and get back up. Women who have been CEOs tend to choose alternative careers.” – she summarizes.
Iryna Batiuk, “UP. Life”
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