There’s good news and bad news in the fight for gender equality in Corporate America.
The good news: according to a new Korn Ferry study, the percentage of female executives (identified as vice president and above) has risen considerably in the last five years, from 31 percent in 2016 to 39 percent in 2021.
The bad news: The Covid pandemic has been devastating for women on the rise to roles for the future, and there are still far fewer women executives than men in the C-Suite overall. This is particularly woeful in general management overall and in many key functions and industries, more specifically.
In many instances, setting out to simply hire more women executives won’t alleviate the gender gap at the top of organizations.
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