Women in the workplace face specific challenges, particularly when attempting to advance in their organization. The International Society of Female Professionals, or ISFP, is devoted to connecting professional women and aiding them in their professional and personal lives. They believe the 2022 Women in the Workplace Study provides needed insights and a roadmap for improvement.
The 2022 Women in the Workplace Study
The 2022 Women in the Workplace Study is the largest study focusing on the topic. It spans 333 organizations with a total of more than 12 million employees and includes 40,000 survey participants. This is the 8th year for the survey.
The Great Break-Up
There have been several workplace movements in recent years, including The Great Recognition and Quiet Quitting. The latest in this trend is The Great Breakup.
Women are leaving their organizations in record numbers and at a much higher rate than men. They are setting their sights on organizations that prioritize what they are looking for, including equity and flexibility.
Women in Leadership Roles
The number of women entering the workplace is 48%, which is nearly equal of men entering the workplace. In a perfect world, leadership roles would also be equally represented. Unfortunately, this is far from the case.
40% of managers are women. Unfortunately, the disparities get bigger with each rung on the leadership ladder. 32% of vice presidents are women and only 28% climb to senior vice president. The biggest disparity is at the top. 25%, or 1 in 4, C-suite leaders is female, and only 1 in 20 is a person of color.
Pipeline Problems
Corporations are losing their women leaders. The International Society of Female Professionals believes this will have a significant negative impact on these companies. There are two reasons why female leadership is dwindling within many organizations.
The first step on the corporate ladder plays a big role. The International Society for Female Professionals notes that for every 100 men who are hired for managerial roles, 87 women are hired. The number is lower for women of color, with 82 being hired for every 100 males appointed to the position.
This means that fewer women are available for promotion to higher authority roles.
The other pipeline issue is the number of women that are leaving their current jobs. For every female director that is hired, two female directors change jobs. This means that many companies are losing female leadership at a much higher rate than they are hiring female leaders.
Lack of Recognition
One of the most significant issues female professionals face is also what makes them so valuable to companies. They are much more likely than their male counterparts to focus on employee well-being, diversity, equity, and inclusion. This contributes to higher employee satisfaction and retention, which ultimately increases profits.
However, 40% of women say this work is never considered in their performance reviews. They are performing extra work with no recognition.
ISFP
The International Society of Female Professionals is devoted to connecting, supporting, and empowering professional women. They seek to empower women to make a difference in their organizations. The ISFP helps women to develop professional connections, accelerate professional development, and mentor and support fellow female professionals.
About The Author
