Female CEOs Are More Likely To Be Fired Than Males, Study Finds
4 MINUTE READ
According to a new study in the ‘Journal of Management’, Female CEO’s seem to be fired at a much higher rate than their male counterparts.
Forbes has published this timely article that brings us back down to earth for a minute. There has been much to positively report on in this realm, however we are still battling the gender pay gap and it is being reported that we are not shrinking it as quickly as we could be.
A recent study conducted by the University of Alabama has uncovered that when ‘they distinguished between CEOs who left voluntarily and those who were fired, gender, and what was going on at the company at the time. They found that overall, female CEOs were about 45% more likely to be fired than their male counterparts. What’s also telling is that improvements in performance, which had a protective effect for men, had no such effect for women.
This is important information for us to hear, reflect on and digest. There is still awareness that needs to be spread and true compensation levelling that needs to occur. Oh and guess what. It starts with YOU.
Have you been asking the hard questions and looking within your organization to understand if compensation has been fairly and equitably accounted for across genders, role level and experience? Did you apply for that promotion that just came up or did convince yourself you are not ready even when your male counterparts with less experience than you apply?
We all need to step it up, no day like today ~
Forward by: Tess Sloane, Talent Lab