Business Chief Europe Magazine June 2021 | Page 104

CORPORATE FINANCE

“ The more diverse your management team , the more engaged your workforce , and the better your customers are being looked after – in short . You are better informed of the world , you tend not to miss trends , making your balance sheet stronger and your organisation run more efficiently ”

JULIA VAN DEN BOSCH WAZEN CONSULTANT , ODGERS BERNDTSON ’ S CFO PRACTICE surprisingly , men then end up holding 62 % of manager-level positions , while women hold just 38 %. The number of women decreases at every subsequent level , so despite improved hiring and promotion rates for women at senior levels , they aren ’ t able to catch up .
Hanady Khalife One would assume this is a problem most prevalent in the Middle East but it is global . A National Bureau of Economic Research study from Denmark found that even at the height of their careers , women tend to spend more time raising children , and so work fewer hours , take longer breaks from full-time employment , and are more likely to move into less demanding jobs with lower growth and less pay .
Other reasons include the pay gap , lack of mentorship and coaching , and aggressive
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