In addition, it would appear that many companies assume that women will leave a job sooner than men to start a family although a 2018 report by McKinsey and LeanIn found that women and men are leaving jobs at the same rate. Despite the fact that women are consistently earning more bachelor’s degrees than men, they are still getting hired for considerably fewer entry level jobs according to a study by Grant Thornton in 2018. Very often, women start off on the back foot. Do Women Have to Approach Business Differently? The question then remains, what can women do to help themselves get ahead in a business world? The answer overwhelmingly seems to be: support each other. Women face numerous challenges in the workplace, including assumptions about family and career goals. While the number is growing year on year, Grant Thornton found that in a study in March 2019 currently only 29% of senior management roles are held by women globally. By looking at the statistics, it is clearly seen that only 25 out of the Fortune 500 companies have female CEOs. Yet, there is still a long way to go before women have equal standing to men in the business world. This extends to negotiations, where deals are more likely to be brokered and last longer if women are involved in the negotiating process. Studies show that high levels of diversity in a company lead to increased idea generation and allow companies to consider new perspectives. The gender pay gap is increasingly being brought into mainstream consciousness and gender balances in the workplace are being highlighted. Recent years have seen heightened importance given to women’s role in business.
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