{"id":247692,"date":"2024-05-23T15:51:58","date_gmt":"2024-05-23T15:51:58","guid":{"rendered":"https:\/\/www.techopedia.com\/?p=247692"},"modified":"2024-10-08T13:08:27","modified_gmt":"2024-10-08T13:08:27","slug":"techs-glass-ceiling-as-women-still-struggle-to-reach-the-c-suite","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/women-in-the-workplace","title":{"rendered":"Women in the Workplace 2024: C-Suite Glass Ceiling Persists"},"content":{"rendered":"<p>Despite gains at the top of the tech ladder,\u00a0 women in the workplace remain underrepresented in <a href=\"https:\/\/www.techopedia.com\/definition\/13928\/c-level-executive\">C-suite-level roles<\/a>.<\/p>\n<p>According to the <a href=\"https:\/\/www.mckinsey.com\/featured-insights\/diversity-and-inclusion\/women-in-the-workplace\" target=\"_blank\">Women in the Workplace Report 2024<\/a> from <strong>LeanIn.Org<\/strong> and <strong>McKinsey &amp; Company<\/strong>, over the past four years, there has been notable progress, with the number of women in the tech C-suite increasing by 38% (+8 percentage points) since 2020. This encouraging trend underscores continued efforts to promote gender diversity at the leadership level.<\/p>\n<p>However, the overall picture for women in management roles reflects persisting obstacles; at the beginning of 2024, women accounted for only 29% of C-suite positions.<\/p>\n<p>In this article, we go into statistics on tech and Fortune 500 women executives in 2024, highlighting both the progress made and the persistent challenges that remain.<\/p>\n<div class=\"su-note\"  style=\"border-color:#dddddd;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#f7f7f7;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h2><span id=\"key_takeaways\">Key Takeaways<\/span><\/h2>\n<ul>\n<li>Techopedia explores women in the workplace statistics.<\/li>\n<li>Women hold 29% of C-suite tech roles in 2024, with only 7% held by women of color.<\/li>\n<li>In 2024, women held 10.4% of CEO positions in Fortune 500 companies, but only two CEOs were women of color.<\/li>\n<li>Even with progress, gender and racial gaps still hold back the advancement of women executives.<\/li>\n<li>Companies that focus on diversity and inclusion, including promoting women leaders in business, see better innovation and team performance.<\/li>\n<li>Providing more opportunities for women in tech at all levels is key to breaking the glass ceiling and achieving true diversity in leadership.<\/li>\n<\/ul>\n<\/div><\/div>\n<div>\n    <section class=\"toc-sticky w-100 bg-white \">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\"\n                 aria-controls=\"multiCollapse1\"\n                 data-bs-target=\"#multiCollapse1\">\n                <button\n                        class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\"\n                >\n                    <i class=\"icon-chevron-up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n                <span class=\"toc-main-title-permanent\">Table of Contents<\/span>\n            <\/div>\n            <div\n                    class=\"collapse my-3\"\n                    id=\"multiCollapse1\"\n            >\n                <ol class=\"StepProgress\">\n                                                                        <li class=\"StepProgress-item current\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"key_takeaways\"\n                               onclick=handleScrollToTitle(\"key_takeaways\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Key Takeaways<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"women_in_leadership_roles_trends_in_tech\"\n                               onclick=handleScrollToTitle(\"women_in_leadership_roles_trends_in_tech\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Women in Leadership Roles: Trends in Tech<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"female_executives_in_fortune_500_companies\"\n                               onclick=handleScrollToTitle(\"female_executives_in_fortune_500_companies\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Female Executives in Fortune 500 companies<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"the_benefits_of_diversity_and_inclusion_in_the_workplace\"\n                               onclick=handleScrollToTitle(\"the_benefits_of_diversity_and_inclusion_in_the_workplace\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">The Benefits of Diversity and Inclusion in the Workplace<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"the_bottom_line\"\n                               onclick=handleScrollToTitle(\"the_bottom_line\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">The Bottom Line<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"faqs\"\n                               onclick=handleScrollToTitle(\"faqs\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                    <\/ol>\n                <div class=\"toc-sticky__container__disperse\"><\/div>\n                <div class=\"toc-sticky__btn-top justify-content-center\">\n                    <button class=\"btn btn-link d-flex align-items-center\" onclick={btnTop()}><p>Show Full Guide<\/p><img decoding=\"async\"\n                                src=\"\/wp-content\/plugins\/table-of-contents\/assets\/images\/arrow-up-circle.svg\"\n                                alt=\"arrow-up-circle\">\n                    <\/button>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n    <div class=\"toc-sticky-list\">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\" aria-controls=\"multiCollapse2\" data-bs-target=\"#multiCollapse2\">\n                <button class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\">\n                    <i class=\"icon-chevron-up up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n            <\/div>\n            <div  class=\"collapse my-3\" id=\"multiCollapse2\">\n                <ol class=\"StepProgress\">\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item current \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"key_takeaways\"\n                                   onclick=handleScrollToTitle(\"key_takeaways\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Key Takeaways<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"women_in_leadership_roles_trends_in_tech\"\n                                   onclick=handleScrollToTitle(\"women_in_leadership_roles_trends_in_tech\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Women in Leadership Roles: Trends in Tech<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"female_executives_in_fortune_500_companies\"\n                                   onclick=handleScrollToTitle(\"female_executives_in_fortune_500_companies\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Female Executives in Fortune 500 companies<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t\n\t\t\t\t\t\t <span class=\"show_moretoc\">Show Full Guide<\/span>\n\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"the_benefits_of_diversity_and_inclusion_in_the_workplace\"\n                                   onclick=handleScrollToTitle(\"the_benefits_of_diversity_and_inclusion_in_the_workplace\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">The Benefits of Diversity and Inclusion in the Workplace<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"the_bottom_line\"\n                                   onclick=handleScrollToTitle(\"the_bottom_line\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">The Bottom Line<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"faqs\"\n                                   onclick=handleScrollToTitle(\"faqs\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">FAQs<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                                    <\/ol>\n            <\/div>\n            <div 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}\n<\/script>\n\n<h2><span id=\"women_in_leadership_roles_trends_in_tech\">Women in Leadership Roles: Trends in Tech<\/span><\/h2>\n<div class=\"flourish-embed flourish-pictogram\" data-src=\"visualisation\/19636052\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/19636052\/thumbnail\" width=\"100%\" alt=\"pictogram visualization\"><\/noscript><\/div>\n<p>As we noted in our introduction, only 29% of C-suite tech roles were filled by women in 2024.<\/p>\n<p>White women dominated this group with 22%, while women of color held only 7% of the roles &#8211; meaning that women made up roughly 1 in every 4 C-suite leaders in technology, with women of color accounting for an estimated 1 in every 14.<\/p>\n<p>This highlights a key gap in not only gender diversity but also racial diversity within gender representation.<\/p>\n<h2><span id=\"female_executives_in_fortune_500_companies\">Female Executives in Fortune 500 companies<\/span><\/h2>\n<p>This trend is particularly visible with Fortune 500 companies.<\/p>\n<p>In 2024, <a href=\"https:\/\/fortune.com\/2024\/06\/04\/fortune-500-companies-women-ceos-2024\/\" target=\"_blank\">women hold only 10.4% of CEO positions in Fortune 500 companies<\/a>, a figure that has not changed since 2023.<\/p>\n<p>While this number shows little progress over the past year, the current 52 female CEOs are more than double the number from six years ago. It&#8217;s also a huge leap from 1998, when only two women led Fortune 500 companies (+2500%).<\/p>\n<p>Some of the <strong>most notable female executives in Fortune 500<\/strong> companies include:<\/p>\n<ul>\n<li><strong>Karen Lynch<\/strong> of CVS Health, who leads the highest-ranking company at No. 6<\/li>\n<li><strong>Mary Barra<\/strong> of General Motors (No. 19)<\/li>\n<li><strong>Gail Boudreaux <\/strong>of Elevance Health (No. 20).<\/li>\n<\/ul>\n<p>However, women of color are still very underrepresented, with <strong>only two acting as female executives in Fortune 500 companies<\/strong>:<\/p>\n<ul>\n<li><strong>Thasunda Brown Duckett<\/strong> of TIAA, with the company ranking at No. 96; and<\/li>\n<li><strong>Toni Townes-Whitley <\/strong>of SAIC (No. 479).<\/li>\n<\/ul>\n<p>Although the overall percentage has remained steady, eight companies in the Fortune 500 for 2024 became women-led, with a mix of existing and newly appointed female CEOs. Here&#8217;s the breakdown:<\/p>\n<ul>\n<li><strong>Linda Rendle<\/strong> at Clorox (No. 485) and <strong>Heather Lavallee<\/strong> at Voya Financial (No. 487) were already leading their companies, but both businesses rejoined the Fortune 500 this year.<\/li>\n<\/ul>\n<ul>\n<li>Six companies appointed new female CEOs:\n<ul>\n<li><strong>Heidi Petz <\/strong>at Sherwin-Williams (No. 176), who took over the paint company.<\/li>\n<li><strong>Kim Dang<\/strong> at Kinder Morgan (No. 268), now leading the oil pipeline company.<\/li>\n<li><strong>Ariane Gorin<\/strong> at Expedia (No. 315), promoted to CEO after working at Expedia for Business.<\/li>\n<li><strong>Lori Koch <\/strong>at Dupont (No. 327), appointed as CEO as the company announced plans to split into three separate businesses.<\/li>\n<li><strong>Joanna Geraghty <\/strong>at JetBlue (No. 413), becoming the first woman to lead a major U.S. airline.<\/li>\n<li><strong>Adaire Fox-Martin<\/strong> at Equinix (No. 456), who began her role as CEO after her time at Google Cloud.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Despite the successes of women leaders in business, the larger issue remains: women executives, especially women of color, are still underrepresented.<\/p>\n<p>For real progress to happen, companies need to support women in the workforce at all levels and strongly support their advancement into top roles.<\/p>\n<h2><span id=\"the_benefits_of_diversity_and_inclusion_in_the_workplace\">The Benefits of Diversity and Inclusion in the Workplace<\/span><\/h2>\n<p>It has been proven, time and time again, that companies that aim for diversity, including women leaders in business, <a href=\"https:\/\/hbr.org\/1996\/09\/making-differences-matter-a-new-paradigm-for-managing-diversity?autocomplete=true\" target=\"_blank\">get the true and full benefits of a varied workforce<\/a>.<\/p>\n<p>It means hiring and keeping more people from underrepresented groups and using their unique knowledge and experiences to help the organization improve its work. This involves making them part of business processes rather than just showing off inclusivity.<\/p>\n<p>Organizations that value different viewpoints allow their employees to share ideas freely, helping teams rethink how tasks are done and how to achieve their goals. Therefore, creating more opportunities for women in the workplace is key to fostering innovation.<\/p>\n<p>Ultimately, the research shows that when organizations follow this <a href=\"https:\/\/www.techopedia.com\/definition\/34622\/diversity-equity-and-inclusion-dei\">diversity and inclusion strategy<\/a>, their teams perform better than teams made up of the same types of people or diverse teams that do not choose to benefit from their members&#8217; differences.<\/p>\n<p>However, inclusion cannot happen without diversity, and vice versa \u2014 they go hand in hand. So, by overcoming the challenges for women in C-suite positions, businesses can benefit from diverse leadership.<\/p>\n<h2><span id=\"the_bottom_line\">The Bottom Line<\/span><\/h2>\n<p>The challenges of retaining diverse talent, likely due to a lack of inclusion, limit the pool of potential women executives, further exacerbating the underrepresentation of women, especially women of color.<\/p>\n<p>Until companies address the inequity head-on, <a href=\"https:\/\/www.techopedia.com\/women-in-tech-statistics\">women in the workplace will continue to face an uphill battle toward achieving tech leadership positions<\/a> \u2013 with women of color particularly absent from the C-suite.<\/p>\n<h2><span id=\"faqs\">FAQs<\/span><\/h2>\n<div class=\"man_faq_sec\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How important are women in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Women are crucial in the workplace to bring diverse perspectives and ideas, leading to better team performance and innovation. Companies that promote women leaders tend to see improved performance in business strategies and workplace culture.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How are women perceived in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Women are often perceived through the lens of gender stereotypes, which can lead to biases in how their leadership abilities and contributions are viewed. Assertive women may be judged more harshly than men, and their accomplishments can be undervalued.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What are the challenges faced by women in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Women face challenges such as unequal pay, limited promotion opportunities, gender bias, and sexual harassment. Women of color experience additional barriers due to racial discrimination, compounding these issues.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What are some difficulties for women competing with men in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Women face biases that affect how their leadership potential is judged. Assertive women can be criticized more than men, and their contributions are sometimes overlooked, making it harder to advance in their careers compared to men.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How can I support women in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">You can support women in the workplace by advocating for equal pay, promoting diversity, providing mentorship, and encouraging flexible work policies. Addressing biases and creating an inclusive environment is also key to helping women succeed.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Does sexism still exist in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Yes, sexism still exists in the workplace, often manifesting in unequal treatment, gender bias, and pay disparity. Women, particularly women of color, may face more challenges in reaching leadership roles due to these ingrained prejudices.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How can you help fight implicit biases people have toward women in the workplace?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">You can help fight implicit biases by promoting diversity training, raising awareness about unconscious prejudices, and creating policies that ensure fair treatment based on merit, not stereotypes. Encouraging open dialogue can also help to reduce these biases.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How can companies benefit from having women in leadership roles?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Companies with women in leadership roles benefit from more perspectives, better team performance, and improved decision-making. Research shows that gender-diverse leadership teams foster innovation and see better business successes.<\/p>\r\n                <\/div><\/div><\/section>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Despite gains at the top of the tech ladder,\u00a0 women in the workplace remain underrepresented in C-suite-level roles. According to the Women in the Workplace Report 2024 from LeanIn.Org and McKinsey &amp; Company, over the past four years, there has been notable progress, with the number of women in the tech C-suite increasing by 38% [&hellip;]<\/p>\n","protected":false},"author":286589,"featured_media":247743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[607],"tags":[],"category_partsoff":[],"class_list":["post-247692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-paths"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Women in the Workplace 2024: C-Suite Glass Ceiling Persists<\/title>\n<meta name=\"description\" content=\"Explore the progress 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