Women in the C-Suite — The Number is Dropping

S&P Global tracks corporate employment. The 2023 S&P Global Total Market Index is out and it found the number of women in senior levels of U.S. companies is dropping.

Until 2023 it had been going up.

S&P’s report said women hold 11.8% of the around15,000 C-suite companies it tracks.  That’s down from 12.2% in 2022. The overall decline is somewhere between 55 and 60 positions that include the world “chief” in the job title.

Sarah Cottle heads up data and insights at S&P Global Market Intelligence. She said the 55 to 60 job losses seems like a small number but it really isn’t and she’s concerned.

The why Cottle said is because the research shows women have been on the rise in C-suite jobs since 2005. That year the figure was 6.5%. By 2023, the number of senior positions almost tripled and sat at 22.3%.

Now they’re down.

“Women’s interests are better served in the community by companies that employ women at the top,” S&P’s Cottle said. “I hope this is an anomaly.”

Source link: Insurance Journal — https://bit.ly/43ZIFgm