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Women lag behind men in pay and promotion

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US women saw little advancement in the workplace this year, extending a trend in which companies have lagged in promoting women, a study released on Monday shows.

It found that 136 of Fortune 500 companies, which include publicly and privately-held companies in America, had no women executives.

Ms Ilene Lang, president and chief executive officer of Catalyst, a nonprofit organisation that works globally to expand opportunities for women, said:  ‘This is our fifth report where the annual change in female leadership remained flat. If this trend line represented a patient’s pulse, she’d be dead.’

Multinational oil and gas corporation Exxon Mobil, conglomerate Berkshire Hathaway, and financial services company Citigroup are among those with no women executives.

The Catalyst Census shows that female executive officers held only 7.6 percent of the top earning positions in 2010, up from 6.3 percent the previous year.

The best companies in terms of women working at executive level were clothing giant Gap, taxation company H&R Block and financial services organisation TIAA-CREF.

Ms Lang said companies need to be convinced that diversity in leadership is important.

She said:  ‘To be successful, they have to have more points of view – people from all kinds of backgrounds – and have diversity in the senior leadership.’

More than one in 10 businesses lacked any women on their boards in 2009 and 2010.

You can read the full story in Today.

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