It’s a tough climb to the c-suite — especially for women. Women make up only 4.6% of CEOs in S&P 500 companies, according to 2015 numbers from advocacy group Catalyst. Women accounted for only 3.3% of CEOs in the top 100 companies in Silicon Valley in 2014, according to numbers from Fenwick. It’s not as though these companies have a small pool of women to choose from. In fact, women make up 45% of the labor force in S&P 500 companies. But that percentage dwindles on each step of the corporate ladder, meaning that there are fewer female candidates in the pipeline when it comes time to name a new manager, board member, or executive. And that’s ultimately bad business for companies.
One Massachusetts Institute of Technology study found that an even gender split increased a company’s revenue by 41%, and a Catalyst study found that companies with more women on their boards performed better when it came to sales, equity, and invested capital. In short: more women at the top can lead to better business. READ MORE: 5 ways women can help women succeed in the workplace | Mashable