The report warns that at the current pace, gender balance in leadership won’t be reached until 2051
New research shows that more than one in seven Irish businesses (16.3%) have no women in senior management.
This marks an increase from last year’s 11.7%, according to Grant Thornton’s ‘Women in Business Report’.
However, it still places Ireland among the worst performers in a global survey of 31 countries.
While women now hold 36.5% of senior management roles – slightly above global (34%) and European (34.9%) averages – the report warns that at the current pace, gender balance in leadership won’t be reached until 2051.
Women are most likely to hold roles like Chief Human Resources Officer (48.8%) and Chief Financial Officer (43.8%), according to the report, but far less likely to be CEOs (6.2%) or Chairpersons (2.5%).
Grant Thornton’s Head of Consulting, Amanda Ward, says while progress has been made, businesses need to do more.
“I would urge business leaders to set bold targets for senior female representation and to support women throughout their career journeys,” she said.
“Retaining and developing talent is crucial.
“Targets for mentoring, networking, and retention targets are particularly effective at driving diversity, yet are among the least implemented strategies by businesses.”
Companies that prioritise gender equality also report better workplace culture and inclusivity.
Over a third of businesses think they’ll hit their diversity targets within three years, while nearly 40% say they already have.
But for true equality, clearly faster action and the development of upcoming female talent is crucial.
