Second Global Network survey: challenges remain for women in global business
ESMT Berlin participated in a global study conducted by the Global Network for Advanced Management. More than 5,000 students and alumni at 28 top business schools completed the survey, which focuses on the challenges facing women in global business. The results show that women are still underrepresented in business leadership roles worldwide, which can be traced back to specific reasons including the reconciliation of work and family life and the opportunity to work remotely. This second Global Network survey pinpoints four main trends for inequality in the workplace, specifically:
1) Time is money: Productivity at the job is viewed more important than availability at the office.
2) Workplaces favor assertive women (and men): A preference for assertive personalities exists but varies significantly across countries.
3) Who is responsible for childcare? Respondents expect that women take on more childcare responsibilities.
4) Working remotely extends the workday: Working remotely during regular business hours is viewed negatively, while working remotely outside them is a plus. Rather than create more flexibility, technology may be extending the hours people are expected to work.
To counter challenges for women, the survey suggests that companies should reward productivity rather than work hours, support diversity, encourage fathers to take on more childcare responsibilities, and use the ability to work remotely to allow for workplace flexibility. In doing so, businesses are able to develop a culture that supports women in the workplace and encourages a healthy work-life balance for all employees.
Reconciliation of work and family life is still a key career factor for women in Germany, as indicated by a recent OECD study that revealed that raising children is primarily considered a woman’s responsibility while men are the main breadwinners. Another important factor is the impact of digital transformation in the workplace. Digitalization boosts flexibility and opens up opportunities to establish companies. Alternative work models and being able to work remotely seem to improve women’s career prospects. However, flexible working hours are not always implemented by companies, a concern recently taken on by the Federal Ministry for Family Affairs, Senior Citizens, Women and Youth in its guideline for family-friendly working hours.
The release of the Global Network survey marks International Women’s Day on March 8. For a full copy of the report, please visit http://advancedmanagement.net/about/women-global-workforce.
About ESMT Berlin
ESMT Berlin was founded by 25 leading global companies and institutions. The international business school offers a full-time MBA, an executive MBA, a master’s in management, as well as open enrollment and customized executive education programs. ESMT focuses on three main topics: leadership and social responsibility, European competitiveness, and the management of technology. ESMT faculty publishes in top academic journals. Additionally, the business school provides an interdisciplinary platform for discourse between politics, business, and academia. The business school is based in Berlin, Germany, with Schloss Gracht as an additional location near Cologne. ESMT is a private business school with the right to grant PhDs and is accredited by the German state, AACSB, AMBA, EQUIS, and FIBAA. www.esmt.org