Women produce results, survey shows
Recognising the credentials of female employees was not only a matter of social justice but also made good business and investment sense, a recent study from Thomson Reuters Research has found.
Its report, 'Women in the Workplace', studied more than 2,600 large and mid-cap publicly traded corporations globally, and found that companies with a higher proportion of female managers tended to perform better in times of market turmoil.
Last year, companies listed on the Stoxx Europe 600 with more than 30 female managers or board members outperformed their peers during the second half when the market became more volatile.
Similar results in the benchmark indices could be detected.
Healthcare, cyclical consumer goods and services, and financial industries were most willing to offer women managerial positions.
For example, in 2005, women made up 28 per cent of managers in the financial services sector, but the rate rose to 33 per cent in 2010.
Regionally, European companies were more open about hiring women as middle management staff than US companies, the study found.
Hong Kong and China were comparatively opaque about how many women they employed.
In 2005, none of the 31 locally based companies disclosed the number of women in management. In 2010, five of the companies made the disclosure. Among them, 27 per cent of managers were female on average, although women made up 41 of the workforce.
The percentage of women managers in the financial sector in 2010, an increase of 5 per cent on the figure in 2005, the survey showed