Women's Empowerment Corporate Industry

Brisia Rivera Cultural Immersion April 27, 2020

Introduction:

I am merging my Global and Cultural Studies major with the The Latina Love Movement internship both my research and resources will exemplify and discuss woman’s empowerment in the business corporate cultural atmosphere. (topic)In a world of gender imbalance women in business is a form of empowerment.

Body:

As countries all over the world continue to participate in the global market, the Latina Love Movement has shed light on:

Job Segregation

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Women Absent on Corporation Boards

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Women Under Represented in Business Education • •

Conclusion: • Organizations are more successful as they leverage innovation and multiple viewpoints,

and are more reflective of their actual customers

• Effective ways to change minds and provoke action. That’s why pairing up women with strong female role models is one of the many ways to empower your employees to succeed in both your company and their industries.

• Women are to be respected for who they are, their unique perspective, skills, dedication, and strong work ethic.

How does this relate to Woman’s empowerment? 1. JOB SEGREGATION 2. WOMEN ABSENT ON CORPORATE BOARDS 3. WOMEN UNDERREPRESENTED IN BUSSINESS EDUCATION What culture are you being immersed in? BUSSINESS ARENA 1. Culture of Diversity, 2. Culture on inclusion, and 3. Culture of fairness

Topic: A professional setting to discuss your business’s stance on women’s equality in the workplace

Note: Incorporate Women’s Empowerment though business with statical sociological data. Highlight the Economic benefits of women in the work force in the U.S. and compare it to countries where women are academically and professionally limited lunch as middle Eastern countries any country with limited female rights

Provide an overview of the Hindu religion with an emphasis on the chakras and reflect on how the full synchronization of the mind body and soul are vital to your proffessional pdevelopment progress and development.

JOB SEGREGATION WOMEN ABSENT ON CORPORATE BOARDS WOMEN UNDERREPRESENTED IN BUSSINESS EDUCATION With 7 out of 10 women age 25 to 54 in the labor force today, women make up nearly half of all paid workers. Women now comprise 45.4% of employed workers, compared to 38% in 1970. Roughly two-thirds of all new entrants in the workforce from now through the year 1100 will be women, and the labor force participation rates of women will reach over 80% by 1995. Yet, women continue to be highly segregated in the workforce. Ninety-nine percent of secretaries are women, as are 93% of bookkeepers, 93% of nurses, and 82% of administrative/clerical support workers. Women are the majority of textile workers (91%) and housekeepers (82%). Job segregation translates into lower earnings for women. Full-time employed women still earn considerably less than men. The average man with a high school education working full- time earns more than the average woman fulltime worker with a college degree, and the situation is even worse for African-American, Asian-American, and Latina women.

Although women comprise 40% of all executive, management, and administrative positions (up from 24% in 1976), they remain confined mostly to the middle and lower ranks, and the senior levels of management are almost exclusively male domains. A 1990 study of the top Fortune 500 companies by Mary Ann Von Glinow of the University of Southern California, showed that women were only 2.6% of corporate officers (the vice presidential level up). Of the Fortune Service 500, only 4.3% of corporate officers were women -- even though women are 61% of all service workers. More shocking is that these numbers have shown very little improvement in the 25 years that these statistics have been tracked (University of Michigan, Korn/Ferry International). This means that at the current rate of increase, it will be 475 years - or not until the year 2466 before women reach equality with men in the executive suite. Women Absent on Corporate Boards The story is not much better on corporate boards:only 4.5% of the Fortune 500 industrial directorships are held by women. On Fortune Service 500 companies, 5.6% of corporate directors are women. The rate of increase is so slow that parity with men on corporate board will not be achieved until the year 2116 - or for 125 years. Recently published studies purport to show that women are making significant gains on corporate boards: a 1988 Korn/Ferry survey reported that 52.8% of major U.S. corporations had women board members, up from the 42.9% in 1986. But only 25% of the Fortune 1000 companies in 1986 had more than one woman on their board, according to the Wall Street Journal. In fact, there is such a huge overlap among women sitting on corporate boards, that just 39 directors account for 33% of the 652 Fortune 1000 directorships held by women.

In 1980, only one woman held the rank of CEO of a Fortune 500* company. She came into the top management by inheriting the company from her father and husband. In 1985, this executive was joined by a second woman who reached the top - by founding the company she headed. Today, there is again only one woman at the top of a Fortune 500 company. For African-American, Asian-American and Latina women, the situation at the top is even worse. A 1986 survey by the Equal Employment Opportunity Commission (as reported in Morrison and Von Glinow) showed that between 1974 and 1984, the percentage of African-American women executives grew at a snail's pace of 0.7% of the total, to 1.7%. By comparison, African-American and Latina women constitute about 7% of the total workforce. The pay gap exists even at the executive level: a May 1987 report by Nation's Business showed that "women at the vice-presidential levels and above earn 42% less than their male peers." According to a 1984 Wall Street Journal/Gallup poll, 70% of executive women believe they are "paid less than men of equal ability." Women Under-Represented in Business Education Women have done somewhat better in gaining access to a business education: in 1970, women comprised 3.5% of all MBA graduates; whereas in 1989, 33.6% of the MBA graduates were women. Women received 46.7% of all bachelors degrees in business yet only 26.6% of the doctorates. At the most prestigious business graduate schools - Harvard, Columbia, Mihigan, M.I.T. - women make up a smaller percentage of the student body. Despite the changes in the student body, the faculty and administration of business schools remain predominantly white and male, not unlike corporate management where women are grossly under-represented. Women account for only 4% of business school deans and there are no women presidents.

*Note: The Fortune 500 represents the largest industrial corporations. The Fortune Service 500 is separate listing including only the service industries such as retailing, banking, insurance, and finance.