There is more focus than ever before on women in business and driving equality and diversity in the workplace. Women are still under-represented in the UK in terms of entrepreneurship and business. Diversity and inclusion in the workplace are among the most important topics facing HR and recruiting professionals. We have collated some of the latest women in business statistics for your viewing pleasure:
Up to £250 billion of new value could be added to the UK economy if women started and scaled new businesses at the same rate as UK men. org.uk
65% of female small business owners know another small business owner and 91% of those solicit advice from other female business owners. Great Business Schools
As of 2021, there are 41 female CEOs employed at Fortune 500 companies. This number actually translates to eight percent of women CEOs at the top of America’s 500 highest-grossing companies. The good news is that the number of female CEOs has risen for the third year in a row. com
Women were nearly five times more likely to mention family reasons for becoming self-employed than men. org.uk
The number of women on FTSE boards up by 50% in just 5 years More than a third (34.3%) of FTSE 350 board positions are now held by women. gov.uk
In 2020, 40% of human resources directors are women, compared to 17% of chief marketing officers and 16% of chief information officers. org
Women perform 2/3 of jobs in the world, for overall 10% of the earnings and own 1% of assets. net
Women-owned businesses statistics suggest that female entrepreneurs in Europe comprise a minority. Despite the fact that women make up 51% of the European population, not many decide to start their own businesses and become self-employed. In fact, only 39.4% of the self-employed and 30% of startup entrepreneurs in Europe are women. com
There are 5.5m SMEs (small to medium-sized enterprises) operating in the UK today, with only 20% led by women – that’s 1.14m in total. com
Over the past two decades, the number of women entrepreneurs has increased by 114%. Great Business Schools
Research carried out by McKinsey & Co has shown that companies with the greatest gender diversity on their executive teams are 21% more likely to outperform peers on profitability and 27% more likely to create superior value. service.gov.uk
Women routinely receive fewer and smaller bank loans for their businesses – and they tend to be charged more. In aggregate, just 9% of U.K. start-up funding goes to women-run businesses. com
There are now 0 all-male boards in the FTSE 100, down from 21 in 2011. In fact, 46 companies have now reached 30% representation of women in the boardroom. com
[Due to Covid-19] One third of female entrepreneurs feel that increased care demands have reduced their ability to focus their attention on their businesses, hurting their ability to generate income. org
The Department of Labor reports that 865,000 women across many industries have left the workforce [due to Covid-19] between August [2020] and September [2020] compared with 216,000 men. The Guardian
The average age of female entrepreneurs is 42. net
Executive teams that are highly gender-diverse are found to be 21 percent more likely to outperform on profitability. Built In
Millennial women are 22% more likely to start a new business than baby boomers. com
For every female boss in the FTSE 350 there are more than 18 men. business-live.co.uk
The number of women-owned businesses has increased by almost 3,000% in the period 1972–2018. net
A diverse workforce is a priority for 67% of job seekers when deciding where to work. Zippia
Have we missed any women in business statistics? Share them with us today!
Written by Eve Hellowell