Grant Thornton’s Women in Business report 2023: The push for parity
Grant Thornton’s International Business Report (IBR) has been casting a light on the issue of gender diversity in senior management at mid-market businesses for 19 years, exposing barriers and identifying facilitators of change.
While progress on the overall number of women in senior leadership continues, this year’s research shows it is concerningly slow. On a global level, 32.4% of senior management positions in mid-market businesses are now held by women, an increase of just half a percentage point (pp) since 2022 and only 13pp since our research was first undertaken in 2004. At this rate just 34% of senior leadership positions will be held by women in 2025.
Our research suggests that mid-market businesses must push for parity, and quickly. Intentional action from businesses is needed to accelerate progress.