This is lower compared to ASEAN’s average of 39%.
Women only hold 30% of senior management roles in Singapore, whilst 78% of businesses said they now have at least one woman in the senior management level.
According to Grant Thornton International Ltd.’s annual Women in Business report, businesses are motivated to introduce gender equality policies to enhance company performance (84%), live up to organisational values (82%), and attract and keep employees (72%).
The top three common gender equality policies are paid parental leave (80%), equal pay for both men and women performing the same roles (76%), and non-discrimination policies for recruitment (74%).
However, the report revealed that introducing such policies are usually barred by the cost of implementation (26%), stereotypes about gender roles (26%), and complexity of translating good intentions into practice (24%).
As such, the report suggests that a wide culture inclusion from the top management is needed to further drive gender equality more than introducing policies.
“While it’s hugely positive that women are in senior roles at more businesses, it’s disappointing that they are being spread so thinly. This suggests businesses are concentrating on box-ticking at the expense of meaningful progress and means they will not gain from the benefits of true gender diversity. We need to move beyond policy and focus on the vital role leadership and culture can play in creating real progress in gender balance,” said Francesca Lagerberg, global leader for network capabilities and sponsor of women in leadership at Grant Thornton International Ltd, in a press release.
The Women in Business report polled 4,995 respondents including CEOs, managing directors, chairs, and other senior decision makers in 35 countries.
Meanwhile, another report from Accenture showed that female workers in Singapore have 55% chance to advance to manager roles or above.
Do you know more about this story? Contact us anonymously through this link.