In recent decades, women have made enormous progress in the world of work and academia. However, the glass ceiling remains pretty intact in the 21st century. While women tend to dominate in medical and biological sciences in the U.S., they are still enormously underrepresented in the field of Engineering, Environmental Science and Computers and Mathematics, for example. The female presence is also notably minimal in political and management roles across the board.
According to study this month - on March 3rd, 2014 - women only hold 4.6% of Fortune 500 CEO positions and Fortune 1000 CEO positions. In addition, only 16.9% of board seats are held by women and just 14.6% of executive officers are female. These percentages, while higher than they may have been only a few years ago, are still indisputably low. Many barriers to equality still remain. According to a 2013 study, more than 50% of countries did not have laws prohibiting gender discrimination during hiring. A startling 89% did not have laws prohibiting potential employers from asking about family status during a job interview.
And yet, there is hope for more organizational equality for women all over the globe. Catalyst.org, an organization devoted to “changing workplaces” and providing up-to-date and important information regarding the business world, explains a concept called “The Ripple Effect” and why it's beneficial for women. As fertility rates continue to decline and the global population is increasingly aging, the talent pool shrinks and creates more opportunities for women to participate in the labor force. According to the Ripple Effect theory, the economic empowerment of women can help improve the country’s growth and stability, enlarge labor forces, and contribute to economic prosperity. According to Catalyst, increasing the levels of female employment could help raise the GDP of the United States by 5%, not to mention raise it as much as 27% in India, or 12% in the United Arab Emirates. Improving women’s global standing is also correlated with higher literacy rates, greater education access, and lower infant mortality in countries around the world. It appears, then, that empowering women is not only a key component for the cause of feminism, but can also benefit societies at large.
While there is more work to be done, one thing is certain; with the help of ambitious, driven women and forward-thinking individuals around the world, conditions can improve for women in the professional realm. The kind of women on this list are the ones who are forging a path for females the world over; the following are just ten rapidly growing, up and coming companies which are led by women.
10 24 Seven Inc. - Celeste Gudas
9 ACC Construction Corp. - Michelle Medaglia
8 Atrium Staffing - Rebecca Cenni
7 Big Apple Car Inc. - Diana Clemente
6 D'Artagnan Inc - Ariane Daguin
5 Ergonomic Group Inc (EGI) - Kim Girards
4 Henegan Construction Co. - Maureen A. Henegan.
3 Hired By Matrix Inc - Sharon Olzerowicz
2 ICP Inc. - Michelle Fabozzi
1 INSYS Group Inc.
INSYS Group works to provide its clients with business assistance in aiding them with reducing costs, increasing business agility, and finding specialized resources. The corporation has a specific expertise in information technology, clinical research, and accounting. At the top of the management hierarchy is founder and CEO Linda Magnusson-Rosario. She is an accomplished IT services executive with over 30 years of experience supporting Fortune 100 organizations. Magnusson-Rosario holds a BA in Fine Arts and Art Education from the Pratt Institute and, in a cool twist, is a member of an adult synchronized skating team that competed nationally from 2000-2011. She is also a member of the Women Presidents Organization and Women Impacting Public Policy.
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