HRO Today September 2016 - 8
Upside
NEWS FROM THE WORLD OF WORK
Females in the C-Suite
Although women have made huge strides in the workplace
over the past several decades, Korn Ferry's recent analysis
of the percentage of women in the C-suite at top U.S.
companies paints a less-than-optimistic look at executive
women advancements.
The new analysis of the top 1,000 U.S. companies by
revenue finds the percentage of women in most C-suite
positions is dramatically lower than the number of males.
It found that across the most prominent C-suite titles (CEO,
CFO, CIO, CMO, CHRO) and several industries (consumer,
energy, financial, life sciences, industrial, technology), on
average, 24 percent of the top leaders are women.
The survey findings also reveal:
* Across all of the C-suite positions, the most senior post is
held by the smallest percentage of women, with only 5
percent serving as CEO. This percentage remains flat from
2015.
* The highest percentage of female CEOs are in the
consumer industry (9 percent), followed by energy (6
percent), financial and technology (both 5 percent),
industrial (4 percent), and life sciences (less than 1
percent).
* Just 12 percent of CFOs across industries are women.
The industry with the most is consumer at 15 percent.
Those industries tied for having the least female CFOs are
financial and life sciences at 9 percent.
* The CIO role fares only a bit better than the CFO role,
with 19 percent of women holding this seat across all
industries.
* Less than a third (29 percent) of CMOs are women.
* The CHRO role is the only C-suite role where there is
gender parity, with 55 percent of CHROs across industries
being women.
* When considering the percentage of C-suite women by
industry, the financial sector comes in the highest, at 28
percent, followed by technology (25 percent), energy (24
percent) consumer and life sciences (tied at 23 percent),
and industrial (22 percent).
[8]
HRO TODAY MAGAZINE | SEPTEMBER 2016
A Study on Work and Retirement
Most Americans are living paycheck to paycheck and aren't
in a position to save for retirement, but for those who can,
these savings may be more important than they realize. A
new survey from Ramsey Solutions found that workers who
list their employer as the first or second source of retirement
education have more money saved for retirement than
those who list parents or family members as their top source.
Here are some additional survey findings about retirement:
* Sixty percent of American workers currently contribute
to a 401(k) and expect it to be their primary source of
retirement income upon retirement, but 40 percent say
their employers do not provide any type of retirement or
financial education.
* Seven out of 10 workers with zero retirement savings
don't have access to employer-provided retirement
education.
* Employers who don't provide access to retirement
education have employees who report higher levels of
anxiety and fear about retirement.
Salary Forecast
There's some good news on the horizon for U.S. workers.
For the sixth year in a row, employees can expect to see
a moderate, 3 percent median base salary increase in
2017, according to new research released by the Hay
Group division of Korn Ferry. This forecast is consistent
with actual pay increases of 3 percent reported by the
surveyed companies in 2016. The estimate has remained
nearly constant since the end of the recession. It also reflect
employers' consistent conservative attitude toward base
salary increases.
There is also consistency across most industries and employee
groups in regard to median pay increases. All employee
groups-from clerical to executive-indicate about a 3
percent median increase, but this number doesn't necessarily
mean that all employees should expect to receive this
increase. Organizations at the 90th percentile consistently
indicated expectations for a 3.5 percent increase budget
across all employee groups, while the tenth percentile is
showing 2 percent across all groups.
HRO Today September 2016
Table of Contents for the Digital Edition of HRO Today September 2016
HRO Today September 2016 - 1
HRO Today September 2016 - 2
HRO Today September 2016 - 3
HRO Today September 2016 - 4
HRO Today September 2016 - 5
HRO Today September 2016 - 6
HRO Today September 2016 - 7
HRO Today September 2016 - 8
HRO Today September 2016 - 9
HRO Today September 2016 - 10
HRO Today September 2016 - 11
HRO Today September 2016 - 12
HRO Today September 2016 - 13
HRO Today September 2016 - 14
HRO Today September 2016 - 15
HRO Today September 2016 - 16
HRO Today September 2016 - 17
HRO Today September 2016 - 18
HRO Today September 2016 - 19
HRO Today September 2016 - 20
HRO Today September 2016 - 21
HRO Today September 2016 - 22
HRO Today September 2016 - 23
HRO Today September 2016 - 24
HRO Today September 2016 - 25
HRO Today September 2016 - 26
HRO Today September 2016 - 27
HRO Today September 2016 - 28
HRO Today September 2016 - 29
HRO Today September 2016 - 30
HRO Today September 2016 - 31
HRO Today September 2016 - 32
HRO Today September 2016 - 33
HRO Today September 2016 - 34
HRO Today September 2016 - 35
HRO Today September 2016 - 36
HRO Today September 2016 - 37
HRO Today September 2016 - 38
HRO Today September 2016 - 39
HRO Today September 2016 - 40
HRO Today September 2016 - 41
HRO Today September 2016 - 42
HRO Today September 2016 - 43
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