Women in line roles in corporate Australia are progressing more slowly than men towards leadership. The Bain-CEW report, based on a survey of nearly 4,500 respondents from the Australian business, government and not-for-profit communities, found that almost 60 per cent of men were promoted twice or more in the past five years compared with only 41 per cent of women. This gap in promotion rates only increases with seniority.
Narrowing the gap in promotion rates demands that our Australian organisations be meritocratic, yet the survey data highlights that there is significant room for improvement. Less than half of the female respondents (45%) felt that their organisation is meritocratic, with men slightly more positive at 61%.
This is the sixth in a series of landmark gender parity surveys by global management consulting firm Bain & Company and Chief Executive Women.