Society of Professional Women a program of the Main Line Chamber of Commerce

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A Program of The Main Line Chamber of Commerce

 
 



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Fast Facts

At no other time in history have four distinct generations, traditionalists, baby boomers, generation X and millennials, co-existed in the U.S. labor force. SPW believes that no matter what generation we are, we can learn from each other.

  • 5.5% of commercial patents are held by women
  • Women are 25% of the tech industry
  • Fewer than 5% of startups are owned by women
  • Only 3-5% of all women-owned businesses receive venture capital
  • Male-owned businesses receive 95% of venture capital money awarded
  • 40% of large companies have no women on their boards and only 5% of startups are owned by women
  • Companies with more equalized gender distribution have 30% higher stock market launch
  • Women now make up 1/3 of all MBA candidates
  • 11% of women are more satisfied in the workplace now than last year
  • 77% of women think their career has been a success
  • 58% of women prefer a better work-life balance to a bigger paycheck (over money, recognition, advancement and making a difference)
  • 41% of women say that perfect hair, great clothes and staying thin are even more important than doing well at their jobs
  • The top 3 factors women use in determining a happy work environment are work-life balance, positive workplace relationships and job stability
  • 56% of men have roles with more critical responsibility for profit and loss compared to 46% of women, 77% of men have management of direct reports compared to 70% of women, and 30% of women control budgets over $10 million compared to 22% of women
  • More men than women got "hot jobs" after being in formal leadership development programs, and more men were promoted within a year of program completion than women (51% of men vs. 37% of women)
  • Of the 32,280,000 dual-career couples, wives earned more than their husbands 28.9% of the time, up from 17.8% of the 29,755,000 dual-career couples in 1987
  • 16.6% of the Fortune 500 Board Seats are held by Women
  • 14.3% of the Executive Officers in the Fortune 500 are Women
  • Men have recovered 39% of jobs lost during the recent recession and women have only recovered 24% of jobs lost
  • For every 10 jobs that women have gained in the private sector, they have lost more than four public sector jobs, compared to a ratio of 10:1 for men
  • The largest concentration of female professionals is among registered nurses and non-college teachers, while the largest concentration of male professionals is in engineering and computer-related occupations.
  • Women business owners employ 35% more people than all the fortune 500 companies combined.
  • In 2010, 72 million, or 58% of the 123 million women age 16 years and over in the U.S., were labor force participants—working or looking for work.
  • In January 2012, women comprised 35.4% of all management positions and 22.9% of all senior management positions.
  • In 2011, women were 31.9% of all lawyers.
  • In the U.S., women make or influence 80% of consumer spending decisions.
  • There are currently 14 countries with women sitting as the head of government.
  • Women now earn 68% more bachelor's degrees than men.
  • Despite the fact women earn less than men and have less saved, baby boomers and older women give 89 percent more of their income to charity than men.
  • Women business owners employ 35% more people than all the Fortune 500 companies combined. A total of 7.7 million people are employed by women-owned businesses in the US, which is a 9% increase over the past 15 years.
  • Women make or influence 85% of all purchasing decisions, and purchase over 50% of traditional male products, including automobiles, home improvement products and consumer electronics.
  • Shares of companies with a market capitalization of more than $10 billion and with women board members outperformed comparable businesses with all-male boards by 26 percent worldwide over a six year period.
  • Small businesses in their first year have a failure rate of 85 percent. By year four, their failure rate is 55 percent.
  • 57.1 percent of small businesses have annual revenues of less than $25,000.
  • The #1 reason for small business failure is lack of experience. The #2 reason is insufficient capital.
  • Small business owners who complete a business plan are twice as likely to grow their business or secure capital. Small business failure rates increased 40 percent from 2007 to 2010.
  • The number of jobs created by start-up small businesses has decreased by over 2 million from 2000 to 2010.
  • 73 percent of people reported cutting back on spending at entertainment, recreation or restaurants during bad economic times.
  • 30 percent of all restaurants fail within their first year.
  • In the past 15 years, there has been a 54% growth in the number of women-owned businesses
  • Non self-employed women make about 77% of what their male counterparts make in income
  • It is projected that female-owned small business will create 1/3 of the new jobs by 2018 (15.3 million)
  • In 2009-2010 almost 60% of B.S. and Master's degrees were earned by women
  • Only 5% of tech start-ups are owned by women
  • Studies show that companies with gender diversity at the top drive 36% better stock price growth
  • 3.8% of women in their 20s hold master's degrees whereas 2.1% of men in their 20s hold master's degrees
  • There are only 18 women on the Fortune 1000 CEO list
  • 60 percent of Millennials (under 30-years-old) have already switched careers at least one time
  • Female small-owned businesses will create one third of the 15.3 million new jobs by 2018
  • 86% of women entrepreneurs say they use the same products and services at home as they do in their business, and 68% do so consciously
  • Only 10% of all venture capitalists are women
  • Women-operated, venture-backed companies have 12% higher revenues
  • 66% of women aged 18-35 list having a “successful career” as one of their highest priorities
  • Philadelphia ranks #9 on the top 10 largest metro areas for women-owned businesses list
  • PA is the 6th largest state for the number of women-owned businesses
  • 7.5% of Fortune 500 top earners are women
  • Women account for $7 trillion in consumer and business spending
  • Women account for 58 percent of all total online spending
  • U.S. women constitute the number three market in the world, with their collective buying power exceeding the economy of Japan
  • 80% of women would solidify their loyalty to brands that support women
  • Moms mention brands an average of 73 times per week compared with just 57 times per week among males
  • 91% of women say that advertisers don’t understand them
  • One billion women will join the workforce by 2020, making them the “third billion,” one of the largest emerging economic markets
  • In 2010, when 22,984 patents were granted to women, it was a 35 percent jump over the previous year.
  • Studies show companies with gender diversity at the top drive better financial performance on multiple measures, such as 36% better stock price growth and 46% better return on equity
  • Philadelphia was ranked the 14th best paying city for Women, with a mean salary of $51,355 (70% of the mean salary for men in Philadelphia), according to a 2010 census survey
  • 18% of the top leadership roles in the United States are held by Women
  • Only 44% of women say that they have asked for a raise
  • 72% of women say that they have ever asked for a promotion
  • Women, on average, ask for 30 percent less money than males
  • When women do get a raise, it is on average only 2% versus a man’s average raise of 21%
  • In 2010, women filled only 11 percent of board seats at the largest 100 public companies in Philadelphia
  • In 2010, women held 10.1 percent of senior executive positions at the largest 100 public companies in Philadelphia and comprised 9.6 percent of the “top earners”
  • More than 90% of the firms in the S&P 500 have female directors, but not a single company has a board where the majority of directors are female.
  • Globally, women control $20 trillion in annual consumer spending decisions. This number could hit $28 trillion in five years.
  • One in five firms with revenues of $1 million or more is woman-owned.
  • Women-owned firms (50% or more) account for 40% of all privately held firms
  • Women account for 51 percent of all workers in the high-paying management, professional, and related occupations.
  • The number of women-owned businesses continues to grow at twice the rate of all U.S. firms, and their economic influence is increasing at speeds exceeding the national average.
  • Nationwide, more than 10 million businesses are owned by women, employing more than 12 million people and generating almost $2 trillion in sales
  • Women invest 90% of income back into their community, while men invest only 30-40%
  • One in 11 women is an entrepreneur
  • Women represent 49.8% of the U.S. online population and account for 58% of dollars spent online.
  • Websites for women, by women, have undergone rapid growth in the past few years, nearly doubling since July '06 and rising 35% last year alone, reaching 84 million visitors in July
  • In 2009 there are 95.9 million men online and 103.2 million women online. Men are 48.2% of the overall Internet population (those who access the Internet at least once a month from any location). Projections show that by 2013, men will only make up 47.9% of Internet users
  • Women hold only 3% of clout positions in the mainstream media
  • Women now hold a nearly 3-to-2 majority in undergraduate and graduate education
  • Of the doctoral degrees awarded in the 2008-09 academic year, 28,962 went to women and 28,469 to men
  • 66 million women are employed in the U.S.; 74% of employed women work on full-time jobs, while 26% work on a part-time basis
  • Women comprise 46.8% of the total U.S. labor force and are projected to account for 46.9% of the labor force in 2018
  • 95% of family financial decisions are made by women
  • Women own more than 47% of the stocks
  • Women are more likely to seek business advice—69% women vs. 47% men
  • There are more than 8 million female-owned businesses in America today as compared to only 400,000 in 1972
  • Of the Fortune 500, 3% of the CEOs are women while 7% of CFOs are women
  • Women continue to earn the majority of bachelor's degrees, and are projected to earn in the majority of master's years
  • Of the 16,950 state court judges in the U.S., 26% (4,325) are women
  • Women make up nearly 1 out of every 2 law firm associates, but only 1 out of every 6 equity partners
  • 65% of women in senior management positions have children (they kept their job and are raising a family)
  • Median earnings of full-year female workers in 2007 were 71% of earnings of comparable men, compared with 52% in 1970
  • Women earn 76 cents for every dollar a man earns
  • Women hold 15% of all U.S. corporate board seats
  • Young women and mothers are the fastest growing demographics of entrepreneurs
  • Women are starting businesses at twice the rate of men
  • Within the last 40 years, 61% of the more than 70 million new jobs created in the U.S went to women
  • About 25% of businesses in each of Chester, Delaware, and Montgomery counties are owned by women
  • Companies with the highest representation of women on their Board of Directors also saw a 42% higher return on sales
  • At the current rate of progress, the gender pay gap will not be closed for another 50 years
  • 26% of PA businesses are women-owned
  • More than 60 of the largest 100 companies in the Philadelphia metropolitan area have no women in top executive positions

 

 


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