Traditionally, healthcare was a significant employer of women. Even today, more than 75 percent of the workforce in most hospital settings is female, dramatically outstripping the participation of men. The majority of female workers in the industry are either nurses or janitorial, but the number of physicians is growing strongly.
But there’s a problem: the number of women in the highest echelons of the medical profession is low. CEO and senior management positions are held overwhelmingly by men.
So what’s going on here?
Well, first, it’s worth pointing out that women appear to be attracted to the medical profession because it is a “caring industry” and plays to female strengths. Many women find it highly natural to assist patients in recovering from illness. Fewer women, however, appear to be striving for the top jobs.
The reasons for the lack of female participation at the top levels of the healthcare system remain hard to identify. The benefits, however, are considerable. Research from the University of California, for instance, has found that the companies with the highest percentage of women on the board have a 74 percent greater return on investment than those with the lowest. Professional services firm McKinsey also estimates that advancing women’s quality across the world could increase global growth by $12 trillion, or two-thirds of the total value of the US economy.
Women in leadership is a pressing issue of our times. Take a look at the following infographic to find out more about the evidence for including more women in senior positions in the industry.
Infographic by Bradley University