Women make up about half of the labor force in the United States and Canada but are less represented in leadership positions. According to a 2024 report from McKinsey, women hold 37 percent of senior management positions and 29 percent of C-suite positions in the US. Around the globe, women fill 32 percent of leadership roles, according to the World Economic Forum, and 23 percent of corporate board positions, per data from Deloitte.

In response to this persistent underrepresentation, some companies have implemented diversity incentives that financially reward managers and executives who help female employees rise up the ranks. For example, both McDonald’s and American Express in 2021 tied 15 percent annual executive bonuses to increasing women’s representation in senior leadership roles.

Read more at: https://www.chicagobooth.edu/review/want-women-leaders-money-talks