Facts and figures: Gender differences in business
– In management, women tend to be less hierarchical and take more time when making decisions because they seek more information and input from others, according to the National Women’s Business Council.
– On average, workforces of women-owned firms employ 52 percent women and 48 percent men, as compared to men-owned businesses, which employ 38 percent women and 62 percent men. The number of women-owned businesses continues to grow at twice the rate of all United States firms; one in 18 women in the U.S. is a business owner, according to the National Women’s Business Council.
– More than 90 percent of 400 women surveyed by professor Mary Shapiro of the Simmons School of Management in Boston have used flexible work arrangements to balance work and family. They used telecommuting, flexible hours and a limitation on traveling or evening work. Shapiro said, “Women are leading the way in how all employees in the future will take more control over managing their careers. They are shifting the career paradigm.”
– According to Shapiro’s study, more than 85 percent of the women earned at least half of their household incomes.
– Between 1999 and 2005, the wage gap between women and men increased in 15 states, ranging from a 0.2 percent increase in North Dakota to 8.1 percent in Idaho.
Twenty of the states narrowed the gap more than the national average, which narrowed from 27.3 percent to 23 percent. At the current rate of progress, equal pay will take another 50 years, according to Heidi Hartmann, president and economist at the Institute for Women’s Policy Research in Washington D.C. Nationally, women who work full time have a median annual earning of $31,800, which is 77 percent of men’s annual earnings of $41,300.
– The proportion of women in managerial and professional occupations is increasing, at 35.5 percent, the institute reports. It also reports an increase in women’s educational attainment.
– Colorado ranked eighth in the nation for best economic conditions for women, according to the institute.
– Summit County has the highest number of women working per capita in the mountain region. In 2000, 80 percent of women were part of the workforce, according to Northwest Colorado Council of Governments.