According to analysts from Grant Thornton business roles held by women declined in Armenia

On International Women’s Day, a new report based on the annual Grant Thornton survey on enrolment of women in businesses reveals a decline of women in senior management positions. According to the survey, women occupy 26% of management roles in Armenia and this result was worse than the result in 2015 (29%).

Gagik Gyulbudaghyan, Managing Partner of Grant Thornton Armenia thinks that it’s high time to improve the number of women in management position.

“It’s been a while since companies across developed nations have talked about the importance of diversity in leadership”.

According to him, businesses with diverse workforces can outperform their more homogenous peers and are better positioned to adapt to a rapidly changing global business environment.

“I hereby think that it’s time to take practical steps in this direction”

The report was based on survey conducted in 5 520 companies of 36 countries according to which, senior roles occupied by women have upstroke by 22%.

However, there are countries where the indicators are low. For example, the G7 is among the worst performing regions, with just 22% of senior roles occupied by women and 39% of companies with no women in senior roles. Two of the poorest performing individual countries are Japan, with just 7% senior roles held by women, and Germany, with 15%.

Meanwhile Eastern Europe and ASEAN report the highest proportions of women in leadership at 35% and 34% respectively. Russia tops the list of individual countries with 45% of senior roles held by women, followed by the Philippines at 39%, where only 9% businesses have no women in senior management.