Hungary has been placed third in the 2018 “Glass Ceiling Index”, which surveyed the percentage share of female management in 41 OECD and EU member countries’.
The index, which is part of a larger study conducted by leading U.K.-based technology career and research platform Honeypot, measured the percentage of females holding senior, legislative and management positions.
According to the survey, some 40.5% of Hungary’s senior and managerial roles belong to women, meaning only Latvia and the United States finished ahead with 44.4% and 43.5%, respectively, of senior/managerial positions occupied by women.
The lowest rates of female managers in the 41 countries were found in South Korea, Japan and Turkey, with 10.7%, 11.5%, and 13%, respectively.
“Gender parity in the workplace is not just an ethical or moral issue, but also an economic one: McKinsey found that USD 12 trillion could be added to global GDP by 2025 by advancing women’s equality. As tech recruitment specialists, we are often confronted with the gender imbalances of the industry, which are fully exposed in this study,” Emma Tracey, co-founder at Honeypot, points out.
The larger study carried out by Honeypot, the 2018 “Women in Tech Index”, compares gender pay gaps in both the workforce and the tech industry in EU and OECD member nations. Honeypot says the index “analyses 22 factors including wage, pay gap and inequality data to determine the best nations for women in the technology field”, using data from the World Economic Forum.
The tech platform released a statement on April 12 explaining that the “lack of women in senior roles [has] been highlighted as a major aspect of gender disparity in the workplace, [and] Honeypot wanted to enrich the debate by releasing this data”.
Hungary’s high rank in female management is somewhat of a surprise, though. Data from the same study has Hungary tied for last place for both rates of women in parliament and rates of women in ministerial positions. For the former, Hungary is tied with Japan at 9.9%, and for the latter it is tied with Slovakia at 0%.
However, surprises could be found elsewhere as well, with Honeypot explaining that “with between 25-30% of female managers, The Netherlands, Germany and Austria all appear within the bottom 15 for women in managerial positions, despite offering some of the highest average wages for women”.
Further regarding the discrepancies in low wage gaps and high percentages of women in the managerial workforce, the Glass Ceiling Index does not include the gender wage gap among management positions.
However, in a 2017 report, Eurostat reported a 33.7% wage disparity between male and female managers in Hungary, the largest gender pay gap in the EU at the time. Honeypot’s study puts Hungary’s 2018 gender pay gap for the entire workforce at 11.76% (ranking the country 28th out of 41). Including the managerial pay gap in the index would seemingly be more constructive in analyzing workforce gender equality, or lack thereof.
“The World Economic Forum reported in 2017 that economic gender equality will not be reached for another 170 years, but that equality for women in the labor force would add USD 28 tln to the global economy by 2025,” Tracey says, emphasizing the exigency for female equality in the workplace.