For an industry built on selling products to women, beauty companies have a shockingly low percentage of women in high-level roles. While this comes a shock to those outside the industry, it is a reality for women on the inside of the beauty industry.
According to LedBetter, a database that consolidates leadership data by gender, only 31% of L’Oréal’s executive leaders are women, while just six of Estée Lauder’s 21 top executives are women (two of whom are members of the Lauder family).
Beauty industry, surely we can do better.
A study conducted by Jack Zenger and Joseph Folkman for Harvard Business Review surveyed 7,280 business leaders and found that the majority (64%) were men, yet noted that “At every level, more women were rated by their peers, their bosses, their direct reports, and their other associates as better overall leaders than their male counterparts … Specifically, at all levels, women are rated higher in fully 12 of the 16 competencies that go into outstanding leadership. And two of the traits where women outscored men to the highest degree—taking initiative and driving for results—have long been thought of as particularly male strengths.”
Read the full article in Refinery29.
Photo: Katherine Hanlon via Unsplash