'If you’re in a better position to bond with men, and done that your whole life, that’s a career advantage.”
It’s old news that the “old boys’ club” can help some men climb the corporate ladder — just ask the many women who have struggled to break the glass ceiling.More than one-third of the pay gap between men and women — at least at one unidentified Asian bank — is due to the informal male-to-male face time that happens during activities like talking about sports or sharing a smoke break, according to Harvard University and University of California, Los Angeles researchers.
More women than before are being hired for director-level jobs and higher, and women in senior-level roles are generally being promoted at higher rates than their male counterparts, it found. Despite this mostly upward trend at the top — representation of women in the C-suite dipped one percentage point between 2018 and 2019 — women are still “significantly under-represented” at all levels, the study found, making up only one in five executives in the C-suite.
Researchers discounted the idea that male managers produced better results from their male workers because there was no noticeable difference in sales revenue or hours worked when men worked for men. A survey this year from the consulting firm McKinsey & Company and LeanIn.org also found steep drop-offs for American banking companies, with women making up half of entry-level staff and 27% of the C-suite.The new study underscored the power of real-life face time, whether that’s through idle chitchat about sports or sharing a smoke break with the boss. In fact, male smokers who happened to have male smokers for a boss also had quicker promotion rates.
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