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Women who want to be CEO should take a look at this industry

There are still reasonably few women who're CEOs of companies in nearly all industries — with one main exception. Women CEOs are main the best way within the nonprofit world and, in some areas, they outnumber male CEOs. That’s consistent with a new study from GuideStar, a analysis firm that focuses on nonprofits.

• Women in 2015 made up 57% of the CEOs of nonprofits with an annual price range of not up to $250,000, up from 53% in 2005.

• They additionally made up 57% of the CEOs of nonprofits worth between $250,000 and $500,000 in 2015, up from 54% in 2005.

• However, men make up nearly all of nonprofit CEOs for firms worth $1 million or more. For the ones worth greater than $50 million, simply 22% of girls had been the CEOs in 2015.

Another area where issues haven’t modified: Female CEOs are paid not up to male CEOs of nonprofits. The median repayment for these women CEOs in 2015 used to be 7% not up to men’s for nonprofits with budgets of $250,000 or much less. And women who're nonprofit CEOs at organizations with budgets greater than $50 million had been paid 21% not up to their male opposite numbers in 2015.

One technique to battle that pay hole: Stop asking women how a lot they made at earlier jobs, to present them a possibility to earn more and negotiate once they take a new place, stated Jennifer Chandler, the vp of the National Council of Nonprofits, an affiliation for nonprofit organizations.

Some cities together with New York and San Francisco have already made it illegal for town agencies to invite prospective staff their present incomes, so that you could shut the wage hole.

Still, the reasonably prime number of women who make up nonprofit CEO spots is peculiar in comparison to other industries. As of January 2018, simply 27 of the leaders of Fortune 500 corporations, or 5.4%, are women.

Among them are Mary Barra, CEO of General Motors GM, +1.16% Ginni Rometty, CEO of IBM IBM, +zero.21% Indra Nooyi, CEO of PepsiCo PEP, +zero.75% Lynn Good, CEO of Duke DUK, +zero.46%   and Meg Whitman, CEO of Hewlett Packard HPE, +zero.57%

But there may be some development. Of all the CEOs who had been changed in 2017, women accounted for 18% in their replacements, up from 15.three% in 2015, consistent with analysis from global outplacement consultancy firm Challenger, Gray & Christmas.