The global share of women taking up senior leadership roles (Director, VP or C-suite) had been on an upward slope in recent years, increasing from 31.1% in 2016 to 32.6% in 2022, yet dropping to 32.2% in the first quarter of 2023. Between 2016 and mid-2022, progress on women’s representation in senior leadership was seen across industries: upward trends were steeper in Technology, Information and Media (+1.98 percentage points); Professional Services (+1.96 percentage points); Government and Public Sector (+1.93 percentage points); Manufacturing (+1.84 percentage points); and Utilities (+1.75 percentage points). Yet, women’s workforce representation decreased at all levels of seniority across the examined industries in the early 2023 data (-0.31 percentage points), and the decline is stronger for senior leader positions (-0.33 percentage points). The recent drop in the representation of women in top positions is especially visible in sectors like Consumer Services (-0.58 percentage points), Healthcare and Care Services (-0.42 percentage points), Real Estate (-0.41 percentage points), and Infrastructure and Agriculture (-0.4 percentage points). Leadership hiring rates A similar trajectory is observed when tracking the evolution of leadership hiring rates over time, which in turn affects the overall leadership representation rates as seen in Figure 2.8. For the past eight years, the proportion of women hired into leadership positions has been steadily increasing by about 1% per year globally. In the first months of the COVID-19 pandemic in 2020, there was a decline followed by a recovery matching or in some industries even exceeding the pre-pandemic trajectory. However, this trend shows a clear reversal starting in 2022, bringing the 2023 rate back to 2021 levels (Figure 2.9). Progress in hiring women into top positions has not been advancing at the same rate across industries since 2016 (Figure 2.10). Some sectors are displaying upward trends over several years (Financial Services; Professional Services; Oil, Gas, and Mining), while others are fluctuating (Government Administration, Administrative and Support Services). 2016 2017 2018 2019 2020 2021 2022 2023 OverallHealthcare and Care Services Education Consumer Services Government and Public Sector Retail Entertainment Providers Administrative and Support Services Accommodation and Food Professional Services Financial Services Real Estate Technology, Information andMedia Wholesale Utilities Manufacturing Agriculture Supply Chain andTransportation Oil, Gas and Mining InfrastructureShare (%) Year 10 20 30 40 60 50 Source LinkedIn Economic Graph.Share of women in senior leadership, by industry, 2016-2023 FIGURE 2.8 NoteThe 2023 data points only include data for Q1 2023. Global Gender Gap Report 2023 42

GGGR 2023