Survey of Deloitte Albania
Women continue to gain power in business
A survey of 200 business executives in the country talks about the role of woman in leadership in Albania, and reveals challenges and other issues faced by them
Deloitte Albania through this initiative aims to highlight the essential role that women in business play in the economy and the need to encourage gender diversity at top management levels in Albania.
Deloitte Albania published data of a survey with business executives of the largest companies in the country about the role of woman in executive positions, and various leadership issues, strongest points in management of men and women, quotas in business, and others.
To launch findings of this survey and encourage open discussion about these topics, Deloitte Albania organized a panel discussion with the participation of Mr. Erion Veliaj, Minister of Social Wellbeing and Youth; Mrs. Tahseen Sayed, Country Director of World Bank in Albania; Mr. Maksim Caslli, Managing Partner of Deloitte Albania and Kosova; Mrs. Luljeta Minxhozi Director of Master’s Program at European University of Tirana and Mrs. Alma Varfi, Director of Human Resources at Vodafone Albania.
“With years we have seen a change in the culture and viewpoint of the role of woman in the society, and a wider participation of women in business. They are equally successful as men.” – said Maksim Caslli, Managing Partner of Deloitte Albania and Kosova during this panel.
Some of the main findings of the survey are listed below:
Leadership in business
According to this survey almost 66.4 % of the respondents perceive women in leading positions as highly professional, 40% believe women have good analytic skills, 40.5 % perceive honesty as main characteristic. Women are also more consistent (31.3%) and more engaged (36.1%). However women at the top in the Albanian tend to score less well in the area of decision making (13.6 %) self-confidence (23.6%) and strategic planning skills (20.2%). Only one third of the respondents consider women as having leadership skills.
According to the survey 62.4 % of respondents selected leadership skills as the most important quality of men holding executive positions. Executive men are perceived as leaders with strong self-confidence (50.8%), comfortable making decision (60.1%), while being effective in negotiations (37.7%). Men in executive position tend to score low on honesty (4.2%) communication skills (17.9%) and innovation (12.9%),
Strong points in business
Deloitte’s survey portrays women as keen on continuously investing in themselves in terms of knowledge and professional expertise. 47% of the respondents said that women achieve better results in their personal development and in gaining new skills. This is also reflected in women’s professional advancement when 36% of them say women accomplish better performance.
Survey strongly recognizes women have this special gift that can make a real difference in the workplace. They are more successful than men in maintaining a healthy work life balance, as 62% of executives confirm women achieve better results compared to men.
When asked to compare men and women in business and who achieves better results, 47 % of respondents indicated that men achieve better results when facing business challenges. They are more efficient at decision-making under stress (46%) and they are most capable at battling for company’s position in competing conditions (41%).According to the survey, the difference between men and women narrows down when it comes to achievement of financial results such as sales, profit and implementation of strategic development.
Pay Gap and other challenges
27% of respondents say women are quite often less paid that men while 64% consider this as a well-known phenomenon. While not completely unrelated, 67% of the respondents admit that women are more likely to be made redundant in a reduction of personnel situation. According to this survey, promotion within the organizations is another challenge for females in the workplace as 19 % think women are quite often less frequently promoted.
Consensus for quotas in business
When asked if Albania should initiate legislative steps toward quotas in business, 48 % responded “definitely yes” to imposing of a regulation similar to some Western European countries putting quotas for the participation of women in company boards. This consensus is important to show that there is good will to encourage strengthening of woman position and increase of diversity in business in Albania.
It is clear, from our survey and from other studies that women and men have complementary management styles. The best solution, not only for the businesses but for all the society would be enhancement of diversity and contribution from both genders based on talents and meritocracy.
“Deloitte Albania through this initiative aims at raise awareness among businesses for the crucial role of woman in business and the need to encourage gender diversity in highest levels of management” – said
Maksim Caslli, Managing Partner of Deloitte Albania and Kosova.
207 C-level (CEO, CFO) took part in the survey. These executives are active within multinational and local companies. The survey was conducted in two stages; the first was an online questionnaire and the second focused on individual interviews with top level executives.
Executives invited to participate in the survey were selected from a list of 500 biggest companies in the market.