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KORN/FERRY STUDY SHOWS WOMEN PLACEMENTS TRIPLE OVER TEN-YEAR PERIOD; SALARIES MORE THAN DOUBLE; JOBS IN HEALTH CARE TOP THE LIST

KORN/FERRY STUDY SHOWS WOMEN PLACEMENTS TRIPLE OVER TEN-YEAR PERIOD;
 SALARIES MORE THAN DOUBLE; JOBS IN HEALTH CARE TOP THE LIST
 LOS ANGELES, Feb. 27 /PRNewswire/ -- In a recent study by Korn/Ferry International, the firm found that the number of its women placements in senior-level positions more than tripled from 1981 to 1991. In 1981, 5 percent of its senior-level placements were women. In 1986, 9 percent of its placements were female and in 1991, the study found that a full 16 percent of its senior-level placements were female executives.
 "With women today accounting for half of the graduates of our nation's graduate business schools we at Korn/Ferry expect the number of women placements into senior executive positions to increase dramatically over the next 10 years. There isn't any job that's closed to women today -- the 'Glass Ceiling' has cracked," said Richard M. Ferry, president and chief executive officer.
 The Korn/Ferry study found that in 1981, the average base salary of the women senior executives was $44,000. Furthermore, none of the women were placed in positions higher than a vice president level. Ten years later, the average salary was $106,000 and fully 21 percent of the senior women were placed in positions of senior vice president and above at major client companies in publishing, not-for-profit, health care, consumer products and financial services. In fact, half of those were for the position of chief executive officer. Additionally, Korn/Ferry found that 30 percent of its placements of female executives were for positions in the health care industry, one of the growth industries in this recession. "The up trend for women achieving higher executive positions is clear, and we fully expect to place an ever increasing percentage of women in the top jobs," according to Ferry.
 Headquartered in Los Angeles and New York, Korn/Ferry International specializes in management searches at the senior level. The firm maintains 16 offices in major U.S. cities with a total of 43 offices worldwide in key business centers throughout North America, Latin America, Europe, Asia/Pacific and Australia. In addition to its executive recruiting services, Korn/Ferry provides related consultation services in executive compensation and organizational planning.
 -0- 2/27/92
 /NOTE: The Southern California spokesperson is Caroline Nahas, partner at Korn/Ferry International, 310-552-1834/
 /CONTACT: Francie Murphy of Casey & Sayre, 310-457-3676, for Korn/Ferry International/ CO: Korn/Ferry International ST: California IN: SU:


AL-JL -- LA015 -- 3257 02/27/92 12:07 EST
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Date:Feb 27, 1992
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