Although we have a long way to go to achieve gender equity in the workforce, a study done jointly by LeanIn.Org and McKinsey & Company shows that we have made progress over the last five years.
Women, especially women of color, are still underrepresented at every level in corporate America, but the representation of women in the C-suite increased. Forty-four percent of companies have three or more women in their C-suite, up from 29% five years ago.
The glass ceiling is still the biggest barrier to advancement, but in a surprisingly low-level area: the first rung of management. The report revealed that only 72 women were promoted or hired to manager for every 100 men. This means that only 38% of women have made it to management versus 62% of men. The stats for Latinx and black women are significantly lower.
Overall, black women and women with disabilities reported that they don’t have equal opportunities to grow and advance their careers. Only 1 in 25 black women are C-suite executives. And for every 100 men promoted to manager from entry-level, only 68 Latinx and 58 black women are promoted.
The Women in the Workplace report reveals findings from surveying 329 participating organizations that employ 13 million people and more than 68,500 employees. You can read the full report here.
Recognize your brand’s excellence by applying to this year’s Brands That Matter Awards before the early-rate deadline, May 3.
