Black women want a seat at the table. And yet they are close to invisible at the highest ranks of corporate America, reveals data released Tuesday morning by consulting firm McKinsey & Company and LeanIn.org, the nonprofit women’s leadership organization founded by Facebook Chief Operating Officer Sheryl Sandberg.
This is the second year the organization has released the data, among the most comprehensive looks at how women are faring in the business world.
Overall, it’s not going terribly well. Women drop out of the corporate pipeline at high rates: For every 100 women promoted to manager (the first step on the track up the ladder), 130 men are advanced, the study found. Women get more pushback when they negotiate for raises, and are more likely to get labeled pushy or bossy by the higher-ups and generally receive less support from senior colleagues.
But women of color have it particularly bad, the study found.
Defined as black, Asian or Hispanic, women of color make up just 3 percent of executives in the C-suite at the 132 North American companies surveyed, which include JP Morgan Chase, Procter & Gamble, General Motors and Facebook. Yet, these women comprise 20 percent of the United States population.
White women were also nowhere near parity in those high-level offices, but at 17 percent are doing much better by comparison.
“When women are stuck, corporate America is stuck,” Sandberg said in a statement. “We know that diverse teams perform better and inclusive workplaces are better for all employees, so we all have strong incentives to get this right.”
“Women of color are the most underrepresented group in the corporate pipeline,” write the authors of the report, which also surveyed women within these companies.
This is the second year that LeanIn.org and McKinsey have done this landmark survey. Though last year some data on women of color was included, the report did not break out pipeline data on women of color.
The latest study looked at promotion and attrition rates at the various companies, which together employ more than 4.6 million people. Additionally, more than 34,000 employees at the companies responded to a survey on gender biases, work-life issues and career opportunities at their companies.
Women of color who responded to the survey, especially black women, tended to perceive their offices as less fair. Only 29 percent of black women said the best opportunities at their company go to the most deserving employees, compared to 47 percent of white women, 43 percent of Asian women and 41 percent of Hispanic women.
“This study makes clear that while all women remain underrepresented in the corporate pipeline, women of color face the steepest drop-offs,” LeanIn.org president Rachel Thomas said.
Source: Huffington Post | Emily Peck