“In corporate America, women fall behind early and continue to lose ground with every step.”
That’s how the McKinsey & Company, in collaboration with LeanIn, started their yearly Women in the Workplace report, released Tuesday. The report is a comprehensive analysis of 132 companies that collectively employ more than 4.6 million people, and the results present a sad state of affairs when it comes to being a woman in the corporate world.
To begin with, women experience an uneven playing field, says the report, which says, “Women get less access to the people and opportunities that advance careers and are disadvantaged in many of their daily interactions.”
“These inequities appear to take a toll on women: They are less likely to think they have equal opportunities for growth and development—and more likely to think their gender will play a role in missing out on a raise, promotion, or chance to get ahead.”
Continuing on, the report found that women are promoted less often than men, women are negotiating for raises but aren’t getting them as often as their male co-workers, and for every 100 women promoted, 130 men are.
Women get less access to senior leaders, which is “essential for success.”
“Women report fewer substantive interactions with senior leaders than their male counterparts do—and this gap widens as women and men advance.”
The report found that women are negotiating as often as men—but face pushback when they do.
“The good news is that women are negotiating for promotions and raises as often as men, and it appears to be paying off. For example, women who lobby for a promotion are 54 percent more likely to report getting one than women who don’t. The bad news is that women who negotiate10 are disproportionately penalized for it,” says the report.
The report offered up some attempts at a solution to move forward with workplace equality.
“Although company commitment to gender diversity is at an all-time high, companies don’t consistently put their commitment into practice, and many employees are not on board. We see four clear steps companies can take to advance their efforts. “Make a compelling case for gender diversity. Ensure that hiring, promotions, and reviews are fair. Invest in more employee training. Focus on accountability and results.”
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