McKinsey and Lean In’s most recent report on Women In the Workplace 2017, concludes that commitment to gender diversity is at an all time high, however it also reports that progress is slow and may even be stalling.
Other key findings from the report include:
- as a general rule across the workforce, women are not leaving their companies at any higher rate than men, and very few (less than 2%) are planning to leave work completely in order to focus on family;
- women are asking for promotion just as often as men (indeed senior level women ask for promotion more often than senior level men), and yet women get promoted at a lower rate. Crucially the biggest discrepancy is at the first level promotion, which then impacts upon the entire pipeline available for promotion to more senior positions;
- A critical difference highlighted by the report is that women are less likely to get the sort of support that advances careers: they are less likely to interact regularly with senior leaders and they are also less likely to receive advice from managers and senior leaders on how to advance.
On a more constructive note the report also sets out a road map to gender equality for companies who are serious about wanting to know how to improve.
It recommends six core actions:
- Make a compelling case for gender diversity;
- Invest in more employee training;
- Give managers the means to drive change (interestingly they see this group as key to success and currently less committed than senior leadership teams);
- Ensure that hiring, promotions and reviews are fair;
- Give employees the flexibility to fit work into their lives; and
- Focus on accountability and results.
If you would like to discuss how to adopt a road map for diversity for your business please get in touch with one of the Sherwood team who would be delighted to talk to you about how we could help.
To read the full report click on the link below: