LeanIn.Org and McKinsey & Company recently released the 10th annual Women in the Workplace Report, the largest and most comprehensive study on the state of women in corporate America and Canada.
The report provides detailed analysis of women’s representation and their experiences navigating the corporate ladder over the past decade. The report is based on data and insights from 1,000 participating companies and more than 480,000 people surveyed on their workplace experiences at over 280 companies between 2015 and 2024.
The report revealed that:
- Women make up 29% of C-suite (corporate) positions, up from 17% in 2015. Yet, overall, women of color represent 7% of C-suite positions. White men remain the most represented at every level of leadership, while either Black women, Asian women, or Latinas [women of color] are the least represented.
- At the current rate, it will take women of color 48 years—or two generations—to reach parity and white women 22 years.
- Despite progress made, commitments to gender and racial diversity are declining.
The report said women, in general, and those of color, specifically, have problems advancing to management. In 2018, for every 100 men who received the first promotion to manager, 79 women received the same opportunity. Today, that number is 81.
For women of color, it’s worse. For every 100 men promoted to manager, just 54 Black women (down to 2020 levels) and 65 Latinas (the lowest since we began this research) get the same opportunity.
Plus, Black women’s representation drops dramatically—by nearly two-thirds—from entry-level to director.
The report said companies are investing fewer resources into women’s advancement—offering fewer mentorship, sponsorship, internship, and recruitment programs geared toward females.
The complete report is available at womenintheworkplace.com.