The Facts
“Based on four years of data from 462 companies employing almost 20 million people, two things are clear:
- Women remain significantly underrepresented, particularly women of color.
- Companies need to change the way they hire and promote entry- and manager-level employees to make real progress.”
—Women in the Workplace, McKinsey & Company and Lean In (joint study)
“Companies with women holding at least 30% of leadership roles are 1.4 times more likely to have sustained, profitable growth, and are 1.7 times more likely to have greater leadership strength.”
“A man is 46% more likely than a woman to have a higher-ranking advocate in the office. From a McKinsey report, “at companies where only one in ten senior leaders are women, nearly 50% of men felt women were ‘well represented’ in leadership.”
—AWESOME: Achieving Women’s Excellence in Supply Chain Operations, Management and Education
“In fact, advancing women’s equality could add $12 trillion to global growth.”
—“How Technology Is Helping Close the Gender Gap and Empower Women,” by Raya Bidshahri, Singularity Hub
“Women’s share of board seats in S&P 1500 companies increased 7.2 percentage points, or 94 percent, from 1997 to 2009, and their share of top executive positions increased 2.8 percentage points, or 86 percent. The share of companies with female CEOs increased more than sixfold.”
—David A. Matsa and Amalia R. Miller, “Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership,” American Economic Review
“35% of women in corporate America experience sexual harassment at some point in their careers, from hearing sexist jokes to being touched in an inappropriately sexual way.”
—Women in the Workplace Study, McKinsey & Company and Lean In (joint study)
“43% of the 150 highest-earning public companies in Silicon Valley had zero female CEOs.”
—David A. Bell and Kristine M. Di Bacco, “Gender Diversity in Silicon Valley: A Comparison of Silicon Valley Public Companies and Large Public Companies” (Mountain View, CA: Fenwick & West LLP, 2016)
“Women of color are 39 percent of the nation’s female population and 20 percent of the entire U.S. population, and yet women of color are only 4.7% of executive- or senior-level officials and managers in S&P 500 companies.”
—Julia Carpenter, “Forget the ‘glass ceiling.’ Women of color face a ‘concrete ceiling’,” CNN Money
“Women are much less likely than men to be in leadership positions. In universities, businesses, courts, unions and religious institutions, male leaders outnumber female leaders by wide margins.”