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The broken rung

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McKinsey & Company’s Women in the Workplace 2020 Report found that although women are outpacing men in terms of earning degrees, the disparity in pay and leadership positions in organizations still remains. In fact, the progress toward pay equity is slow. To this point, the United States acknowledges an Equal Pay Day every year to bring light and action toward pay equity for women of all racial and ethnic backgrounds.

Women are still underrepresented in leading corporations, on boards, and in senior executive roles. For example, in 2021, only 41 Fortune 500 corporations were led by women, 2 of whom were Black women. This number is significant because only three Black women have ever led a Fortune 500 company.

This underrepresentation may stem from many causes, but one of the biggest challenges is what Leanin.org called the broken rung. A sweeping 2021 study looking at 329 companies employing 13 million people found that the biggest obstacle most women face with being promoted is that first step up from entry-level roles to manager. For example, the study showed that for every 100 men promoted to a management position, 86 women are promoted. At the beginning of 2020, women held only 32 percent of manager positions, while men held 88 percent. So women are significantly left out of entry-level management positions that would put them in the succession pipeline for significant promotion along a leadership track.

Diversity, Equity & Inclusion For Dummies

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