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☆ A 'gender promotion gap' fuels wealth inequality between men and women, Yale professor says
▼ + stars: | 2024-09-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

PeopleImagesProgress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the "gender promotion gap." Women are about 13% less likely to be promoted than men, according to Shue's research. That imbalance is a major driver in the persistent income inequality between men and women, she said. About 70% of the gender wage gap is due to women occupying different positions compared to men, according to Shue. But even when men and women occupy the same position, women are paid less, she added.

Persons: Kelly Shue, Shue, Lean Organizations: Yale School of Management, CNBC's, Census, National Women's Law, Lean, McKinsey Locations: America

☆ 'Broken rungs' on the corporate ladder are holding Latinas back from the C-suite
▼ + stars: | 2024-06-13 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Latinas face the steepest climb up the corporate ladder despite being as ambitious as their white peers, according to new research from Lean In. Latinas lag behind nearly all other major demographic groups in the executive ranks — white men and white women, Black men and women, even Latino men — comprising a mere 1% of C-suite executives at U.S. companies. A "broken rung" at the first critical step up to manager is still holding Latinas back from climbing the corporate ladder — for every 100 men promoted to manager, only 74 Latinas are promoted, Lean In reports. Latinas are less likely than white women and women overall to have their work highlighted to a leader or to have benefited from a sponsor action like being recommended for a promotion. Nearly half (44%) of Latinas say career growth has become more important to them in the last two years, compared with 32% of white women, Lean In reports.

Persons: Latinas, Rachel Thomas, Lean In's, Anna Dapelo, Garcia, she's, Lean Organizations: Lean, U.S, CNBC, Stanford Health Care, Latina Locations: America, U.S

☆ Long before hitting a glass ceiling in the workplace, women face a 'broken rung,' report finds
▼ + stars: | 2023-10-18 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

That's where progress often falls short, according to the annual Women in the Workplace study from Lean In and McKinsey. "The 'broken rung' is the biggest barrier to women's advancement," said Rachel Thomas, Lean In's CEO and co-founder. "Companies are effectively leaving women behind from the very beginning of their careers, and women can never catch up." Largely due to systemic bias, women are prevented from getting the same opportunities to advance, Lean In's report found. "Women tend to look for mentors and men tend to look for sponsors who will help them negotiate," she said.

Persons: Rachel Thomas, Lean, Thomas, —, Stefanie O'Connell Rodriguez, Laurie Chamberlin Organizations: Fortune, Lean, McKinsey, Companies, Adecco, Mentors, Gallup Locations: America, North America

☆ Women face a 'broken rung' early on in the corporate ladder and are missing out on their first big promotions
▼ + stars: | 2023-10-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Lean In's CEO said fixing the "broken rung" would mean more women representation in the work pipeline. The report found that "for every 100 men promoted from entry level to manager, 87 women were promoted." "While we have this laser focus typically on the glass ceiling, what we need is a laser focus on the broken rung," Alexis Krivkovich, a senior partner for McKinsey, told Insider. "While companies are increasing women's representation at the top, doing so without addressing the broken rung offers only a temporary stopgap," the report stated. The broken rung doesn't have to be a never-ending problem.

Persons: Lean, —, Alexis Krivkovich, Rachel Thomas, Krivkovich, Thomas, evaluators Organizations: McKinsey, Service, McKinsey & Company, Lean, Companies

☆ Sheryl Sandberg and LeanIn.org launch Lean In Girls initiative: 'We're telling girls you can lead on your own terms'
▼ + stars: | 2023-07-28 | by ( Julia Boorstin | ) www.cnbc.com time to read: +5 min

Sheryl Sandberg and her Lean In organization are rolling out a new program for girls ages 11-15, designed to encourage girls to set leadership goals, navigate risk, and identify and challenge bias. Sandberg says she was inspired to create this new initiative because the adult Lean In community is thriving, with 80,000 circles in 183 countries, growing faster than ever before. "Girls in high school are twice as likely as boys to think that having any leadership role will make them be called 'bossy.' "We really want girls to embrace and lean into their superpowers. We want girls to know that they're going to face stereotypes that there's going to be headwinds.

Persons: Sheryl Sandberg, Sandberg, –, Rachel Thomas, Latricia Barksdale, Mark, We've Organizations: CNBC, Public Charter Schools, Girls Inc, Girl Scouts of, Lean, VP, Meta, Hawaii — Locations: Girl Scouts of Northeast Texas, Hawaii, Airbnb

☆ Female executives are leaving their companies at record rates. Here's what employers can do to limit the losses.
▼ + stars: | 2022-10-21 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

A McKinsey report found that women leaders were leaving their companies in unprecedented numbers. In particular, companies need to prioritize flexible work, invest in career development, and foster diversity, equity, and inclusion, they said. Lareina Yee, McKinsey’s senior partner"Employers need to level the playing field for all workers," Thomas said. Employers also need to invest in professional-development programs for younger women — especially women of color. He said too many employers relied on their women leaders to foster inclusion and support employee well-being without acknowledgement.

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