Women Reach 29% of C-Suite Positions but Face Persistent Barriers
Despite progress in executive roles, women, especially women of color, encounter significant challenges and slow advancement in the workplace.
- A decade-long study by McKinsey and Lean In shows women now hold 29% of C-suite positions, up from 17% in 2015.
- The study highlights that women of color are vastly underrepresented, holding only 7% of C-suite roles.
- Women are more likely to be promoted to staff roles like HR rather than line roles, which are critical for reaching CEO positions.
- The 'broken rung' phenomenon persists, with only 81 women promoted to manager for every 100 men, and even fewer for women of color.
- Corporate commitments to diversity, equity, and inclusion are declining, with fewer companies prioritizing gender and racial diversity compared to five years ago.