Study: Women of color underrepresented in corporate America, but also more ambitious and entrepreneurial

Black women are especially more likely to desire to start their own businesses

“Women of color are the most underrepresented group in the corporate pipeline. They experience the greatest challenges. Yet they receive the least support — and efforts to increase diversity are not adequately addressing the magnitude of the issues they face,” the study found. “Compared to white women, things are worse for women of color, and they are particularly difficult for black women.”

The third annual report was released Tuesday. A partnership between McKinsey & Company and LeanIn.Org, it surveyed human resources practices for 222 companies and 70,000 employees, detailing their experiences regarding gender, career and work-life issues.

Rachel Thomas, president of LeanIn.org, called this year’s numbers “sadly, a very similar story to what we’ve seen for the last three years,” with progress possibly stalling. The 2015 report said it would take 100 years to reach gender parity in the workforce. In 2017, “1 in 5 C-level executives are women and, really sadly, 1 in 30 are women of color,” Thomas said.

This year’s report detailed the ways gender and race/ethnicity intersect.“It’s double discrimination,” Thomas said. “And it’s why women of color are having a worse experience.”

Here’s part of that experience by the numbers: 31 percent of black women say their managers advocate for them for opportunity, compared with 34 percent of Latina women, 40 percent of Asian women and 41 percent of white women. Black women feel less likely to interact with senior leaders, get advice or get stretch assignments from managers, and only 29 percent of black women believe the best opportunities go to the most deserving employees. That number is 34 percent for Latina women and 40 percent of Asian and white women.

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