2.24.21
In a recent article, HRDRIVE analyzes a report by McKinsey & Company that states that without change, black workers won’t reach parity for 95 years.
If there’s no change in current promotion, attrition and external hiring rates, it may take about 95 years for Black private sector employees in the U.S. to reach parity in management positions — 12% representation overall, according to McKinsey & Company.
The inaugural report Race in the Workplace: The Black Experience released Feb. 22, surveyed 24 large companies and explored geographic and systemic barriers to provide insight on why Black workers are largely concentrated in frontline and entry-level jobs. This is the first comprehensive analysis of the experience of Black professionals in corporate America, according to McKinsey.