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Women in the Workplace 2022

October 18, 2022

Women in the Workplace is the largest study on the state of women in corporate America. In 2015, LeanIn.Org and McKinsey & Company launched the study to give companies insights and tools to advance gender diversity in the workplace. Between 2015 and 2022, over 810 companies participated in the study, and more than 400,000 people were surveyed on their workplace experiences. This year, we collected information from 333 participating organizations employing more than 12 million people, surveyed more than 40,000 employees, and conducted interviews with women of diverse identities, including women of color, LGBTQ+ women, and women with disabilities. Our 2022 report focuses on how the pandemic has changed what women want from their companies, including the growing importance of opportunity, flexibility, employee well-being, and diversity, equity, and inclusion.

Race in the workplace: The frontline experience

July 30, 2022

The vast majority of Americans are introduced to the workforce through frontline jobs—whether waiting tables, stocking store shelves, or folding clothes. Approximately 70 percent of the current U.S. workforce is concentrated in frontline jobs, which is also the most diverse part of the workforce. Too often, however, frontline jobs are both a starting point and an end point for workers. This research, a collaboration between McKinsey & Company, the W.K. Kellogg Foundation, PolicyLink and Walmart, found this challenge is especially true for frontline workers of color, who face an array of impediments to moving up the ladder. This report shines a light on the experiences of frontline workers of color, the pathways upwards from the front line, and the skills workers need to advance. It also offers steps companies could take to improve job quality and better support frontline workers of color to develop and progress in their careers.

Race in the workplace: The Black experience in the US private sector

February 21, 2021

Advancing racial equity in companies is action-oriented work. Black workers, in particular, face challenges – from the structural inequities of geography to underrepresentation in industries that might create additional opportunity to the cultures and behaviors within their workplaces. This report, which is part of a new comprehensive series by McKinsey & Company, was produced In collaboration with the W.K. Kellogg Foundation, PolicyLink and Walmart, lifts Black American voices and shares their experiences in the U.S. private sector. The research is organized in three parts: first, a summary of Black Americans' participation in the U.S. private sector economy; second, their representation, advancement and experiences in companies; and third, recommendations and actions companies can take in response, along with additional actions a wider set of stakeholders can take to accelerate progress on diversity, equity and inclusion.

Racial equity in financial services

September 10, 2020

This article outlines findings about racial equity issues present in both representation and employee experience in the financial services sector. It was collaboratively produced by McKinsey & Company and the W.K. Kellogg Foundation. First, the article explores issues of representation across attrition, promotion, and directive versus supportive roles. Second, it examines the experiences of people of color in the workplace, highlighting the impact of relationships with colleagues and bosses, being an only, and enduring microaggressions. Ultimately, it uncovers that real transformation in this sector requires addressing both representation and experience and calls industry leader to advance racial equity to drive better business performance and create more equitable opportunity across society.

Delivering through Diversity

January 1, 2018

Companies with diverse members in leadership positions are more than 20 percent likely to outperform on profitability and have superior value creation. Delivering through Diversity from McKinsey & Company discusses the relationship between diversity and business success and describes the inclusion and diversity (I&D) initiatives that seem to accelerate business performance. This report draws on public annual reports and websites of more than 1,000 companies worldwide and financial data from the Corporate Performance Analytics database of McKinsey and S&P Global. The authors also highlight the I&D efforts of 17 companies across multiple industries. Results show that companies in the top-quartile for gender diversity and ethnic/cultural diversity in their executive teams have better than predicted return on investments, outperform on profitability and are more likely to have superior value creation. Companies in the top-quartile for ethnic/cultural diversity in their executive teams, for example, were 33 percent more likely to lead industry profitability. Additionally, the report reveals that bottom-quartile companies are lagging in comparison to their competitors. The authors suggest that all levels of leadership commit to I&D goals, that managers connect I&D initiatives to growth strategies and company culture, and that I&D strategies should be tailored to local conditions to maximize their impact.

Women in the Workplace 2017

October 12, 2017

Women in the Workplace 2017 is a comprehensive study of the state of women in corporate America. This research is part of a long-term partnership between McKinsey & Company and LeanIn.Org to give organizations the information they need to promote women's leadership and foster gender equality.222 companies employing more than 12 million people shared their pipeline data and completed a survey of Human Resources practices. In addition, more than 70,000 employees – including women from different races and ethnicities – completed a survey designed to explore their experiences regarding gender, opportunity, career, and work-life issues.

Organizational Capacity Assessment Tool (OCAT): 2.0

May 2, 2017

This is a tool to measure organizational capacity. Each element from the Capacity Framework's seven elements of organizational capacity is scored on a grid, by selecting the text that best describes the organization's current status or performance. The seven elements of organizational capacity are: 1) Aspirations; 2) Strategy; 3) Organizatonal Skills; 4) Human Resources; 5) Systems and Infrastructure; 6) Organizational Structure; and 7) Culture.

The New Plastics Economy: Rethinking the Future of Plastics

March 15, 2016

Plastics have become the ubiquitous workhorse material of the modern economy -- combining unrivalled functional properties with low cost. Their use has increased twenty-fold in the past half-century and is expected to double again in the next 20 years. Today nearly everyone, everywhere, every day comes into contact with plastics -- especially plastic packaging, the focus of this report.While delivering many benefits, the current plastics economy has drawbacks that are becoming more apparent by the day. After a short first-use cycle, 95% of plastic packaging material value, or USD 80–120 billion annually, is lost to the economy. A staggering 32% of plastic packaging escapes collection systems, generating significant economic costs by reducing the productivity of vital natural systems such as the ocean and clogging urban infrastructure. The cost of such after-use externalities for plastic packaging, plus the cost associated with greenhouse gas emissions from its production, is conservatively estimated at USD 40 billion annually -- exceeding the plastic packaging industry's profit pool. In future, these costs will have to be covered. In overcoming these drawbacks, an opportunity beckons: enhancing system effectiveness to achieve better economic and environmental outcomes while continuing to harness the many benefits of plastic packaging. The 'New Plastics Economy' offers a new vision, aligned with the principles of the circular economy, to capture these opportunities.With an explicitly systemic and collaborative approach, the New Plastics Economy aims to overcome the limitations of today's incremental improvements and fragmented initiatives, to create a shared sense of direction, to spark a wave of innovation and to move the plastics value chain into a positive spiral of value capture, stronger economics, and better environmental outcomes. This report outlines a fundamental rethink for plastic packaging and plastics in general; it offers a new approach with the potential to transform global plastic packaging materials flows and thereby usher in the New Plastics Economy.

From Potential to Action: Bringing Social Impact Bonds to the U.S.

May 15, 2012

Examines the structure, benefits, stakeholders, and potential for and economics of social impact bonds in the areas of homelessness and criminal justice, including meaningful savings, proven interventions, and capacity, with a focus on juvenile justice.

Urban world: Mapping the economic power of cities

March 1, 2011

Until now, a lack of global data at the city level has prevented companies and policymakers from tracking the evolving role of cities in the global economy and positioning their business and policy activities accordingly. To help close this "white space" in our understanding of the global economy, the McKinsey Global Institute (MGI), McKinsey & Company's business and economics research arm, has built on its extensive body of research on the urbanization of China, India, and Latin America to develop the MGI Cityscope, a database of more than 2,000 metropolitan areas around the world that we believe is the largest of its kind. By analyzing demographic, income, and household trends in these cities, the database offers actionable insights on the choices facing companies looking for new markets and policy makers seeking to improve their urban management and the alignment of their diplomatic efforts with their countries' trade interests.

Social Impact Whitepaper

April 1, 2010

This paper presents our most relevant findings for foundation leaders and other funders. The paper is intended primarily for leaders of grantmaking foundations. The work described here takes one step towards a better understanding of social impact assessment.

The Business of Empowering Women

January 1, 2010

The goal of this business case is to inform private sector leaders about the potential impact of women's economic empowerment in developing countries and emerging markets, increase their understanding of some of the issues, challenges, and opportunities facing these women, and ultimately inspire them to action.