Women leaders do more for diversity, equity, and inclusion (DEI) at work than their counterparts who are men. They have a better understanding of how to promote diversity and inclusion in the workplace, but a new report from McKinsey and LeanIn.org notes that they aren't receiving recognition for it.
Their annual Women in the Workplace report is the largest study on the state of women in corporate America. This year's report found that companies are lacking in their recognition of the work women leaders are doing to promote diversity and inclusion in the workplace—and it's costing them strong talent. For companies looking into how to promote diversity and inclusion in the workplace, the report shows some stark challenges.
The report found that compared to men at the same level, women leaders are investing more time and energy in effective people management, allyship, and DEI. In addition, young women play a crucial role in building diverse and inclusive teams. They are more likely than older women to be women of color and identify as LGBTQ+. They are also more likely than both older employees and men in their age group to actively practice allyship at work. Their DEI efforts are crucial to the future of many companies, especially companies that are looking further into the benefits of those diversity initiatives.
Unfortunately, all this work is, for the most part, going unrecognized. The report found that women leaders are twice as likely as their men counterparts to contribute considerable time to DEI efforts, yet 40% of them say this work isn't acknowledged anywhere in their performance reviews. This leads to several problems for women who are leading the quest for greater workplace DEI, instituting DEI training, and speaking out about the importance of diversity training in the workplace.
Ultimately, this failure to recognize the effort put forth by those women can be incredibly damaging to their careers and the future of the company.
The report noted that few companies currently recognize people management and DEI efforts in managers' performance reviews, effectively treating this work as a nice-to-have—as opposed to a core part of a manager's job. Companies who fail to acknowledge these trends in DEI and take action are at risk of losing the women leaders in their organizations. Not only are women more likely to leave organizations altogether when they do not feel recognized and supported, they may step away from their DEI efforts, leaving the company without some of its most vital supports in those arenas.
Over time, the lack of implementation for key diversity initiatives has the potential to slow down business productivity and decrease the business's place in the market.
Fixing these issues could aid retention of women leaders at work at a time when companies are losing them at an unprecedented rate. McKinsey and LeanIn.org offer several important suggestions for improving diversity and inclusion and reaping the benefits of diversity and inclusion training across the workplace.
By recognizing the efforts of women when it comes to diversity and inclusion, many companies find that they can improve retention for female leaders and maintain better diversity across the organization.
To build a culture that promotes diversity and inclusion in the workplace and recognizes the contributions of its women leaders, corporate training must change employees' behavior. This type of learning is an ongoing process, and to sustain lasting change, DEI strategies must include constant reinforcement. LRN's three-year DEI curriculum includes four learning stages per year, with each stage consisting of three to five learning components that showcase the benefits of diversity and inclusion training. Download a copy today for step-by-step guidance on integrating diversity, equity, and inclusion throughout—and beyond—your corporate training.