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Copyright © 2020 McKinsey & Company. All Right Reserved.
Women in the Workplace 2020
Welcome
Executive Women’s
Roundtable
McKinsey & Company 2
Six years of Women
in the Workplace
Women in the
Workplace is a
multi-year joint
research effort
by McKinsey &
Company and
LeanIn.org and
the largest
comprehensive
study of the
state of women
in corporate
America
This year…
Participating companies
317
Employees in participating
companies
12 million+
Employees surveyed on their
workplace experiences
+40,000
In-depth 1-on-1 interviews
+45
McKinsey & Company 3Source: 2020 Women in the Workplace research
Optimism that remote work can
improve flexibility and diversity…
… but big challenges that put at risk the
progress earned
COVID-19 placed us at a cross roads
In 2019 flexibility was the top
challenge raised by employees#1
Progress
over last
6 years
could be erased in one year
Potential number of women
who could exit the workforce2M+69%
Employees say remote work
can provide the flexibility they
need to have work/life balance
70%
Companies agree that remote
work will help hire and retain
more diverse employees
Women who are considering
leaving the workforce or
downshifting their careers
1 in 4
McKinsey & Company 4McKinsey & Company 4
COVID-19 surfaced and exacerbated
new challenges for employees
Since the start of the COVID-19 crisis, the biggest challenges for employees have been:
% Employees rating in top 3 challenges
Source: 2020 Women in the Workplace research
Anxiety over
layoffs or
furloughs
Burnout Mental health Childcare and/or
home-schooling
Physical/
mental health
of loved ones
31% 28% 23% 21% 20%
McKinsey & Company 5
Companies need to take tactical actions to
ensure they can retain their diverse talent
Adjust policies to better
support employees
Reset norms around
flexibility
Strengthen employee
communication
Take a close look at
performance reviews
Take an intersectional approach
to address the challenges Black
women face
Foster a culture that supports
and values Black women
Make work more
sustainable
Take steps to
minimize gender bias
To support Black women:To address core challenges women are facing:
McKinsey & Company 6
Thank you
Read the full report: www.womenintheworkplace.com

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Women’s Executive Roundtable presentation

  • 1. Copyright © 2020 McKinsey & Company. All Right Reserved. Women in the Workplace 2020 Welcome Executive Women’s Roundtable
  • 2. McKinsey & Company 2 Six years of Women in the Workplace Women in the Workplace is a multi-year joint research effort by McKinsey & Company and LeanIn.org and the largest comprehensive study of the state of women in corporate America This year… Participating companies 317 Employees in participating companies 12 million+ Employees surveyed on their workplace experiences +40,000 In-depth 1-on-1 interviews +45
  • 3. McKinsey & Company 3Source: 2020 Women in the Workplace research Optimism that remote work can improve flexibility and diversity… … but big challenges that put at risk the progress earned COVID-19 placed us at a cross roads In 2019 flexibility was the top challenge raised by employees#1 Progress over last 6 years could be erased in one year Potential number of women who could exit the workforce2M+69% Employees say remote work can provide the flexibility they need to have work/life balance 70% Companies agree that remote work will help hire and retain more diverse employees Women who are considering leaving the workforce or downshifting their careers 1 in 4
  • 4. McKinsey & Company 4McKinsey & Company 4 COVID-19 surfaced and exacerbated new challenges for employees Since the start of the COVID-19 crisis, the biggest challenges for employees have been: % Employees rating in top 3 challenges Source: 2020 Women in the Workplace research Anxiety over layoffs or furloughs Burnout Mental health Childcare and/or home-schooling Physical/ mental health of loved ones 31% 28% 23% 21% 20%
  • 5. McKinsey & Company 5 Companies need to take tactical actions to ensure they can retain their diverse talent Adjust policies to better support employees Reset norms around flexibility Strengthen employee communication Take a close look at performance reviews Take an intersectional approach to address the challenges Black women face Foster a culture that supports and values Black women Make work more sustainable Take steps to minimize gender bias To support Black women:To address core challenges women are facing:
  • 6. McKinsey & Company 6 Thank you Read the full report: www.womenintheworkplace.com