2022 Women in the Workplace Report | Lean In and McKinsey & Company

Workforce Trends

Here is the new 2022 Women in the Workplace report by Lean In and McKinsey & Company.  This is the eighth consecutive year the report has been produced, and the effort represents the largest study of women in corporate America. While there are too many insights to cover here from this 62-page report, a few include:  1) The state of the pipeline. (e.g, for every woman at the director level who gets promoted to the next level, two women directors are choosing to leave their company), 2) Three primary reasons women leaders are leaving their organizations are a) opportunities for advancement, b) feeling overworked and under-recognized, and c) wanting a culture of greater flexibility and commitment to employee well-being and diversity, equity, and inclusion. These factors are even more important for women under 30 years of age (see p.16 of the report), 3) Flexibility and remote and hybrid work. (e.g., remote and hybrid work has been particularly beneficial for women with disabilities since it’s easier to manage mobility issues, chronic pain, and mental health conditions). Page 45 begins a section on best practices to support the advancement and retention of women. The practices are categorized by 1) table stakes, 2) leading practices, and 3) emerging practices. Organizations can have the most significant impact by focusing on leading and emerging practices. Other ideas are discussed.