January 2021
McKinsey & Company, in partnership with LeanIn.Org, recently completed their 6th annual study of Women in the Workplace. Since its inception, this study has garnered information from almost 600 companies and a quarter-million people and has acted as a lens to shine a light on the challenges that women face in the workplace. This study took on new importance in 2020, as many women faced their largest challenge to date: managing their careers, families, and homes amid the COVID-19 global pandemic.
The 2020 publication of Women in the Workplace addresses timely topics such as how COVID-19 is affecting women at work and how it is forcing some women – at all levels – to contemplate leaving their careers. It also looks at the impact that COVID-19 has had on women of different races, ethnicities, and women with disabilities. Finally, the report recaps progress that has occurred over the 6-year history of the study and cautions how the effects of COVID-19 could disrupt, halt, and potentially reverse the progress that women have worked so hard for.
However, with every cloud, there is a silver lining. While COVID-19 has turned everyone’s worlds upside down, it has also created opportunities for corporations to step up and create a more flexible and empathetic workplace for all employees – now and into the future.