McKinsey & Company Releases Their 2024 Women in the Workplace Report

McKinsey & Company has recently released the tenth edition of their “Women in the Workplace” report, which tracks the status and progress of women in corporate America. The report includes data from over 1,000 companies and over 480,000 individual survey participants.

Since 2015, women’s representation in C-suite positions has increased significantly from 17 percent to 29 percent. However, there has been little change in women’s representation in entry-level positions, which only increased from 45 percent in 2015 to 48 percent in 2024. This means there are less women who can advance into management positions, and in turn, the recent gains in C-suite positions will be difficult to replicate in the years to come. At the current rate of change, the report states it would take 48 years for women in senior level corporate positions to reflect their share in the United States population.

The report’s findings also revealed that little has changed for the day-to-day experiences of women workers in the United States, Despite many companies implementing inclusive and anti-discrimination policies in recent years, women are still just as likely to experience microaggressions or sexual harassment at work today as they were five years ago.

“If one thing is clear, it’s that deep, systemic change – which requires reshaping people’s mindsets and behaviors – is hard and doesn’t follow a linear path,” the authors write. “The next phase of change will require even more tenacity, creativity, and optimism – and that starts with rekindling the commitment to diversity and fairness that got us to this point.”