Groundbreaking New Research Study on Women of Color in Business Published by Harvard Business School Authors / Alumni
NEW YORK, April 22, 2021 / PRNewswire / – Bonita C. Stewart and Jacqueline Adams, pioneering business leaders, co-authors and Harvard Business School alumnae, today announced with the Executive Leadership Council the release of their 2020 Women of Color in Business: Cross-Generational Survey ©. The new survey is an evolution of their 2019 survey which was included in their book, A BLESSING: Women of Color Teaming Up to Lead, Empower and Thrive, published last fall. Their latest research involved nearly 2,500 respondents from all generations, including Generation Z, Generation Y, Generation X, and baby boomers among black, Latin, Asian and Caucasian women. And for the first time, the research also included white male respondents.
Although the new survey covers a wide variety of topics, two major new findings relate to “generational diversity” and the importance of manager training. “Generational diversity” is a term the co-authors coined to highlight nuances that are overlooked in today’s conversations about diversity, equity and inclusion, particularly representation through the generations. The 2020 survey found that Generation Z and Millennial “office workers”, especially those who are black and Latin, are extremely confident in being in control of their careers. They are mission-driven and at the forefront of technology, with 42% of black Gen Z respondents saying they are always the first to know about technological innovations – double the percentage of other women races.
The data convinced the co-authors that “great managers matter.” When asked about mentoring, female managers of all races were more magnanimous in their willingness to help anyone, regardless of race or gender, ranging from 56% to 65%. Only 34% of white executive men agreed. Fifty-one percent preferred to give and 61% preferred to receive work advice from other white men because, “I feel like I can relate better to them.
To win the race for outstanding talent, leaders and managers need to feel comfortable with the multiple hiring of underrepresented minorities, providing honest feedback and extended assignments, and creating an inclusive environment for ideas flow freely from all employees of all generations, genders and races.
Other areas of research included finance and investing, professional development, and the pursuit of “shadow entrepreneurship,” particularly by black women who were three times more likely than their white counterparts to run a parallel business during their career. free time.
Data from 2020 found that 46% of black women were frequently or always the only person of their race in a professional setting, down just one point from 2019. In contrast, 72% of white women said that ‘they weren’t the only ones very often or never. a person of his race in a professional setting, once again down one point compared to 2019.
This “uniqueness” has costs. Twice as many black women as their white counterparts said they were subjected to more scrutiny for their job applications and job performance because of their race. A large majority of all office workers reported additional stress at work due to the COVID-19 pandemic: 70% for blacks, 72% for LatinX, 60% for Asians and 67% for white women. Office workers also reported additional stress following the racial and social justice protests: 54% for blacks, 39% for LatinX, 34% for Asians and 30% for white women.
The findings of Stewart and Adams are particularly relevant as we continue to see a number of landmark leadership appointments by women of color.
Stewart and Adams said: “The bottom line is that great leaders and managers – men and women – want to win. male managers, can confidently team up with highly skilled and ambitious women of color. “
The decision of the Executive Leadership Council (ELC) to announce with Stewart and Adams the release of the results of this substantial survey is particularly important because the information directly aligns with the organization’s goal of increasing number of successful black executives by adding value to their development, leadership, and philanthropic efforts throughout their career lifecycle. “Over the past few months, many black women have made history by reaching CEO positions in Fortune 500 companies and the highest leadership positions in government,” said Michael C. Hyter, President and CEO of ELC. “The problem is not the lack of qualified black women. It is the lack of opportunities for black women to access these roles. ELC is proud to support this research to empower and energize black women, and inform their organizations, as they strive for future professional success. “
Bonita C. Stewart – https://www.linkedin.com/in/bonitacstewart/
Jacqueline Adams – https://www.linkedin.com/in/jackie-adams-1471602
Online access to full research and press release: https://leadempowerthrive.com/research2020
Squire Media & Management, Inc.
Women of Color in Business 2020
THE SOURCE Bonita C. Stewart and Jacqueline Adams