The Working Mother Research Institute has conducted the initiative since 2003, tracking corporations’ progress in creating cultures that encourage multicultural women to join and rise through the ranks.
“As the demographics in our country continue to move toward a growing minority population, companies recognize that they must create an inclusive workplace environment for multicultural women or else they will miss out on that portion of the talent,” said Subha V. Barry, President of Working Mother Media. “The fact that we expanded our list to 50 companies this year reinforces the notion that companies are taking the hiring, mentoring, sponsoring and promotion of multicultural women seriously, and are more confident in their progress on this front.”
“I am excited to see the growing number of multicultural women represented at the manager level,” said Meredith Bodgas, Editor-in-Chief of Working Mother. “Our Best Companies continue to create policies and initiatives that are crucial to the success of multicultural women in the workforce, and we hope that more organizations follow their example.”
Key findings of the 2019 Working Mother report include:
- Increased multicultural-women representation at manager level and above: 15 percent in 2019 versus 13 percent in 2018 in management roles; 11 percent in 2019 versus 8 percent in 2018 in senior-management roles; 6 percent in 2019 versus 3 percent in 2018 in corporate-executive roles.
- The most significant change since 2018 is a steady increase in Asian women in almost every category, especially in the most senior ranks. Significant gaps remain, especially for black women and Latinas.
- Better participation of multicultural women in sponsorship and leadership development. The rise in formal sponsorship, in which a senior person advocates for a more junior person, has significantly impacted the progress of multicultural women at more-senior levels. As such, 76 percent of companies offer formal sponsorship, up from 64 percent in 2018.
- Increases in CEOs holding leadership accountable for diversity results.