CMI and McKinsey Research on Diversity in the Workplace
Petra Wilton, director of strategy for the Chartered Management Institute – the professional body for managers and leaders – said:
As the latest research from McKinsey shows, a fully diverse workforce can give businesses the edge they need to thrive. Yet, many companies suffer from too little female and BAME representation, especially at the highest levels.
While women hold the majority of the most junior managerial roles, (66 per cent) according to our latest research, they are still only hold 25 per cent of the top senior roles across the over 400 organisations we surveyed. Meanwhile, despite BAME representation in the wider population being at 12.5%, a startlingly low 6% of those reaching the top of organisations are from a BAME background.
Despite the fact that more than £150bn could be contributed to the UK economy with full gender and BAME representation, too many leaders have been silent on gender, race and ethnicity. It's time for change.
The first step is to render these pay discrepancies more obvious through reporting. As the gender pay gap reporting deadline approaches, let's make 2018 the year for diversity: for workers to call out, challenge and change the everyday behaviours at work that hold back progress.
- Ends -
For further information, interviews or case studies please contact:
Notes to editors
The Chartered Management Institute (CMI) is the only chartered professional body for management and leaderships, dedicated to improving managers' skills and growing the number of qualified managers.
Our professional management qualifications span GCSE to PhD equivalents, including the unique Chartered Manager award, which increases earning potential and improves workplace performance. We have been registered as an apprentice assessment organisation by the Skills Funding Agency.
CMI has led the way in developing a suite of trailblazing management apprenticeships with a 40-strong group of employers. These start from Level 3 (team leader) and Level 5 (operations manager) through to Chartered Manager Degree Apprenticeship. The Senior Leader Master's Degree Apprenticeship gives employers the option to upskill up to executive and C-suite level. CMI is a Skills Funding Agency-registered apprentice assessment organisation.
We provide employers and individual managers with access to the latest management thinking and with practical online support that helps them to embrace change, create high-performing teams and keep ahead of the curve.
With a member community of more than 157,000 managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers to build their expertise through online networks, regional events and mentoring opportunities.