Check out this article from SRHM on challenges Black workers are facing, despite employment advances. "As the U.S. celebrates Black History Month in February, recent research shows that more Black individuals are making significant strides in their careers. Black professionals are earning college degrees at much higher rates than they did two decades ago, are starting more businesses and are landing jobs at record numbers. Further, the employment gap between white and Black individuals has shrunk considerably in recent years. However, a December report by McKinsey & Company predicts that the burgeoning use of generative artificial intelligence (GenAI) in the workplace could widen the racial wealth gap between Black and white households by $43 billion annually by 2045, with Black workers also facing a higher risk of job loss due to this technology. " https://buff.ly/3UsgW51
Jeremy York, SHRM-SCP, SPHR’s Post
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Studies conducted with U.S. professionals and reported by SHRM found that our roads continue to diverge. For instance, writing for SHRM, Lisa Rabasca Roepe says that “more than two-thirds of Black HR professionals in the U.S. believe their organizations aren’t providing enough opportunities for Black employees.” The discrepancy in driving experiences, regardless of their occupying the same road, has many marginalized groups looking for the offramp. Citing a study conducted by Coqual, SHRM reports that turnover rates are notably higher among Black professionals, with 35 percent intending to leave their companies within two years compared to 27 percent for white professionals. SHRM also reports that while 15 percent of white professionals have experienced racial prejudice at work, nearly four times that number—58 percent—of Black professionals report the same.
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Despite Employment Gains, Black Workers Now Face a New Challenge 2/5/2024 | “As the U.S. celebrates Black History Month in February, recent research shows that more Black individuals are making significant strides in their careers. Black professionals are earning college degrees at much higher rates than they did two decades ago, are starting more businesses and are landing jobs at record numbers. Further, the employment gap between white and Black individuals has shrunk considerably in recent years. However, a December report by McKinsey & Company predicts that the burgeoning use of generative artificial intelligence (GenAI) in the workplace could widen the racial wealth gap between Black and white households by $43 billion annually by 2045, with Black workers also facing a higher risk of job loss due to this technology. “As often happens, the advent of a new technology can create or exacerbate divides, including the racial wealth gap,” the report said. “One of the most pressing questions about [GenAI] is how it will affect workers and, specifically, workers of color.” For more detail read, please visit SHRM @https://lnkd.in/gKxQGtwK
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Creating an Organizational Culture That’s More Inclusive for Black Employees, by Adia Harvey Wingfield: “Organizational culture is a critical part of how companies set norms, values, and expectations. Researchers are now starting to consider how aspects of that culture can function in ways that make it difficult for Black employees to thrive. Sociologist Victor Ray has argued that organizations are structured so that resources, credentials, and rewards maintain racial imbalances. This has implications in medicine, law, business, and other fields, often leaving Black workers marginalized, facing high bars to advancement, or being pushed out altogether. It is also a key aspect of what I refer to as the “gray areas” of work — the social, cultural, and relational dynamics of work that perpetuate racial inequality.”
Creating an Organizational Culture That’s More Inclusive for Black Employees
hbr.org
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According to our most recent research, of the 16 million Black workers active in the U.S. labor market, 10 million are STARs – 62% of all Black workers and 7% of the overall workforce. Employers cannot find the diverse talent they need to meet emerging market needs without taking account of Black STARs. See our research, "Spotlight on Black STARs: Insights for Employers to Access the Skilled and Diverse Talent They’ve Been Missing." https://lnkd.in/etTWvZgR #HireSTARs #BlackHistoryMonth
Spotlight on Black STARs: Insights for Employers to Access the Skilled and Diverse Talent They've Been Missing
opportunityatwork.org
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Black History Month: Go Beyond Ticking a Box- Black employees need year-round support to grow professionally "Octavia Goredema, a Los Angeles-based author and career coach, provides tips to employers each year during Black History Month to equip them with the necessary tools to better support Black workers' careers.But these organizations don't always implement her suggestions. "It's really frustrating when you see companies who just want to tick a box for Black History Month but are not prepared to invest in the advancement of their Black employees throughout the rest of the year," she said. "Often, those employees reach out to me directly because they are prepared to pay for leadership development coaching at their own expense." Each February, employers nationwide release statements or post inspirational quotes from Black civil rights icons on social media. However, many organizations fail to help Black workers develop their careers once the month is over." https://lnkd.in/gfC2kMas #shrm #morriscountyshrm #morriscountynj #hr #humanresources #hrprofessional #humanresourcesprofessional #hrcommunity #blackhistorymonth #blackhistorymonth2024
Black History Month: Go Beyond Ticking a Box
shrm.org
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A McKinsey & Co. report estimates it will take 95 years for Black employees to achieve “talent parity” (12% representation) in the private sector. Currently, Black workers are paid 4% less and are often placed in lower-level roles. Talent Infusion is changing this by connecting diverse talent with top employers, bridging the gap in representation and pay to create a more equitable future. Go to https://bit.ly/3Vkc4xY to learn how!
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Came across a report from McKinsey on the Black experience at work. Sharing it as it aligns with our commitment to enhancing workplace dynamics through understanding and inclusivity. https://lnkd.in/gdfZixr 🔑Key Findings: - Representation Matters: McKinsey's article underscores the critical need for increased representation of Black professionals at all levels of organizations. - Impact on Performance: The data reveals a direct correlation between diverse leadership and financial outperformance, reinforcing the importance of fostering inclusive workplaces. -Strategic Necessity: For organizations aspiring to enhance culture and performance, recognizing and tackling the Black experience is crucial.
The Black experience at work in charts
mckinsey.com
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EMPLOYERS > Check out this great article on why we need to support professional growth for Black employees throughout the entire year - not just during Black History Month. LINK > https://lnkd.in/eRYK-65C LINK > https://lnkd.in/gfC2kMas #carnegiemellon #blackhistorymonth #careersupport #professionalgrowth
Black History Month: Go Beyond Ticking a Box
shrm.org
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On this Labor Day, we celebrate the hard work and resilience of all American workers. As we honor this day, let’s also recognize the unique challenges faced by Black Americans in the workforce. From overcoming systemic barriers to striving for fair wages and equal opportunities, the contributions of Black workers have been pivotal in shaping our nation’s history and future. Let’s continue to push for justice, equity, and fair treatment for all. #BalancingTheScalesOfJustice #LegalDreamsAndHarmonies
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There are more than 70 million STARS–workers who are Skilled Through Alternative Routes, rather than through a bachelor’s degree–in the U.S. This includes 10 million Black STARS, who make up 62% of all Black workers and 7% of the overall workforce. Black STARS have skills that position them for higher-wage work, yet they continue to be overrepresented in jobs with low wages, showing the need to build and broaden the pathways to jobs with family-sustaining wages for Black STARS. Learn more about Black STARS from Irvine partner Opportunity@Work: https://lnkd.in/dgzY6Kc
Spotlight on Black STARs: Insights for Employers to Access the Skilled and Diverse Talent They've Been Missing
opportunityatwork.org
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