Tag Archive for: Black women leaders

Beyond Kamala Harris: Elevating More Black Women to Leadership

Kamala HarrisNow that U.S. Vice President Kamala Harris’ election represented a milestone for women, black women and Asian-American women alike, let’s call for momentum.

Because if organizations are not focusing on elevating significantly more black women to leadership positions, they are likely failing to do so.

Black women face compounded discrimination in the workplace with intersecting gender and racial identities—so while among the fasting-growing entrepreneurs, at least pre-pandemic, black women still struggle to pierce corporate leadership’s glass ceiling.

For how much longer will a lack of diversity results continue to reflect corporate commitment to holding onto homogeneousness in leadership?

The Conversation Is Finally Happening, But It Can’t Stop There

Former Senator Kamala Harris, a black woman and woman of Asian descent, broke new ground as the first woman to become U.S. Vice President. Though highly visible for all in the spirit of “if you can see it, you can be it”, a real shift will be evidenced when she is not an exception, and black women are prominent in influential leadership.

While the sociocultural conversation of 2020 focused on Black Lives Matter, the C-Suite conversation is arriving to the reality that black leadership matters—inducing financial and reputation-based reverberations for companies that continue to fail to move diversity beyond lip-service to a quantifiable reality.

In a commitment to accelerate efforts towards racial justice and equality, McKinsey Academy launched the Black Leadership Academy, with a Management Accelerator program and a Black Executive Leadership Program, to support progression to both senior leadership and C-Suite roles.

Several companies—such as Amazon, Uber, Microsoft, Salesforce, Facebook, Apple, and Google—vowed to significantly increase investment in black leadership and diversity, as well as made tangible commitments to % increases in representation.

Black Women Face Specific Challenges at Work

When we only talk about “women leaders” or “black leaders”, we are missing the point that black women are often sidelined in either discussion—either white women or black men often become the feature players.

Lean In released a report called “The State of Black Women in Corporate America,” which details the challenges and obstacles that black women specifically face—these, in effect, include underrepresentation, lack of support and access, day-to-day discrimination and unrealized, discouraged ambition.

Underrepresented and Undermined

75% of black women identify as ambitious towards their career, while 40% seek to attain a management position within the next five years. But while 37 women lead Fortune 500 firms, none are black, and while 21% of C-Suite leaders are women, only 1% are black women.

Less than 1% of Fortune 500 CEOs are black, with a total of only 18 Black CEOS across the past two decades—Ursula Burns was the only woman among them.

Whereas black women make up 7.4% of the U.S. population, they hold only 1.6% of VP positions and 1.4% of C-Suite positions. White men, however, make up only 35% of the U.S. population and dominate 57% of VP positions and 68% of C-Suite positions.

For every 100 men hired into manager roles, only 64 black women are. Black women request promotions at the same rate as men, but for every 100 men promoted to manager, only 58 black women are.

“The culture of promotion can also exclude qualified black candidates,” writes Jeanne Sahadi, “who may not be part of the social networks that board members and CEOs often use to vet a candidate.”

Black women are both the most educated and the fastest-growing group of entrepreneurs in the U.S., owning 21% of all women-owned businesses and with above average growth rate.

However, between 2009-2018, less than .0006% of venture capital went towards black women-led startups. And black women still earn 62 cents for every dollar earned by white men, compared to 82 cents on average for women.

Not only are black women underrepresented, but when they overcome obstacles to achieve success, their accomplishments are often attributed to external factors. This undermines recognizing black women for their talent, competency, hard work and hard-earned credit of their successes.

Less Support and Access to Leadership

Lean In points out that in a survey of U.S. law firm employees, “62% of women of color with some level of mentorship said the lack of an influential mentor was a barrier to their advancement; only 30% of white men said the same.”

Only 24% of black women say they have the sponsorship needed to advance their career, compared to 30% of women and 33% of men. Black women are less likely to feel their managers help navigate organizational politics, advocate for opportunities for them, or provide opportunities to showcase their work—with affinity bias likely playing a big role. Also, while 80% of white women and men see themselves as allies, less than half of black women feel they have strong allies behind them.

Meanwhile, employees with steady manager support are both more likely to be promoted and to believe they have the same opportunity to be promoted.

When it comes to leadership access, black women are least like to have a substantive interaction with a senior leader—41% never have, versus 27% for all men and 33% for all women. An even greater gap exists with casual interactions with a senior leader—59% never have, versus 40% for all men and 49% for all women.

Perhaps it’s no surprise that research has shown the attrition rate of black professionals in general is higher, with a third intending to leave their company within two years.

Emotional Tax of Daily Discrimination

Between the regular experience of microaggressions and often being the “only” black women in the room, black women pay a lot of emotional tax in the workplace.

“I learned at an early age to silence myself when it came to race, and it was at the expense of my own well-being,” says Minda Harts, CEO and founder of The Memo LLC, a career development company for women of color—as well as author of The Memo: What Women of Color Need to Know To Secure a Seat at the Table, who now encourages women to speak about these inequalities.

Lean In reports that black women are more likely to have to provide more evidence of their competence (40%, versus 30% of all women). And while one in ten white women have the experience of someone expressing surprise about their language skills or abilities, one in four black women suffer this microaggression. Women who regularly experience microaggressions think about leaving their job three times as much.

54% of black women often experience being the “only” one of their racial gender identity in the room. Black women who have this “only” experience are more likely to feel closely watched than other women in that circumstance (41% vs. 23% of all women, 10% of white women), on guard (40% vs. 25% of all women, 15% of white women) and pressured to perform (49% vs. 32% of all women, 11% of white women).

Not only that, but black women who are the “only” one are way more likely to feel their personal actions reflect on others like them (50% vs. 30% of all women, 9% of white women), aware they are seen as representatives of their race and gender.

“You have an added burden to succeed,” testified Mary Winston, formerly interim CEO of Bed, Bath and Beyond. “If you don’t, you know there won’t be another one like you for many years to come.”

Unrealized, Discouraged Ambition

Black women are earning more degrees than any other group and are as likely as white men (more likely than white women) to be interested in top executive positions, with increased desire to positively influence company culture and be a role model.

This very willingness to lead can work against black women in a double bind of the communal expectations of women, so that they suffer an ambition penalty.

Over the last 40 years, only 13% of black women Harvard MBAs have reached the most senior executive ranks, whereas 40% of non-African-American Harvard MBAs have.

Black professionals of any gender who do reach the C-Suite are rarely given the roles with high advancement potential, such as profit-and-loss positions, and more likely to be placed in marketing, human resources and administration.

The other reality is that those in power are less likely to validate the issue: a Boston Consulting Group survey indicated that while 43% of black colleagues observed obstacles to advance for people of color in their workplace, only 19% of white men above 45 years felt those obstacles existed.

Organizational Action to Support Black Women To Leadership

The Lean In authors suggest three key actions for companies to address obstacles to leadership for black women—in effect, make the advancement of black women a priority, address bias in both hiring and promotions and create an inclusive workspace.

Make Supporting Black Women a Specific Objective

As black women represent both racial and gender diversity amidst the false construct of default white male leadership, they often fall through the gaps, so the commitment to advancing black women in particular must be intentional.

Supporting black women to advance requires specific and measurable targets— in the consideration pool, in hiring and in promotion, in succession and in retention, but also in mentorship and sponsorship.

The progress against these measures should be visible and diversity targets attached to accountability in performance reviews and financial reward.

Reducing Bias in Hiring and Promotions

Diversity needs to begin with having black women (not just one black woman) represented in the pool of candidacy, as research has shown that a woman, or a black woman, has zero statistical chance of being hired if alone in a pool of finalists.

Beyond insidious bias awareness is training and tools to mitigate that bias, objective checks throughout the process (eg anonymous resume review), and use of technologies that provide truth-telling data and remove levels of bias to level the playing field.

Inclusive Workplace

Finally, organizations need to intentionally cultivate more inclusive workplaces, that reduce the emotional tax for black women, while providing the same casual support and access others receive.

This includes real guidelines to inclusive culture as well as training on anti-racism and allyship beyond affinity bias. It also means reducing the “only” experience for black women so it’s no longer the norm, and addressing the casual and nuanced ways that black women still fail to be invited into network and leadership access.

The conversation of black leadership, and particularly black women leadership, is now glaringly open and on the table. The question is which organizations will carry the talk through to character and action, until our leadership actually fully embodies the results of that commitment.

By Aimee Hansen

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Voice of Experience: Valerie S. Peters, CTFA®, Senior Vice President and Head of Relationship Services; Abbot Downing

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“When I entered the corporate world over 20 years ago, I believed that it was possible to achieve anything with hard work and discipline, and I still believe those are key ingredients to success,” says Valerie Peters, who serves as operations leader for Abbot Downing, a Wells Fargo business serving ultra-high-net-worth clients.

Her career path has proven the value of focusing on a goal….and working to achieve it.

Each Experience Leads One Step Closer to Career Goals

Peters started her career in retail banking as a customer service phone representative and then transferred to the commercial real estate division, where she was selected for the management trainee program. She immediately felt drawn to the wealth management arena during a rotation in the trust area, and with that eventual role in mind, she began looking for opportunities that would help her build the skills she needed.

She took a role managing a team of client service professionals supporting wealth management clients with their banking, investment and fiduciary servicing needs; from there, she moved on to become a manager within a trust center and eventually transferred to the division that served ultra-high-net worth clients. Her time working in client-facing, trust services and operational roles were each stepping stones that helped prepare her for her current position as operations leader for Abbot Downing.

In her quest for continuing education, Peters counts achieving her designation as a CTFA (Certified Trust and Financial Advisor) several years ago as one of her proudest moments. “I had spent several years working in the fiduciary area, and earning the CTFA was a culmination of the time I spent gaining work experience, as well as obtaining knowledge through the various trust school programs I have been fortunate enough to attend,” she says.

Sponsors and Mentors as a Key Ingredient to Success

Along the way, Peters has found that sponsors and mentors are crucial and has appreciated the support they have given. She has also looked externally to find role models to emulate; one of her personal role models is Ursula Burns, who came from modest beginnings to become the first African-American woman to lead a Fortune 500 company. “I have long been inspired by her hard work and dedication,” Peters says, citing her strong work ethic and commitment to learning the ins and outs of business through a variety of roles.

Over the years, Peters has participated in a number of programs geared towards retaining diverse talent, including women, naming the Diverse Leaders Program as one of the most impactful. “The whole time I participated in the program, I felt that I was valued not only for what I do within the organization, but also for who I am and how the perspectives and insights gained through life experience shape my thoughts, ideas and values,” she says.

When Peters is away from work, she values time spent with her family—a favorite escape is spending time at the beach unwinding and enjoying the ocean. “We try and get away as often as possible when the kids are on break from school,” she says.

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Mover and Shaker: Jeanelle Johnson, Director, Deals – Valuations, PwC US

Jeanelle JohnsonFor PwC’s Jeanelle Johnson, it’s the experiences gained from taking on new challenges and living overseas which have made her career path so rewarding.

Having the right people around her was key to making it happen.

“Finding your people is extremely important in feeling like you belong, and sometimes you have to be strategic to find them,” she explains. For her, finding sponsors has been pivotal in helping her advance, both to understand the professional landscape and the unwritten rules.

Creating a Career on Her Own Terms

Johnson started in a different career path than most of her counterparts in the consulting world; she began at a family-owned business in the financial services industry where she examined trading by company executives and wrote articles for mutual fund companies. She decided to earn her MBA—working full-time, while pursuing classwork part-time on the evenings and weekends.

While participating in on-campus recruiting, she interviewed with an investment firm in Baltimore for an investment banking role and started as an Associate, only to find out a month later the group was being sold. Johnson was getting married at the time so she took a pause to reflect on what she wanted in her future career.

Earlier in her career, Johnson had been exposed to Big 4 firms, which she was surprised to learn did more than just accounting—but also valuations and M&A transactions, which is what she had enjoyed most when she worked in investment banking. She had also been intrigued by their reputation among her peers and in the media, such as in Working Mother magazine, as a place where she could enjoy a challenging work environment, but also be able to carve out the time she needed to start a family.

Johnson joined a Big 4 firm in 2006 and worked there until August 2015, appreciating the flexibility they offered her—first working remotely from California while her husband completed a graduate degree; then working from home most of the week when her first child was born; and finally offering her a transfer to the London office to accompany her husband who had been offered an opportunity there—a stint that was supposed to be a year and ended up being more than five.

When they moved back, she and her husband decided it was best for the family to focus on her career, and he became the primary parent. Johnson was looking for a firm that was supportive of developing people like her into partners, and the recruiter who had hired her at her prior firm was then at PwC so she pursued an offer there. “I was offered a position that started in March, but I told them that I could not start until August, and they were willing to wait,” Johnson says, which confirmed she had found the right place. They moved to New York for two years and then returned to Washington D.C. in July 2017, which she says has been wonderful both personally and professionally.

And, she says, that’s the professional achievement she is most proud of so far…the ability to pivot to whatever opportunities she was offered, rather than just following a straight line.

Finding Role Models—And Acting as One

Johnson says she admires people who demonstrate grit and resilience, and who don’t let anyone see them sweat—even when they are. “Maintaining that calm, level head imbues confidence to everyone, while also being open and approachable—those are qualities I try to emulate,” she says.

As one of the senior women in her practice group, she is proud to take part in diversity and inclusion initiatives that help promote the idea that it is possible to have both a successful career and family, especially as an underrepresented, minority woman. “Much of the corporate world was not designed by us or for us, so being visible allows younger people to see what they can accomplish,” she says.

Recently, Johnson joined the board of directors for a charter school in D.C. as another way to share her professional acumen.

With two children ages six and 10, she appreciates the opportunities that were presented by living overseas. “It provides you with such an interesting frame of reference; we traveled extensively, and my daughter has visited 18 countries…she’s drummed on the streets of Istanbul and been in a backpack in Marrakech markets.”

“Traveling gives you a broader view of the world, and I am passionate about instilling that in my children. If you stick to what you know, you may never see what is possible.”

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Calling all African American Women Professionals – Visibility Matters

diversity-black-women-all-the-same

We believe visibility matters.

On the Eve of the Martin Luther King Junior Holiday, we wanted to put out a call for more amazing African American women to be profiled as part of Black History Month coming up in February.
If you are a black female professional or are a woman of color in financial services, tech, law of Fortune 1000 we want to hear from you.
We profile all types of people all year long so it is really Black History Month is a heritage celebration and we are totally cognizant around how a person chooses to identify as opposed to identities that we put upon people.
Language matters and we know that not every person of color identifies as ‘African American’ whether its an inaccurate mantel or just a choice, we want to tell stories that honor how you relate to your heritage ( if at all).
The latest trend is to consider people of color as ‘multicultural’ which is true for some people but not all and I believe it is a disservice to use catch all slogans and buzzwords that in the US are implicitly drawn along racial lines only. I have lived in 5 countries and grew up in a split identity nation ( Northern Ireland) yet am I considered multicultural? Yet again, a term that is not evenly applied can be equally helpful and yet a silo since it buries the real conversations that need to be had, in my opinion.
You, according to you, versus you according to them and the perceptual gap of who you are in actuality as opposed to who others believe you to be is everything.
All of us have been a recipient of stereotyping at some point and it is annoying and inaccurate to say the least and is shown to be detrimental to your career if you cannot individuate yourself beyond what people think you are due to your ethnicity, skin tone, gender, LGBT status etc.
We would love to tell your story, give you visibility and inspire others coming up the ranks with your personal pathway to professional success.
Happy MLK day- celebrate history, his legacy and beyond that, think about how your actions can contribute to progress, equality and equity among people.
Email Nicki@theglasshammer.com if you are interested in having your career profiled
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Black Women Leaders in Business: Will Recent Losses Wake Us Up?

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black women leaders featuredBy Aimee Hansen

Across the past twelve months, four African-American leaders have stepped down from positions of high visibility in the business and political world.

What’s most striking about these few departures is the size of the gap created by them, highlighting an African-American representation among women in leadership that remains far too small and a diversity movement that remains far too narrow.

The large gap left by losing a few powerful African-American leaders is a wake-up call to widen our diversity, not just in intention but in individual practice and in outcome.

Losing Power Players

This year’s Fortune’s Most Powerful Women 2016 continued to feature Rosalind Brewer (#19 – CEO and President, Sam’s Club and Walmart), Anne-Marie Campbell (#20 – EVP, U.S Stores, Home Depot), and Ursula Burns (#25 – CEO and Chairman of Xerox), with Beyoncé displacing Taylor Swift (#51).

But the 2017 list will look different. Last May, Ursula Burns, the first and only African-American women to run a S&P 500 company, announced that she would step down from her CEO position after splitting Xerox into two companies. After Rosalind Brewer’s recent retirement news, black women – already scarce – will now be absent from the helm of major U.S. companies.

Meanwhile, former FLOTUS Michelle Obama has left the high profile visibility of the White House (although her voice may well remain in the spotlight) and Loretta Lynch has ended her term as the U.S. Attorney General.

These four women (Obama, Lynch, Brewer, and Burns) accounted for over 50% of the African-American names on Forbe’s World’s 100 Most Powerful Women 2016.

Losing four black women from highly visible, influential leadership positions wouldn’t be so striking except – in the context of so few peers in positions of power – it simply is.

Monolithic Diversity

The percentage of women CEOS among Fortune 500 companies dropped to only 4.2% in 2016 (from 24 to 21), which is a hit for all women. The near absence of minorities amidst that 4% testifies that diversity’s approach to advancing women remains very monolithic.

Black women remain caught in the blind spot of intersectionality, and while naming the problem helps, it does not address it. As Melinda Marshall and Tai Wingfield, authors of “Ambition in Black & White: The Feminist Narrative Revised,“ write in the Harvard Business Review, “At the intersections of race and gender, both then and now, black women have labored unseen, even to those lobbying for their advancement.”

As a recent AAUW report highlights, “the specific ways in which they (black women leaders) are disadvantaged clearly differs from the better-understood ways that white women leaders are dis-advantaged.”

The diversity movement falls short of advancing women when we too often ignore the rich diversity of needs, realities, and challenges experienced by different women, and work to address them.

Intersectional Barriers

As research has shown, black women are (three times) more likely to aspire to leadership roles than white women and half as likely to attain one.

As summed up by a 2016 report in the Journal of Business Studies Quarterly, some of the myriad of factors holding African-American women back from the C-Suite include dual bias at the intersection of race and gender (a net that affects everything else), the impact of stereotypes on perceptions (as an example, African-American women are often perceived as aggressive in communication), a lack of career opportunities to showcase skills, having to prove competency more than colleagues, a lack of strategic feedback, workplace isolation and ‘outsider’ status.

The Biggest Barrier is Social Exclusion

But one of the strongest barriers for black women is the lack of access to powerful social networking with influential senior executive leaders, which requires a certain level of ‘insider’ status.

According to Wingfield and Marshall in HBR, black women “have mentors and strong support networks but lack sponsors—leaders who will talk them up behind closed doors, steer plum assignments their way, and defend them against detractors.”

Black Women Executives Research Initiative Revisited by the Executive Leadership Council, the first longitudinal study of black women executives (BWEs) in corporate America (2007 and 2015), gleamed insights into both the challenges and experiences of 59 senior leaders across the eight year period.

The importance of creating and maintaining sponsorship relationships, and building a network of allies, was emphasized by BWEs.

As one interviewee said, “I believe you almost have to have somebody in the room where the conversation is happening that says, ‘this is the person who can make the contributions and be valuable.’ If you don’t have that it’s very hard.”

Research by Catalyst has demonstrated how black women and men who experience a heightened sense of “being different” based on their race/ethnicity within the workplace suffer an “Emotional Tax” that can include impaired sleep, a sense of always being on guard, speaking up less, reduced innovation and creativity, and feeling less psychologically safe in contributing their own voice at work.

However, a sense of inclusion reduces the Emotional Tax, and increases psychological safety, such as feeling leaders and team members ‘have your back’, that mistakes won’t be held against you, and that co-workers are not going to try to undermine your efforts – in other words, a corporate environment in which anyone can feel comfortable in taking risks, not just the majority.

Absence from networks also affects black women entrepreneurs. Despite the fact that African-American women are the fastest growing group of entrepreneurs, their endeavors tend to lack major investment backing or significant outsider funding.

Strategic Career Management

The Executive Leadership Council report also found that 27% of BWEs had advanced in their careers (since 2007), and over 60% did so while in Profit & Loss roles. Yet 46% of BWEs left their companies to start their own business or moved to a different company, sometimes losing ground.

In-depth interviews revealed four factors that were most influential in career developments for these leaders: 1) alignment of values, 2) agility and re-purposement, 3) sponsorship, and 4) relationship-building as politics.

The primary reason for satisfaction among BWEs in their work was alignment of values on an industry, corporate culture, positional or interpersonal level – and the primary reason for dis-satisfaction, and hence job movement, was a deterioration of alignment.

A key career strategy for BWEs, referred to as agility and repurposement, was an ability to move rapidly between challenges to foster “continuous learning, cross-functional, boundary-spanning work and intentional, if not always planned, career expansion.”

Many successful BWEs were keen to take assignments, even adjacent opportunities and glass-cliff appointments, that ultimately advanced their learning, broadened their expertise, and gained visibility and network connections.

Disrupting the Silos In Business & Diversity

As written in HBR, leadership which aims for real diversity must purposely disrupt silos in the workplace, creating more opportunities for intersectional visibility.

As Wingfield and Marshall write, “Leaders must create a culture in which people at the intersections of functional or affinity identities have equal access to their attention or equal opportunity to earn it.”

And as champions of diversity, we must disrupt the insidious silos that exist within the diversity movement and within. For each non-minority woman in a place of leadership, we can ask if we are doing our part in including African-American women in social networks and enabling opportunities for visibility?

Are we checking our own relative privilege and our own blindspots? As much as we want equality, are we practicing it within the power and influence we hold?

While theglasshammer is putting a focus on African-American women in leadership during February’s Black History Month coverage, minority women are living the lesser-understood intersectional challenges every single day, and we must make a daily practice of staying awake to that.

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