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In most big companies, no Black or Indigenous women on track for top jobs: survey

In most big companies, no Black or Indigenous women on track for top jobs: survey
Business
SASKATOON -- No Black or Indigenous women are on track for executive roles in the many of the countrys biggest companies, according to the first national survey of its kind in Canada.

The new report found 89 per cent of organizations in Canada had zero Black women in the pipeline to the leadership level, and 91 per cent have zero Indigenous (First Nations, Inuit and Mtis) women. The study is unique because it examined those who report directly to executives and employees one level down, in addition to looking at those in mid-and lower levels.

When looking at companies on the Toronto Stock Exchange and other corporations that have to report racial data, the report found that the vast majority of organizations have zero Black, Indigenous and people of colour (BIPOC) at the leadership level.

The aptly titled Zero Report , which was put together by The Prosperity Project -- a new non-profit group created to help women whove been hit hard by the pandemic -- heard from 48 of the countrys largest companies, real estate firms, banks, telecoms and Crown corporations last year -- with 72 others failing to respond to the survey.

That zero in [this report] is really showing that they are missing a whole segment of potential. Basically ignored it, said one of the founding architects of the project, Ontario Liberal MPP Mitzie Hunter.

This is a call to action for Canadian corporations, she told CTVNews.ca in a phone interview on Thursday.

Although some other research suggests a gradual recent rise of female leaders landing that corner office, Hunter said theres been dismal progress from corporate Canada.

The 2021 Annual Report Card on Gender Diversity and Leadership: The Zero Report, co-presented by accounting giant KPMG, notes a direct link between more female leadership and stronger financial results.

Hunter, whos held a number of executive positions before jumping into politics, said if companies want to expand their market share they have to take full value of all the talent and capability in their workforce, especially racialized workers.

Pamela Jeffery, the founder of The Prosperity Project and the CEO of Womens Executive Network, said that zero figure showed it cant be worse. We have a long way to go.

We really wanted to shine a light on racialized women in this report to understand how they were doing, she told CTVNews.ca over the phone Thursday.

The report also found that between March 2019 and September 2020, the overall number of women on executive boards did rise by nearly four per cent. And the report deemed that a win considering how the pandemic has prompted .

Jeffrey noted the pandemic didnt, however, force women in top roles overall to make those hard choices to leave their jobs due to family commitments because they had the means to balance the two.

Among other positive figures in the report: the number of racialized women in womenboard, executive and pipeline roles had gone up from three per cent to 10.5 per cent, and the number of Indigenous women had inched up one and a half per cent to three per cent.

This is a good pace of growth it should be higher but now we have a baseline, Jeffrey said, hoping that growth continues when they check again in a year.

She said another somewhat positive figure is that 80 per cent of companies surveyed had at least one woman of colour making her way up the top level.

Thats the future, she said. For organizations to have much more diversity at the top, theyve got to have candidates who are being groomed.

But to do that requires action in the form of mentoring early on.

Although racialized women make up 22 per cent of Canadas population, the report found they comprise just 12 per cent of those in mid-level corporate positions.

A 2009 U.S. study found 62 per cent of women of colour surveyed reported that a lack of an influential mentor holds them back. And that need for mentorship is crucial as evidence suggests people who receive mentoring are more likely to be promoted.

Women are much less likely to have a sponsor within an organization and that all comes back to bias, Jeffrey said, urging more white leaders overall to resist their potential unconscious bias to mostly support those who come from similar cultures, schools or upbringing.

Both she and Hunter said its crucial for companies to invest in professional development programs, and having more top executives mentoring and advocating for female workers at all levels.

But without more white males -- who tend to populate the top levels -- mentoring and championing female colleagues, especially those of colour, Jeffrey said women will continue to be left behind.

Hunter agreed and said putting off change is not feasible any more.

Diverse people, Black women, Indigenous women are ready now. They are ready to lead now and they dont accept the excuse that we cant find any of these leaders.
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