Illuminating The Gaps That Threaten Diversity - Part 1: The Sticky Floor Challenges Holding Women Back as They Seek Advancement

The “glass ceiling” gets a lot of attention, but it’s also important to mind the “sticky floor” – the forces keeping women from advancing at the same rate as male counterparts in the retirement industry. Women have yet to reach parity with men across leadership positions, though entrylevel workers are almost equally balanced between women and men. Women have gained share in leadership roles in recent years, but only on the order of 1 to 5% between 2015 and 2020, according to recent research from consulting firm McKinsey. Overall, their representation in leadership remains low. Only 30% of VP positions are held by women and less than 25% of C-suite jobs.