Inequality is not new. It’s been an issue for a very long time. It’s a global issue; it’s a personal issue; and it’s very much a business issue.
Speaking about it is one step. Listening is another. Standing is yet another. Acting is the crucial step. And if anyone had any doubts: we now need crucial steps.
According to a survey conducted in late 2019 by the Center for Talent Innovation, 58% of black professionals have experienced racial prejudice at work – much more than any other racial or ethnic group.
Black workers account for only 8% of professional jobs, only 3% make it to executive level, and less than 1% of Fortune 500 CEOs are black. That’s four black CEOs in total and according to the Executive Leadership Council, none of them are in tech.
More than one in three black workers intend to leave their existing role within two years. Black workers are already thinking that – two years in advance.
Around 65% of black professionals say that black employees must work harder to attain the same advancements in their careers as white professionals. But only 16% of white professionals agree with that statement.
Only 40% of all professionals say their company has an effective D&I initiative and smaller companies – those with fewer than 100 employees – are better at delivering on belonging, trust, and respect.
A conversation has needed to happen for a very, very long time. That conversation is happening around the world now and like any good conversation needs some people to speak and others to listen.
Trust in government and media is at an all-time low. There is a role here for businesses to facilitate this discussion and to facilitate action.
This is a global responsibility, a business responsibility, my responsibility, and your responsibility. We stand to act together until we find a vaccine for racism, until no one would need to remind others, or shout from the rooftops that #BlackLivesMatter.
Below we have compiled a list of resources our team has been using to help facilitate that discussion.
CEO & Co-founder