For most of modern history, the world of business has been dominated by a certain profile. Women, minorities, and those in the LGBTQ community have consistently been left out of industry and entrepreneurship.
In the last few decades, however, this narrative has slowly begun to change, with underrepresented communities breaking through the glass ceiling one by one and paving the way for others to follow suit.
Nowadays, current technology allows the modern-day, cultured professional to balance their work-life with their personal lives, providing them with opportunities for development and advancement like never before.
Does the glass ceiling still exist in 2021?
Yes, diversity and inclusion is still relevant!
While many areas of industry have made significant improvement, there is still much growth which can be made. On average, for every 100 men who are promoted to manager positions, only 72 women get promoted and hired, and for black women, the number goes down to 58, according to a 2020 study Women in the Workplace.
In a similar study by the National LGBT Survey, nearly 20 percent of all employees in the UK confessed that they did not feel comfortable being open in their workplaces.
And yet the situation continues to improve.
The number of women in C-level suite positions has increased over 10 percent in the last five years. Today, 87 percent of companies are highly committed to gender diversity, compared to just 56 percent in 2012.
A study published last year in the Journal of Business Ethics states that, in the US, anti-discriminatory policies prohibiting discrimination in the workplace based on sexual orientation and gender identity ultimately lead to higher firm performance. In 2019, the majority of new hires in the workforce belonged to minority groups.