75 percent of Black executives see progress since George Floyd death

Washington, Jun 19 (Prensa Latina) 75% of Black executives said their companies made positive changes in hiring, retention and promotion of Black employees since the death of George Floy, according to a CNBC survey.

June 19, 2023
17:23

The survey, carried out by CNBC in partnership with the Executive Leadership Council, found that as many Black executives say organizational treatment of Black employees has remained the same (43%) or worsened (9%) since 2020, as those who say it has improved (48%).

Even more (80%) said their company has provided more support and attention to employee resource groups.

The vast majority of respondents (88%) indicate their companies did make a commitment to DEI in 2020 after George Floyd’s murder, and that commitment is starting to be reflected at the executive level.

Many companies (41%) increased representation of Black executives on the senior leadership team since 2020; 40% of respondents say performance on diversity, equity & inclusion (DEI) goals are part of the compensation structure for members of the senior leadership team.

But even at the highest levels of management, nearly one-quarter (23%) of these leaders say they do not feel that they are equitably compensated relative to peers. And nearly two-thirds of respondents said Black employees were underrepresented in upper management at their organization, with only about one-quarter describing equal representation, and about 10% indicating Black representation is higher. More than 20% of respondents said there was no Black representation in leadership.

pll/ro/adr