Professional Black Women Lack Sponsorship, Encouragement for Risk Taking at Work
Diversity and inclusion efforts have failed to translate into rewards and recognition for their risk investments, study finds
CHICAGO, May 18, 2011
CHICAGO, May 18, 2011 /PRNewswire/ — Black women are high risk takers, but support of feminist values and 40-plus years of diversity and inclusion efforts have failed to translate into the rewards and recognition they had expected for their risk investments, according to a new study by the League of Black Women.
Nearly half (49 percent) of respondents to the groundbreaking Risk and Reward Survey said they were behind where they had expected to be in their careers. The majority (64 percent) said "Not getting paid what I am worth" is the key barrier to their personal and professional well-being, followed by "lack of other Black women in positions of power" and "lack of resources and opportunities to pursue my goals."
The survey also found that Black women get the least encouragement for risk taking at work and in their communities; they feel the least freedom to take risk in matters of public policy.
The full report is available at http://events.leagueofblackwomen.org/wp-content/uploads/2011/05/Risk-and-Reward-Report1.pdf.
"Black women require workplaces where access to opportunity matches their global leadership ambitions," said Sandra Finley, President and CEO of LBW. "To confidently take risks, Black women need support from their loved ones, community and powerful sponsors who are willing and able to support their advancement. Black women will no longer be distracted by superficial inclusion cheerleading."
Key findings of the survey were published in the report, "Risk and Reward: Black Women Leading Out On a Limb," released Tuesday at the LBW's 8th annual global leadership conference, "Black Women 2011: New World Power … When Your World Is Not Enough," May 17-21 at the Innisbrook Resort and Golf Club in Tampa, FL.
The LBW developed the Risk and Reward Survey, the first to measure professional Black women's risk tolerance, with a team of researchers at DePaul University. The report includes recommendations for Black women about how to redefine risk strategy. It also calls on corporations to create environments that support risk taking and to immediately and deliberately diversify corporate boards. Currently, just 1.9 percent of corporate board seats are held by Black women, compared to 12 percent for white women.
SOURCE League of Black Women