Kweilin Ellingrud

1 month ago | time.com | Kweilin Ellingrud |Lareina Yee

In 1978, a human resources executive named Marilyn Loden participated in a panel discussion at the Women’s Exposition in New York City about women’s career ambitions. While much of the conversation revolved around the behavioral changes that women should make in order to succeed, Marilyn argued instead that the real issue was the structural barriers keeping them from the top. She stated that there was an “invisible glass ceiling” standing in the way of their aspirations and opportunities.

1 month ago | mckinsey.com | Kweilin Ellingrud

The bad news for women is that the gender pay gap is still with us. Among full-time workers in the U.S., women make around 84 cents for each dollar that men make. When we include part-time and seasonal workers, the pay gap widens to the point that women are receiving just 73 cents on the dollar that a man makes, on average. Over the course of a 30-year career, that difference adds up to about half a million dollars in lower earnings for a working American woman.

1 month ago | mckinsey.com | Kweilin Ellingrud |Kevin Russell

McKinsey Global Institute (MGI) found that as of 2020, about 61% of the global population were unable to pay for their basic daily needs and begin to save. Building on the work of development economists, we established the “empowerment line” to measure progress towards a world where everyone’s essential needs are met. Higher than the international poverty line, the empowerment line varies greatly from country to country.

1 month ago | community.thriveglobal.com | Kweilin Ellingrud |Lareina Yee

The truth is that soft skills will only grow in value as you progress throughout your career. This is true for two reasons: First, soft skills are going to be more valuable in the future for workers at all levels. Second, they are required for managerial roles and advancing in your career. Let’s look at both reasons in more depth. After technology, soft skills are going to be the most critical growing skill category in the future, which is part of an ongoing trend.

1 month ago | forbes.com | Kweilin Ellingrud

Women outpace men in education around the world. They graduate at higher rates and have higher average GPAs. However, despite these successes, women lose their advantage when entering the workforce. For every 100 men who are promoted to the first step up to manager, only 81 women get the same opportunity. This phenomenon causes women to fall behind early on, making it difficult to ever catch up.