Although many efforts to boost women in business focus on meager numbers in the executive suite, a new study shows female workers are at a disadvantage from the first rung of the career ladder.
For every 100 women who are promoted from an entry-level position to manager, 130 men advance, says the study released Tuesday by LeanIn.org and McKinsey & Co. Women trail men at every step, but the gap is largest at the point when they first could move into leadership.
“Women are hitting the glass ceiling earlier than people realize,” said Rachel Thomas, president of LeanIn, a group founded by Facebook Chief Operating Officer Sheryl Sandberg. “Men are off to the races and women are starting to see hurdles right out of the gate.”
The study looked at employee pipelines at 132 companies and also surveyed 34,000 workers.
Women asked for promotions or raises slightly more frequently than men, and were more likely to be labeled “bossy” or “aggressive” when they did, the study found. Women also got less access to senior leaders than men, less advice on how to improve their work and fewer high-profile assignments.
The disparities are most pronounced for women of color, who make up 20 percent of the U.S. population but only 3 percent of C-suite positions. Although 78 percent of companies reported that gender diversity was a top 10 priority for their chief executives, up from about 56 percent in 2012, only 55 percent said racial diversity was a high priority.
— Bloomberg News
Tyson Foods is recalling 132,520 pounds of fully cooked chicken nuggets that may be contaminated with hard plastic.
The voluntary recall includes 5-pound bags of Panko nuggets sold at Costco locations around the country, Tyson said in a statement Tuesday.
Also included are a small number of 20-pound cases of nugget-shaped chicken-breast patty fritters with rib meat sold under the Spare Time brand to a wholesaler in Pennsylvania.
The recall was prompted by a “small number of consumers” telling Tyson that they found pieces of hard, white plastic in the nuggets.
— Bloomberg News
● U.S. home prices rose modestly in July, pulled up by strong gains in Portland, Ore., Seattle, and Denver, a private index said Tuesday. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index rose 5.1 percent in July from a year earlier after increasing 5 percent in June. Prices rose 12.4 percent in Portland, 11.2 percent in Seattle and 9.4 percent in Denver. The housing market has been helped by a strong job market and low mortgage rates.
● Facebook was ordered by Hamburg’s privacy watchdog to stop processing data of German users of WhatsApp, the chat service. Data protection commissioner Johannes Caspar ordered the social network to delete any data it already has. There is no legal basis for Facebook to use information, such as phone numbers, of WhatsApp customers, Caspar said Tuesday. Facebook must ask for users’ permission in advance before accessing that data, he said. Facebook said that it will appeal the order.
● Aetna will give some customers and employees discounts on Apple’s smartwatch. The health insurer, which covers about 23 million people in the United States, is developing apps for Apple devices that will help consumers remember to take their medicines, get a refill on prescriptions or contact a doctor. The applications, which will be available next year, will also help members understand their insurance benefits and use Apple’s Wallet feature to pay bills, Aetna said Tuesday in a statement with Apple. Aetna said its almost 50,000 employees will be eligible for the watch at no cost. It will be up to employers that contract with Aetna to decide whether their workers get the watch, and how or if it’s subsidized.
— From news services
● 8:30 a.m.: Commerce Department releases durable goods for August.
● 10 a.m.: Federal Reserve Chair Janet L. Yellen testifies before House Financial Services Committee about bank regulation.
— From news services