Black executives say diverse hiring and promotion has been a focus since the murder of George Floyd, but corporate America has a long way to go: CNBC survey.
Three-quarters of Black executives surveyed by CNBC and the Executive Leadership Council say their companies made positive changes in hiring, retention and promotion of Black employees since the death of George Floyd.
People raise their fists as they march during an event in remembrance of George Floyd in Minneapolis, Minnesota, on May 23, 2021.The killing of George Floyd and the social justice movement that emerged was an eye-opening moment for many in the U.S., including the nation's top companies.
"The findings of CNBC's survey suggest that in the post-Floyd era, businesses are demonstrating an increased awareness of the significant opportunity gap faced by Black professionals," said Shundrawn Thomas, founder of investment firm. "While pockets of improvement are noted, the results reflect the sobering reality that translating pronouncements into progress demands a greater and sustained effort going forward.
Many companies increased representation of Black executives on the senior leadership team since 2020; 40% of respondents say performance on diversity, equity & inclusion goals are part of the compensation structure for members of the senior leadership team.
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