Many organizations have long been engaged in efforts to make their workforces and communities more diverse, equitable, and inclusive. Following the murder of George Floyd in 2020, companies ramped up those efforts, and the world saw an unprecedented explosion of corporate diversity, equity, and inclusion (DEI) commitments.1 Since then, however, the pace of commitments has slowed, and business leaders, employees, and other stakeholders have expressed frustration with the lack of significant progress that well-intentioned leaders are making on their DEI pledges.2 For instance, there is still a lack of gender parity when it comes to workplace advancement. McKinsey’s 2022 Women in the Workplace research, conducted with LeanIn.Org, showed that for every 100 men who are promoted from entry-level to manager positions, only 87 women are promoted, and only 82 women of color are promoted.
