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• | Express yourself. More companies are supporting the transgender community by encouraging employees to mention their pronouns, whether in emails or in person. The push by employers to share individual pronouns is similar to efforts to support workplace diversity and inclusion, particularly in the wake of George Floyd’s murder in 2020. But some executives warn that using pronouns alone could backfire if companies don’t also hire more transgender employees and make their workplaces more welcoming to transgender colleagues. [WSJ] | | | • | Strike a pose. Fashion and beauty companies are increasingly showing support for their transgender and nonbinary employees. Brands are including gender-neutral restrooms at corporate offices, offering gender-transitioning benefits, and selling gender-neutral designs and products. The fashion and beauty industry’s strong links to self-identity and gender expression uniquely position these companies to lead on transgender and nonbinary inclusion. [Vogue Business] | | | • | Why it matters. Being transgender today often means facing both stigma and increasing threats to one’s safety. Although corporate America has stepped up its public support of LGBTQ+ rights, it still has a long way to go to foster a truly inclusive environment for transgender employees. We find that a concerted effort to increase employment and wage equity for transgender people could boost annual consumer spending by $12 billion a year. | | | • | Show your true colors. According to our analysis, transgender adults face systemic barriers to employment, work performance, and career progression. Our report shows that in the US, transgender adults are twice as likely as cisgender adults to be unemployed. They also make less money than cisgender adults do, even when having similar or higher education levels. To learn what actions companies can take to help transgender colleagues thrive, see our research. | | | — Edited by Katherine Tam | This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. | You received this email because you subscribed to the On Point newsletter. | | Copyright © 2021 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007 | | | |
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