How to Succeed When the Career Ladder Breaks with Kweilin Ellingrud

Kweilin Ellingrud episode: 

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Kweilin Ellingrud is McKinsey's Chief Diversity Officer and a director of the McKinsey Global Institute, based in Minneapolis. As a senior partner at McKinsey, she has led research on the topics of gender equality, racial equity, generative AI, the future of work, and global competitiveness. She also serves clients in financial services across strategy and operational transformations. She is the co-author of THE BROKEN RUNG: When the Career Ladder Breaks for Women--and How They Can Succeed in Spite of It, with fellow McKinsey senior partners Lareina Yee and María del Mar Martínez.

Book Promo:

The broken rung is more pervasive than the glass ceiling in holding women back from career success. Three McKinsey senior partners offer strategies for overcoming it and fulfilling your potential.

Women around the world do extremely well when it comes to their education. They graduate at higher rates than men and have higher average GPAs. But then a strange thing happens: upon entering the workforce, they immediately lose their advantage. When the first promotions come around, the slide continues. For every 100 men promoted to manager, only 81 women overall and 77 women of color get promoted.

This is what McKinsey senior partners Kweilin Ellingrud, Lareina Yee, and María del Mar Martínez call "the broken rung," and its effects compound throughout women's careers, causing them to fall behind at the start and keeping them from catching up. In this groundbreaking book, the authors reveal the problem's underlying cause: while about half of a person's lifetime earnings come from education and half from work experience, men get more value from their experience than women do. It is also here, in one's work experience, that the solution lies: women need to build their "experience capital" to level the playing field and maximize their earning potential.

The book combines over a decade of research, personal conversations with more than fifty remarkable leaders, and the authors' own rich experiences as leaders at McKinsey. They weave data on the potential pitfalls with inspiring and instructive stories of women who have climbed over the broken rung using strategies that increased their experience capital.

Leaders and companies must do more to address gender inequalities in the workplace. But you don't have to wait. The Broken Rung is your guide, right now, for moving up the career ladder and reaching your full potential at work.

Questions or topics of discussion:

• What is the broken rung? How does it compare to the glass ceiling? 
• What is experience capital? How does it impact one's ability to advance in their career and increase their earnings? 
• What advice do you have for young women looking for their first entry level job? 
• You recommend making frequent job moves early in one's career to gain experience capital. Do you advise changing companies or roles within an organization? Why is it important? 
• You highlight the dangers of the broken rung to those in the first few years of their career, but you reveal it's never too late in one’s career to gain experience capital. How can women accelerate their well-established careers?
• How can women make motherhood an experience capital escalator? Why is it often seen as a career derail?
• What questions should women ask themselves to help accelerate their career and build experience capital?
• What do you hope readers take away from this book?

Social media:

https://www.linkedin.com/in/kweilinmellingrud/