Diversity

Low Socioeconomic Background may Slow Career Advancement

Career advancement is one way to measure inclusion in an organization. In a five-year study of its employees, KPMG found that socioeconomic background was the strongest determinant of progression, stronger than gender, ethnicity, disability, and sexual orientation. The pdf report is available here. KPMG’s largest socioeconomic gap was in the average time to progress from Manager to Senior Manager. Employees raised in lower socioeconomic conditions took 19% longer to advance.