"Half (51%) of the executive positions (vice president and above) in the U.S. are women. Globally, it's 48%. Women also make up nearly half of the board and 50% of CEO Tony Capuano's direct reports. That's in stark contrast with the market average. Per McKinsey's 2024 "Women in the Workplace" report, women hold just 29% of C-suite roles and 34% of vice president positions. The Conference Board found that women accounted for only 29% of board seats at the Russell 3000 as of 2024."
"That's why career development conversations play such a crucial role. At Marriott, leaders are expected to regularly talk to their direct reports, as part of their annual performance review cycle, about their career aspirations and how they can achieve their goals. Within these conversations, a subtle shift has been a game-changer - what Edmond describes as a move from mentorship to "career acceleration.""
Marriott has reached near gender parity in senior roles, with 51% of U.S. executive positions held by women, 48% globally, nearly half of the board, and 50% of CEO Tony Capuano's direct reports. Market averages lag: McKinsey found women hold 29% of C-suite roles and 34% of vice president positions, and the Russell 3000 boards averaged 29% female seats. Marriott embeds regular career-development conversations in annual performance cycles, shifting from passive mentorship to active "career acceleration." Leaders now ask associates to state career aspirations and hold themselves accountable for helping achieve those goals.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]