The McKinsey Week in Charts

Want employees to stick around? Get this right

Executives who mishandle the transition to a hybrid-work model or fail to offer one are at risk of losing otherwise satisfied employees. Our latest employer and employee survey results unveiled that almost 90 percent of employees who took new jobs didn’t have to relocate because so many more companies are “location agnostic.”

To read the article, see “‘Great Attrition’ or ‘Great Attraction’? The choice is yours,” September 8, 2021.

Still struggling: Not enough women in the C-suite

From entry-level to the C-suite, women remain underrepresented in corporate America. Although women made representation gains of five percentage points in leadership roles in the past five years, they still make up less than 25 percent of executive-level positions, according to McKinsey’s joint report with LeanIn.Org, Women in the Workplace 2021.

To read the article, see “Women in the Workplace 2021,” September 27, 2021.

Delta and its discontents

Last quarter, just 36 % of respondents to our global executive survey cited the pandemic as a risk to domestic growth over the next year—the smallest share to say so since we began asking in March 2020. That figure is now up to 49 %, thanks to the spread of the variant. But in Latin America, domestic political conflicts are weighing more heavily on sentiment.

To read the survey, see “Economic conditions outlook, September 2021,” September 29, 2021.

Machines need ‘on the job training’ too

Operationalising machine learning depends on a solid data set that the underlying algorithms can analyse and learn from. To get there, deployments span three sequential environments to train ML models: development, user-acceptance testing, and production. The production environment is generally optimal because it uses real-world data.

To read the article, see “Operationalising machine learning in processes,” September 27, 2021.

OEMs rock down to Electric Avenue

Despite the COVID-19 pandemic, sales of electric vehicles (EVs) surged. EV sales increased nearly 200 percent between the second quarter 2020 and the second quarter 2021. US dealerships must prepare for the coming change as the popularity of EVs increase.

To read the article, see “A turning point for US auto dealers: The unstoppable electric car,” September 23, 2021.