The McKinsey week in Charts

Holding back their whole selves

In a culture that still largely views gender on binary terms, transgender people in America face unique challenges in the job-application process. Half of transgender respondents to a recent McKinsey survey indicated they couldn’t be their full selves when applying for jobs. Only 33 percent of cisgender applicants indicated the same.

 

To read the article, see “Being transgender at work,” November 10, 2021.

 

Driven by climate change

Climate-change concerns are expected to drive a significant rise in electric- and hybrid-vehicle sales across Asia by the end of this decade. In China, for example, only about 10 % of auto sales were for new-energy vehicles last year. By 2030, that figure is expected to be closer to 60 to 80 %, as more consumers seek sustainable mobility options.

 

 

To read the article, see “Asia’s consumers on the move: The future of mobility,” October 29, 2021.

Bailing for better benefits

In our survey of nearly 3000 US workers, 30 % or more of Black, Hispanic and Latino, LGBTQ+, and younger employees said they had considered switching employers to get better benefits—even when they had access to the same benefits as other colleagues. Further, employees who reported not receiving the care they needed were two times more likely to consider switching employers and half as likely to recommend their employer to friends.

To read the article, see “Income alone may be insufficient: How employers can help advance health equity in the workplace,” December 3, 2021.

 

Patently inferior?

The United Kingdom has always had a reputation for scientific excellence, with world-class universities and Nobel laureates by the dozen. Our Biotech Innovation Index finds the reputation is justified: the country leads its European peers in total life-sciences publications and leads the world in publications per billion dollars of GDP. One surprising gap: UK startups receive fewer patents than other European countries.

To read the article, see “The UK biotech sector: The path to global leadership,” December 3, 2021.

 

More women in the workforce: Key to higher GDP in CEE

Women are underrepresented in corporate leadership across Central and Eastern Europe (CEE). If 2.5 million more women joined the workforce, worked about two paid hours more per week, and landed jobs in the most productive sectors, women’s contribution to GDP could unlock as much as €146 billion in annual GDP by 2030.

 

To read the article, see “Central Europe’s great gender opportunity,” November 3, 2021.

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