In 2021, over 20 million workers joined the "Great Resignation" trend, followed by a rise in "quiet quits" in 2022. By 2023, the "Diversity Ditching" phenomenon further challenged workforce sustainability.
Now here we are, officially in the "Era of Adaptability."
African American, Hispanic and women employees have consistently
left companies in higher numbers than their cohorts
and those who remain feel some kind of way!
women are 20% less likely to receive actionable feedback that can contribute to their performance and growth at work.
Women in Workplace Report
of blacks are less likely to view promotions as fair.
McKinsey & Company
of blacks vs. 21% of Whites feel their workplace is not doing enough for Black employees.
Society of Human Resources management
GOT YOUR ATTENTION?
Great because these facts mean we need to talk.
The cost of replacing an individual employee can range from one-half to 2x an employee's annual salary!
The price for you, as a company is too high.
Here’s what happens when you fail to groom diverse talent for growth and leadership:
Employees become disengaged (which is very contagious, trust me)
Your company's public reputation takes a hit and becomes a red flag for potential diverse candidates (people will talk and give major side eye)
Pipeline representation dwindles at subsequent levels of your company
Diverse associates are finding a broken rung in their path from entry-level jobs to managerial roles.
broken rung theory
The biggest obstacle women face on the path to senior leadership is at the first step up to manager.
Your diverse employees' unique experience in the workplace should be factored into the growth, development and advancement opportunities for your high-achievers.
Now is the perfect time to invest in your existing talent pool.
You need to show them you care
before they tell you they’re leaving.
At Powerful Penny LLC, we
take a holistic approach to helping you create a workplace where your most valuable asset—your employees—can confidently and courageously advance to the next level while embracing their intersectionality
We collaborate with your HR teams to develop conflict resolution and change management strategies, to help you improve morale, foster a stronger culture and lower your attrition rates.
Our strengths-based coaching and soft skills development programs, used in our Signature Coaching Program, help employees identify what's holding them back from having the careers they desire in the companies they love.
We place a particular emphasis on diverse and underserved professionals: ie. women and persons of color.
Hi, I'm Cheryl Grace,
the founding CEO of Powerful Penny LLC. As a Black woman and divorced single mom who rose through the executive ranks of corporate America, I understand that our home and work lives are often inseparable. That's why the Powerful Penny team takes a holistic approach to helping you create a workplace where your most valuable asset—your employees—can confidently and courageously advance to the next level while embracing their intersectionality.
Our team of professionals has over 90 years of collective corporate leadership, human resources, and transitional coaching experience we understand both sides of the corporate ladder.
We know the frustration of a person of color attempting to climb that ladder. As former corporate executives we also know the importance of having a strong bench of qualified, diverse associates to consider for promotions.
We are uniquely positioned to bridge communication gaps between you and your employees that could be preventing an increase in your retention rates and hindering your ability to promote from within.
Click the button below and let’s discuss how we can support your company.
LET'S TALK!
Our methods work for employers...
Here's how we're doing it.
Assessing key turnover triggers for your diverse associates.
Helping you identify moments that matter to employees through workshops and Candidly Courageous Conversations (C3).
Identifying soft skills development necessary for any career trajectory.
Aiding in assessing confidence gaps that may be preventing career progress.
Demonstrating how to set and achieve S.M.A.R.T. goals.
Providing coaching and professional development programs that ensure your employees feel valued. Which improves their trust and loyalty with your company.
Here’s who our programs are best for.
Group Coaching
Best For:
Company-identified high potential managerial level employees, ERG members, Union members
1:1 Executive Coaching
Best For:
Company-identified leaders and
executives
(director level and above)
Workshops
Best For:
Employers with a limited budget seeking to engage large groups of associates for half- and full-day workshops
How we help Employers
We create opportunities that bring high-potentials greater visibility
Which boosts moral inside the company (because employees often feel invisible inside companies).
We help you build stronger teams by facilitating real dialogue between you and your employees
Employers' participation can positively impact talent retention, lead to more effective teams and drive improved productivity.
We ensure cross-verticals are more consistently aligned by fostering more peer-to-peer engagement
Employees across departments can communicate with each other more efficiently.
How this helps your Employees
(Pro-Tip: When employees feel better about themselves, it leads to better retention rates!)
We create faster breakthroughs
Your employees will feel connected with an expert who has walked in their shoes and understands their perspectives and points of view.
We improve performance
Helping employees identify and change behaviors that have previously prevented them from getting the results they desire.
We refine executive presence
Employees leave the program clearly understanding how to present themselves to the world as world-class professionals.
We strengthen relationships
Employees learn how to communicate effectively with their manager (and vice versa), so they're less likely to leave. Employees usually leave managers...not jobs.
Let's make sure you're not behind on creating a culture of growth,
because it's top of mind for your employees every single day that they wake up.
Click the button below and get ready for some real talk.
LET'S TALK!
Our methods work for employees...
I speak for you because I AM you!
As a person of color and former corporate executive, I know the importance of promoting based on skills. Our services work for the betterment of leadership and associates alike. Everyone in the company wins when there is confidence in skill set, mindset and opportunities for growth.
- Cheryl Grace, Founding CEO Powerful Penny LLC
LET'S TALK!
Employees are ready to feel valued, respected and heard...now, not later.
We hear of companies all the time that believe they’re a great place for people of color to work — but behind closed doors, their employees think otherwise!
Hey, we're not here to judge! But we are here to help.
Know this: Your employees are talking about you.
And if you were a fly on the wall, you'd be shocked.
Because your perspective and
their perspective is often night and day.
Employees rarely share their true
feelings for fear of retaliation.
But as a consulting firm, we can say the things that management needs to hear.
That means we can meet your employees where they are with candor and have the necessary conversations.
(Hopefully, you'll be in the room listening intently!)
But it has to go beyond your ERG, BRG, or Affinity groups talking amongst themselves.
They already know their pain...but do you?
Experienced in coaching entry-level through C-suite,
I can make the connections that help you align with your employees like never before.
The question is, are you ready to align with your diverse employees like never before?
Management can only be so frank with employees to avoid those (pesky!) lawsuits.
But as consultants, we can say the things that bosses can't.
It's important that as an employer you have a greater appreciation for the restrictions employees feel they face when it comes to promotions and succession planning (yet another critical reason why diverse employees leave).
That only happens with Candidly Courageous Conversations.
Transparency breeds trust. Trust breeds loyalty.
And loyalty improves retention rates.
It’s a mistake for leaders to only get input through employee surveys and HR. Too often that feedback gets diluted or muddied.
— Aiko Bethea, Harvard Business Review, 8.29.2020
Let's make sure your employees feel seen and supported,
so that your company can grow.
Click the button below so we can speak more about your organization.
LET'S TALK!
