Tag: downshifting

September 30, 2020

1 in 4 Women Consider Leaving Workforce or ‘Downshifting’ due to Pandemic

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1 in 4 Women Consider Leaving Workforce or ‘Downshifting’ due to Pandemic
1 in 4 Women Consider Leaving Workforce or ‘Downshifting’ due to Pandemic

The careers of many women may become yet another casualty of the COVID-19 pandemic, new research suggests.

A quarter of women are thinking about either leaving the workforce or “downshifting” their careers because of the coronavirus crisis, according to a new study by management consulting firm McKinsey & Co. and working women’s advocacy group LeanIn.org. The research included a survey of 40,000 workers, as well as data from more than 300 companies.

Researchers defined leaving the workforce as either taking a leave of absence or quitting permanently. Downshifting, on the other hand, refers to either cutting back work hours — including switching to part-time status — or taking a less demanding job. While the options vary, women taking any of them would likely slow their career’s progression.

Pandemic sparks a host of worries

When asked about the biggest

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September 30, 2020

Largest Study of Women in Corporate America Finds 1 in 4 Women Are Considering Leaving the Workforce or Downshifting Their Careers Due to Covid-19

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SAN FRANCISCO, Sept. 30, 2020 /PRNewswire/ — Today, McKinsey & Company and LeanIn.Org released the annual Women in the Workplace report, the largest study of its kind. After six years of slow but measurable progress in the representation of women in corporate America, 1 in 4 women are now considering leaving the workforce or downshifting their careers due to Covid-19. In a single year, this would wipe out all of the hard-earned gains we’ve seen for women in management—and unwind years of progress toward gender diversity.

The report is based on data and insights from 317 companies employing more than 12 million people, along with survey responses from more than 40,000 individual employees. It urges companies to act immediately to avert this potential crisis and includes recommendations for addressing the feelings of burnout and being “always on” for work that many employees are grappling with right now.

“If we had

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September 30, 2020

1 in 4 women considering leaving workforce or downshifting careers because of COVID-19, report warns

Post By [email protected]_84 women , , , , , , ,

The coronavirus pandemic has the potential to undo years of gains for women in the workplace, according to a massive new study on the state of women in corporate America released on Wednesday.

At least one in four women are considering downshifting their careers or leaving the workforce because of COVID-19, according to the annual Women in the Workplace study from LeanIn.org and consulting firm McKinsey & Company. The study involved 317 companies representing over 12 million employees.

This marks the first time in six years of the annual report that the researchers found evidence of women intending to leave their jobs at higher rates than men. Researchers also warned this exodus could possibly undo all the gains women have made in management and senior leadership roles over those past six years.

“The report is really showing the true scale of the problem of what COVID-19 is doing to women,”

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