Women are quitting leadership roles faster than ever

New research has shown that female directors are leaving jobs in record numbers due to a lack of flexibility in working conditions.


For every woman at the director level who gets promoted, two female directors are choosing to leave their company, according to a new McKinsey & Co and LeanIn.org report. The organisations, which analysed data from 12 million employees at more than 330 companies, have been tracking the state of female workers since 2015, with the findings published in an annual report.

“Women are just as ambitious as men, but they are leaving their companies at the highest rates we’ve ever seen and at higher rates than men in leadership,” Rachel Thomas, the LeanIn chief executive, said. “We really think this could spell disaster for companies.”

Women have long been at a disadvantage in the workplace, but many of those problems have been exacerbated by the Covid-19 pandemic. A lack of affordable child care has contributed to more women leaving the workforce than men in recent years. A gender pay gap, which had been narrowing, also stalled during the pandemic.

High-ranking women are re-evaluating because of a lack of advancement opportunities, flexibility or unequal treatment, or a combination of these and other factors. Susan Chapman-Hughes, who left her job at a payments company after an 11-year stint, said “every organisation cannot give you what you want for the rest of your career,” so “you have to be smart enough to chase those desires.”

As companies continue tweaking their remote working policies since the pandemic, McKinsey and LeanIn found that only one in 10 female employees want to work from the office most of the time. The summary of their report said “many” woman call hybrid work schedules a key reason for joining or sticking with an employer.

“Women are not breaking up with work, they are breaking up with companies who are not delivering the work culture and the opportunity and the flexibility that's so critically important to them,” Thomas said.
Source: Business Post

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