McKinsey & Company and LeanIn.Org recently released the annual Women in the Workplace report, the largest such study of its kind. This year's report found 1 in 4 women are considering either downshifting their careers or leaving the workforce entirely due to Covid-19. This follows six consecutive years of progress in women's representation in corporate America.
The report looked at data and insights from more than 317 companies, which in total employ more than 12 million people, as well as survey responses from more than 40,000 individual employees. It emphasizes the importance for companies to take swift action to face the issue head-on, including recommendations to address worker burnout resulting from feeling "always on," which has become more prevalent than usual in current workplace conditions.
Facebook COO and LeanIn.Org co-founder Sheryl Sandberg says the situation puts corporate America in danger of undoing years of progress for women in the workforce.
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now