The ‘great resignation’ is having a great impact on organizations who are also contemplating the seemingly never-ending labour shortage. And for women, the exodus seems to be even greater than it is for men.
According to a report by Lean In and McKinsey, 29% of women thought about reducing their hours, taking a less demanding job or leaving the workforce altogether -- compared to 22% of men.
For every woman at director level who gets promoted to the next level, two women directors are choosing to leave their company, finds the report based on data and insights from 333 companies representing more than 12 million people, along with survey responses from over 40,000 employees.
‘Women leaders are leaving their companies at the highest rate we’ve ever seen. They aren’t leaving the workforce entirely but are choosing to leave for companies with better career opportunities, flexibility, and a real commitment to DEI,’ said Sheryl Sandberg, founder of Lean In.