women

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

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

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women

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

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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