Due to pressures from the pandemic, 1 in 4 women, including 1 in 3 mothers, are considering downshifting their careers or leaving the workforce. This statistic equates to approximately two million women who are considering leaving the workforce. Women in the Workplace 2020, LeanIn.org and McKinsey, 2020
Flexible Work Policies Grow Employee Loyalty
The workforce cannot afford to lose these women. But it’s not all bad news. This crisis also represents an opportunity. Companies are finally seeing the need to make investments in building a more flexible workplace to keep female employees, the ones most significantly affected by the pandemic. The sooner that CEOs, business owners, and team leaders put flexible and remote policies in place, the sooner they will benefit from the reality that flexible options grow employee loyalty.
Our team at Boulo has seen these career choices play out firsthand. More women are joining our platform because their current employers are no longer offering flexible work options and are expecting them to return to the office and resume work with pre-Covid expectations. While these Boulo members will now have the opportunity to work for companies that offer flexibility, their former employers will lose a valuable asset and the earnings, culture, and consumer rating improvements that women bring to a company.
How do we change course?
Boulo believes that creating flexible work practices should be at the top of every organization’s list of priorities. Why? Because the data shows that retaining and attracting top female talent improves earnings, morale, and consumer ratings.
Flexible policies mean more than remote work. These policies must be realistic and empathic to address the burnout caused by the emotional and mental loads women are carrying. For instance, as the lines between work and home are blurred, many women feel they must always be “on” for work, responding to emails and work calls 24/7. Flexible work policies can alleviate this pressure.
Are you ready to implement a flexible work plan but don’t know where to start? Boulo has done the work for you! We have created a guide that walks your organization through Flexible Work Best Practices to implement now. Once you begin these practices, we are ready to fill your next role. Head to our Client Interest Form to get started.