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The mass exit of women affected the economy and impacted gender diversity and female perspectives in the workplace — two essential components needed in every successful organization (Photo: Shutterstock)In the last year alone, millions of individuals left their jobs. Some have called it a crisis for the American economy, while others dubbed it “The Great Resignation.” Among the millions of people leaving the workforce is a staggering number of women who have exited the pandemic, prompting even more precise naming for this crisis of labor — the “shecession.” Today, 1.3 million women remain out of work. While this statistic alone is worrisome, it’s even more troubling when considering that the number of women working outside of the home is the lowest it’s been in 34 years.
Before COVID-19, women had been making steady gains within the workplace. McKinsey reports found that women in the workplace reached two all-time highs in 2019: women in senior positions hit 28%, and women in the C-suite increased to 21%. Women’s rights initiatives, like the #MeToo movement, were driving efforts to end sexual harassment and close the gender pay gap in the workplace. However, the onset of the pandemic obstructed and even reversed much of the progress made for women’s equality.
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While HR has always been about people, it’s evolving to view them less as “resources” and more as success enablers.
It's a gloomy state of affairs for businesses, both globally and in the U.S.
A new report from The Brookings Institution suggests that long COVID could account for 15% of all unfilled jobs.
Guide
Sponsored by Collective Health
Help Your Clients Tackle the Great Resignation with Health Benefits
It’s no secret that health benefits have struggled to keep up with workforce expectations during the Great Resignation. Remaining competitive means employers must streamline their health benefits, put employees first and deliver on brand values. Download this guide to help your clients gain an edge in 2022 with their health benefits.
Guide
Sponsored by Collective Health
How to Tackle the Great Resignation with Your Health Benefits Strategy
Amid mass resignations and record-high job openings, employees are now firmly in the driver’s seat when it comes to where and how they work. So, how are you going to stand out in this highly competitive market? This guide outlines a forward-thinking health benefits strategy that will ensure your company remains competitive in 2022 and beyond.
eBook
Sponsored by Optum
Developing Effective Quit Services: 3 Key Facets for Success
Millennials and Gen Z value tobacco and nicotine cessation more than ever before, but quit programs must adapt to their evolving needs. New research indicates successful quit programs have three key facets. Download this interactive ebook to learn how to set your company apart with an effective quit services benefit.
Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.
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