'It's a disastrous situation': Women leaders are leaving companies at the highest rate ever

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'It's a disastrous situation': Women leaders are leaving companies at the highest rate ever. (via CNBCMakeIt)

Women leaders are leaving their companies at the highest rate ever, and the gap between women and men in senior roles quitting their jobs is the largest it's ever been, according to"Women in the Workplace" report

Yet as more women return to the workforce, LeanIn.org's co-founder and CEO Rachel Thomas says their patience is wearing thin for companies pushing to return to "business as usual," requiring more time in-office, and letting conversations about employee mental health and diversity, equity and inclusion fall to the wayside after promising to prioritize these issues in 2020.

Thomas continues: "They want to work for organizations that remain committed to the things they value and are driving positive change."More than half of women under 30 say career advancement has become more important to them over the past two years, compared to 31% of women leaders.

Despite modest gains in representation in leadership, only 1 in 4 C-Suite leaders is a woman, the report notes. Far fewer women than men are being promoted to managerial roles: For every 100 men who are promoted from an entry-level to a manager position, only 87 women and 82 women of color are promoted.

Although these contributions boost retention and employee satisfaction, Lean In and McKinsey & Co. found that women are rarely acknowledged for this work in their performance reviews — another trend pushing women to leave their jobs.

 

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