Women have been leaving the workforce at alarming levels during the Coronavirus pandemic. The reasons have long been in place but heightened by Covid-19: basically women are finding it harder and harder to juggle the dueling responsibilities of work and child care, now that many schools have switched to remote learning.
The numbers are grim: Four times more women than men dropped out of the labor force in September, according to the National Women's Law Center. Another study published in September by McKinsey, found that one in four, or two million, women are considering downshifting their careers or leaving the workforce altogether, including many women in senior positions.
It likely doesn't help that many corporations do not have policies and principles in place regarding alternative work arrangements. In a survey by Willis Towers Watson, which was cited in CFO.com, just 37% of companies had such regulation in place. One-quarter of them (25%) created formal policies this year, while three-fifths (60%) said they were planning or considering adopting one this year or next.
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