CHICAGO, June 24, 2020 /PRNewswire/ -- The coronavirus pandemic has caused adverse effects across all aspects of life, particularly the economy, and women are some of the hardest hit, according to new research conducted by WerkLabs, the insights division of The Mom Project.
Women reported they are twice as likely than their male counterparts to leave their employer in a year's time due to their workplace experience during the pandemic in a recent survey of approximately 2,000 professionals across the country.
That number is deeply connected to workplace satisfaction during the pandemic with women scoring an average of 15 points lower than men on all drivers, meaning their work experience was more negative.
"Our latest findings at WerkLabs continue to emphasize the struggles women are experiencing amid the coronavirus pandemic," said Dr. Pamela Cohen, President of WerkLabs. "Not only is it our goal to research and present this revealing data, but it is our responsibility to help provide the support women and working moms need now more than ever."
The impact of COVID-19 continues to leave many struggling, particularly working moms, who are trying to juggle day-to-day lives and childcare on top of their careers. The economic impact of working moms' coronavirus-related anxiety is estimated at $341 billion. Not only are women and working moms balancing a plethora of responsibilities, they are also fearing for their jobs — approximately 60 percent of the jobs eliminated in the first wave of pandemic-induced layoffs were held by women.
Of the professionals surveyed, more than one-third (38%) reported both their work and well-being have been impacted by the coronavirus pandemic. Many participants who volunteered to offer more information on how the pandemic has impacted them and/or their work experience note that leadership believes because social activities are lessened or nonexistent as a result of the pandemic, the employee has more time for work and thus can handle a larger workload — regardless of work-life balance or other responsibilities like childcare.
"Life as we know it has changed, yet my company is trying to act as though everything is status quo," one professional surveyed said. "They're pushing for greater outcomes because we are all working from home, with no consideration for what that means, not to mention the stress of this situation."
Studies and recent research have proven quite the contrary. With the lines between parenthood and career blurred indefinitely as a result of the pandemic and various shelter-in-place and stay-at-home orders and mandates, parents need greater support now more than ever. More than 50% of working parents are currently without childcare, and 1 in 5 working parents said either they or their partner are considering leaving the workforce to care for their children.
Full-time working mothers in two-parent households average 22 hours of childcare per week during the current climate while maintaining their jobs. Married men provide an average of 7.2 hours of childcare per week compared to 10.3 hours for married women, among those employed full-time.
"The pandemic has forced an unprecedented rapid shift in workplace culture and it's important we understand and address the positives and negatives of this change because this may be the 'new normal' moving forward, or at least for an indefinite time," Dr. Cohen said. "Seeing this, The Mom Project launched the Stronger Together Fund, Resume Rev product, and Unity Program as well as other initiatives and resources to help support working moms during the pandemic and beyond."
About The Mom Project
The Mom Project is the leader in helping businesses attract and retain female talent. With a community of over 250,000 talented professionals and more than 2,000 companies, The Mom Project is committed to building a better workplace for mothers and the businesses they support by harnessing the often overlooked intellectual workplace power of moms. The Chicago-based company was founded in 2016 by Allison Robinson, who serves as CEO, and has raised $11M in funding to date, including a Series A of $8M led by Grotech Ventures, Initialized Capital and Aspect Ventures, along with previous backers, Atlanta Seed Company, Engage Ventures, OCA Ventures, BBG Ventures, IrishAngels and Wintrust Financial. Serena Williams joined The Mom Project as a Strategic Advisor in early 2020 to further mobilize the mission.
Founded in 2020 after The Mom Project's acquisition of Werk.co, WerkLabs serves all companies and employees and is not specifically focused on women or moms, but in building a better workplace for all. In addition to its Employee Experience Index and Remote Experience Index, WerkLabs offers research and support for corporate leaders on other important workplace topics including DE&I, benefits and policy advisory, and M&A transitions. Led by Dr. Pamela Cohen, PhD, WerkLabs goes beyond insights, leveraging behavioral science and predictive analytics to help companies identify which changes will have the greatest impact on employee engagement and offer the best return on investment for the business. As companies look to create more flexible workplaces and productive remote work environments, WerkLabs offers partners actionable, data-driven recommendations that will have a meaningful impact on team and individual effectiveness.
SOURCE The Mom Project