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As 865,000 Women Leave the Workforce in September How Can Fintechs Encourage a Female Friendly Sales Force?

865,000 women have dropped out of the workforce in September of 2020 alone, compared to 216,000 men according to new data from the US Bureau of Labor Statistics. Though the Covid-19 pandemic has negatively affected employment for many people across the globe, these figures are devastating both for women and the economy.

The corporate world was created for men with stay at home wives, and it continues to be structured to serve that group. As the burden of childcare and eldercare falls disproportionately on the shoulders of women during the pandemic, circumstances are forcing them out of the workforce in droves. From an economic, societal, and health perspective, we cannot afford to lose these women. The ground we have gained in diversifying our companies is threatened to be completely lost. Here’s how to stop that from happening.

  1. Offer Real Flexibility
  2. Be Intentional About Culture
  3. Change the Criteria
  4. Post Pandemic Read more via FinTechTimes

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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