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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

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