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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 Theodore is a Media Publisher and a great people connector. She was Founder Silicon Valley TV which has served the San Francisco Bay Area for 10 years! She has produced Silicon Valley Events for Investors & Startups for 10 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 6 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto and audio podcasts. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is audio & visual media and she has built up a great body of work of videos of panels & interviews and podcasts in Silicon Valley startup ecosystem. She has lived & worked in Canada, Australia, New Zealand, Ireland, London, Northern Ireland & Silicon Valley. Bio

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