Tag: women employees

  • The pressure on full time working women has significantly increased in 2020

    The pressure on full time working women has significantly increased in 2020

    About 82% say their daily routine has been disrupted by the pandemic, and 70% of them are concerned about the impact these changes could have on their ability to progress in their careers.

    Most participants also feel they always need to be available at work (53% of the women without caregiving responsibilities and 44% of those with such tasks).

    Women remain optimistic about their potential to progress

    However, despite the challenges created by the pandemic, women remain optimistic about their potential to progress over the next year.

    This could be by taking on more responsibilities as a result of promotions (52%) or by obtaining a pay raise (47%).

    On the other hand, 60% of respondents question the opportunity to move up in their organization when considering the effort it takes.

    In this context, 41% mentioned the risk of deteriorating their work/life balance, and 30% cited non-inclusive behaviors, such as micro-aggressions and exclusion from meetings or projects.

    Many women remain loyal to their current employers

    Many women remain loyal to their current employers, a third (32%) planning to stay with them for two to five years, and 30% for more than five years.

    Asked what would be the actions their employer could take to convince them to stay, 55% mentioned a promotion or a pay raise, 48%, more flexible working options, 45%, better benefits, 40%, additional learning opportunities and being engaged in interesting projects.

    There are also notable differences between women with caregiving responsibilities and those without.

    The latter prefer career related opportunities, learning and professional development (49%, vs 33% of those with caregiving responsibilities).

    Working mothers are more interested in better benefits such as medical or parental leave (49% vs. 33%).

  • 40% of working women are employed in sectors affected by the pandemic

    40% of working women are employed in sectors affected by the pandemic

    COVID-19 has increased labour market inequalities between women and men, with more women losing or giving up their jobs during the pandemic, according to the PwC Women in Work Index report.

    Progress for women in work could be back at 2017 levels by the end of 2021, with the index estimated to fall 2.1 points between 2019 and 2021.

    The Index will not begin to improve again until 2022, when it should recover by 0.8 points.

    Women were the most affected in 17 out of the 24 OECD countries that reported an overall increase in unemployment in 2020.

    Between 2019 and 2020, the annual OECD unemployment rate increased by 1.7 percentage points for women (from 5.7% in 2019 to 7.4% in 2020)

    Data collected for the PwC report show that globally, 40% of working women (nearly 510 million) are employed in sectors that the International Labour Organisation identifies as being hardest hit by COVID-19, compared to 37% of men working in these sectors.

    The sectors concerned include tourism, entertainment and recreation, trade and food services.

    In order to undo the damage to women in work caused by COVID-19 by 2030, progress towards gender equality needs to be twice as fast as its historical rate.

    Women in Work Index 2021

    As they do every year, PwC experts have prepared a list of OECD countries ranked by the progress of individual labour markets for women.

    The top places in the current edition are held by Iceland, Sweden and New Zealand, with Mexico, South Korea and Chile taking the last three places. 

    Among the countries of Central and Eastern Europe, Slovenia ranks highest (in 4th). Poland was ranked 11th, Hungary 18th and Estonia in 19th.

    The Czech Republic and Slovakia are only in the lowest third of the list, ranking 22nd and 26th respectively.