Study: Companies Losing Women Leaders at Alarming Rates

Facts

• According to a report released on Tuesday by McKinsey & Company and LeanIn.org, women leaders were more likely to switch jobs than men in 2021. The movement, dubbed the "Great Breakup," says that while women aren't leaving the workforce, they are leaving their employers to find better opportunities.
• Reduction in the workforce for men and women reportedly had held steady at around 8% since 2017, but in 2021 attrition for women leaders climbed to 10.5%, the greatest surge in five years.
• The study also showed that women face promotion challenges, known as the "broken rung." For every 100 men promoted from entry-level positions to managers, only 87 women were promoted. In 2022, 60% of managers are reportedly men, while 40% are women.
• The closely watched report examined 333 companies across the US and Canada and surveyed more than 40k employees from 55 businesses.
• The shift in attitude by women in the workplace follows the larger cultural movement known as the "Great Resignation." According to the US Bureau of Labor Statistics, in 2021, 4.5M workers resigned to pursue better work opportunities.
• The data, the report says, shows that women are just as ambitious as men with their intent to climb the ladder. Black women, more specifically, appear to have increased ambition to succeed, as 59% said that they wanted to be top executives compared to 27% of white women.

Sources: Axios, Fortune, MSNBC, Cnet, and Crast.

Narratives

• Left narrative, as provided by CNBC.Gender shouldn't play a role when assessing someone's leadership capabilities, but unfortunately, it does, as outlined by this latest report. In a move that could end in disaster for many companies, women are rightly standing up and relocating to companies that meet their expectations. Unless businesses focus on fixing the "broken rung," the "Great Breakup" will only grow.
• Right narrative, as provided by Federalist. Despite popular rhetoric, women in the West are more educated, have access to more opportunities, and enjoy more freedoms than ever before. Yet the commercial enterprise has fed into the lie that, in order to truly be "liberated", women must become slaves to the corporate world — an ironic "feminist" motion that completely disregards the actual needs of women, who lean towards work-life balance and traditionally female jobs.