This may be the phrase of 2012. We’ve seen variations of this question everywhere from Capitol Hill hearings to questions about diversity and inclusion at executive and board levels, to which political party will capture the majority of women voters this election year, and the unfortunate resurgence of mommy wars.
So where are the women? We know they are leaving corporate America to start their own businesses at an astonishing rate. Perhaps because our global competitors are outperforming us in this area, we also know more women rising up in executive ranks are poised to take on executive positions. Faith Popcorn, the well known futurist, claims 2012 is this year of “She-Change”. We’re seeing a huge shift in conversations related to diversity and inclusion for the better. The Bentley Center for Women and Business hosted an inaugural forum in late April and Bob Moritz, Chairman of PwC gave an excllent presentation on what diversity and inclusion meant to him personally and to PwC, the need for integrated work lives, and the notion that keeping women in the workforce is not just a good idea, but critical for global business success.
I’ve always believed career advancement and flexibility isn’t just a woman’s issue nor is it only an issue for those with families. Sue Shellenbarger with the Wall Street Journal wrote about the pressures men are also facing in balancing everything today in her article, What’s In It For Men? Managing a life, a family, a marriage and a career on full tilt when you hit your 30s and 40s is no easy feat and this is when ambitious professional women start opting-out. A majority of these women want to reduce their work schedules after having children, seek workplaces where they are assured the workplace flexibility they need, and yet part-time tracks rarely lead to executive or board positions. Women report that their careers plateau during this phase and there’s little incentive to get back on track when peers (who haven’t opted-out or reduced their schedules) have accelerated at a much faster pace. In larger corporations many executive women continue to follow a career path with conditions of success largely established by men. These women leaders still face heavy travel schedules around the globe and have to attend requisite after hours business events, client dinners, and conferences regardless of whether they have a family or not. They either outsource the needs of life at home, (marketing, dry cleaning, doctors appointments, school drop offs/pick up/events and more), or have a spouse who stays at home to take care of the rest. We hear stories of leaders leaving their offices to attend soccer games, but workplace flexibility is a constant challenge among the executive ranks which is why a lot of women say thanks, but no thanks. I found the McKinsey report, Unlocking the Full Potential at Work, hopeful, yet also interesting that part-time work or flexible hours weren’t discussed more as a strategy to keep women in corporate roles during the leaky pipeline phase.
So with this as reality, how are we going to close the gap or will the gap ever really close? Some suggest long sabbaticals may help, allowing employees to stay loosely connected to their employer while taking a time-out for raising a family. Reduced schedules allow women to address pressing family needs between 3-8pm, but presents career hazards of its own. We should be looking at how to incent and reward flexible careers and offer opportunities for women to succeed during this phase of life. Public school system hours need revisiting as they make it difficult for women to do anything other than opt-out, work reduced hours or outsource their family needs. Perhaps it will be the women starting their own businesses who will pioneer the ability to successfully be both a chief executive and one with a flexible work schedule because they will be fierce competitors for talent. While no panacea exists, the good news is that there are bright spots on the horizon, and we are facing these issues far more head on than we did 20 years ago.
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