Women leaders, already in short supply at most U.S. companies, were more likely than men to switch jobs in 2021, according to a closely watched new report released today
They're calling it the "Great Breakup." Women leaders, already in short supply at most U.S. companies, were more likely than men to switch jobs in 2021, according to a closely watchedA better job market and more opportunities for flexible work arrangements made women less likely to put up with mistreatment in the workplace last year, say the authors of the report, from McKinsey and LeanIn.org, the women's empowerment group founded by former Facebook executive Sheryl Sandberg.
"We're finally seeing the moment where women in leadership are voting with their feet," said Alexis Krivkovich, a managing partner at McKinsey and cofounding author of the report. This is a "profound change," she said.An eye-popping 10.5% of women leaders — from senior managers all the way up to the C-suite — quit their jobs over the past year, the highest rate in the five years that McKinsey/LeanIn.
"You're losing women coming into management, and the precious few women leaders you do have are choosing to leave, as well. That's a double whammy," says Thomas.Women are just as ambitious as men. Black women leaders even more so — 59% said they want to be top executives, compared to 41% of women of color and 27% of white women.Womens' authority at work is undermined in a variety of ways — so they leave, the report finds.
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