Employers need flexible path for women.LAWRENCE Summers Lawrence Henry "Larry" Summers (born November 30, 1954) is an American economist and academic. He is the 1993 recipient of the John Bates Clark Medal for his work in macroeconomics, was Secretary of the Treasury for the last year and a half of the Bill Clinton administration, and , the president of Harvard, recently created a stir by wondering out loud whether women's brains are wired for math and science. Almost lost in the resulting din was one primary reason he gave for women being underrepresented un·der·rep·re·sent·ed adj. Insufficiently or inadequately represented: the underrepresented minority groups, ignored by the government. in tenured ten·ured adj. Having tenure: tenured civil servants; tenured faculty. Adj. 1. tenured positions in math and science. Summers offered the "high-powered" job syndrome Job syndrome Hyperimmunoglobulin E syndrome, see there as a major reason why few women measure up. Due to family pressures, among other things, most women are simply unable to clock 80-hour work weeks. His comments add fuel to the "Opt-Out Revolution" debate--essentially, whether women are less committed to their careers than men. Sylvia Ann Hewlett Sylvia Ann Hewlett is an economist, consultant, lecturer, and expert on gender and workplace issues. A Kennedy Scholar and graduate of Cambridge University, Hewlett earned her Ph.D. degree in economics at London University. and I present a different reality. Women want to work, and corporations must find alternative pathways to power. Our study, based on a sample of nearly 2,500 highly qualified women, examines the realities of women's challenges and choices, probes their ambition, and traces the course of their careers. Our research shows beyond question that highly qualified women want to work. Not only have they invested heavily in their education and careers, but their professions give shape and meaning to their lives. Of the women who have taken an "oft-ramp" from work, a full 93 percent want to come back. And many do take off-ramps. Nearly 60 percent of the women we surveyed take time out from their careers (37 percent) or follow what we call a "scenic route." They decline a promotion, transfer from line to staff roles, take a job with less responsibility or work part-time, all in order to be able to manage the other responsibilities in their fives from time to time, be they children (45 percent), elder care (24 percent) or other outside interests. Put another way, the majority of highly qualified women have non-linear careers. This places women at odds with the customary linear progression of their male counterparts, who progress up the career ladder The Career ladder is a metaphor or buzzword used to denote vertical job promotion. In business and human resources management, the ladder typically describes the progression from entry level positions to higher levels of pay, skill, responsibility, or authority. in lock step and thereby create the norms of the traditional career path. Women pay a large price for their choices. Though the average time out is short (2.2 years--only 1.5 years for women in banking and finance), highly qualified women lose across the board, in opportunity, access, responsibility and remuneration. Of those who come back to work, only 74 percent find jobs, and only 40 percent come back full time. These "on-rampers" suffer financially--experiencing an 11 percent decrease in salary after one year out--rising to 37 percent if their off-ramp is three or more years. Without the necessary training, support, role models and mentors, many women who do make it back are lost on reentry reentry n. taking back possession and going into real property which one owns, particularly when a tenant has failed to pay rent or has abandoned the property, or possession has been restored to the owner by judgment in an unlawful detainer lawsuit. . The corporations suffer as well. Over the next decade, companies will again be facing a labor shortage A Labor shortage is an economic condition in which there are insufficient qualified candidates (employees) to fill the market-place demands for employment at any price. This condition is sometimes referred to by Economists as "an insufficiency in the labor force. as the baby boomers See generation X. begin to retire. Furthermore, the U.S. Department of Education projects that over the next decade, women with advanced or professional degrees will increase by 16 percent while their male counterparts will increase by only 1.3 percent. Most alarming of all, a full 95 percent of the women in our survey who took an off-ramp would not return to their previous employer. The first generation of equal opportunity practices in the workplace, which dealt primarily with access, has been relatively effective. Today, 58 percent of undergraduates are women. But whether due to Glass Ceilings, Brick Walls or Unmarked Paths, progress has stalled--highly qualified women are languishing lan·guish intr.v. lan·guished, lan·guish·ing, lan·guish·es 1. To be or become weak or feeble; lose strength or vigor. 2. . The corporations who will win in the future are those that make a significant push to adopt a second generation of policies and practices that focus on tapping into the manifold talents and skills of highly qualified women. This will require a concerted effort to transform the pathways to power so as to better align with the realities of women's lives. This effort will bring great rewards to the women--and men--who are the keys to success for companies and institutions. Let me close with a modest suggestion. Summers and corporate leaders like him might begin by blaming outdated work models, not the women who can't or won't work 80 hours a week. There are many progressive companies, big and small, that have taken this imperative to heart. Among them are the 19 global companies that form the Hidden Brain Drain Task Force and which sponsored our research. Many new pathways to power and a rich menu of on-ramps are being developed. Those companies who say it cannot be done will discover the hard way that this year's failure of imagination will start showing up on next year's bottom fine. Carolyn Buck Luce, a senior leader in the Global Accounts Group at Ernst & Young LLP LLP - Lower Layer Protocol , is coauthor of "Off-Ramps and On-Ramps: Keeping Talented Women on the Road to Success," which appeared in the March issue of the Harvard Business Review Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership and . |
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