10.27.21
Aimee Picchi of Moneywatch provides a special look at why women are changing jobs like never before.
The “Great Resignation” is sparking upheaval in the job market as the COVID-19 pandemic drags on, and no group has been impacted more than women. New LinkedIn data finds that the number of job transitions for women surged in 2021.
Job transitions — which can mean any type of job change, from dropping out of the workforce altogether to finding a better-paying job — for women have jumped 54% compared with a year ago, a record. Meanwhile, men’s career transitions have increased about 46%, according to data across LinkedIn’s network.
A year and a half into the pandemic, women in the workplace are increasingly assessing their career goals against a number of benchmarks, including job flexibility, salary and whether a workplace has a vaccine mandate. Notably, about 4 in 10 women say they are experiencing burnout, while one-third say their income isn’t enough to pay for their family expenses, LinkedIn found in a survey of more than 2,000 workers.
Read more on CBS News here.