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Work Trends: Employees Feel the Opposite but the ‘Data doesn’t lie’ | Women Leaving Companies at Highest Rate Ever

Fortune | Jane Thier | Oct 17, 2022

Work and productivity trends - Work Trends:  Employees Feel the Opposite but the 'Data doesn't lie' | Women Leaving Companies at Highest Rate EverManagers and workers have the opposite opinions of remote work, Satya Nadella says, but the data doesn’t lie.

  • Microsoft CEO Satya Nadella released latest Work Trends Study revealing a paradox:
    • Employees:  87% of employees say they’re more productive when they work remotely or in a hybrid setup
    • Employers:  85% of employers say it’s difficult to have confidence in their workers’ productivity levels when they’re not in-person.

See:  Pros and Cons of a Distributed Workforce

  • Jared Spataro, Microsoft’s VP of modern work:
    • “While you might get a lot of data from tracking this type of employee activity, I can confidently say it’s the wrong data,” he wrote. “And surveillance doesn’t just lead to bad data—it undermines trust, a critical factor in organizational success that, once lost, is incredibly difficult to regain.
    • Really make sure that you’re very clear, as leaders and managers, about what the goals of the company or the team are, setting the norms for how people collaborate, and communicate.

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CNBC Make It | Morgan Smith | Oct 18, 2022

'Disastrous': Women leaders are leaving companies at the highest rate ever

  • According to new data from LeanIn.org and McKinsey & Company:  "Women in the Workplace" report, which surveyed 22,000 women and 18,000 men
  • Increasingly important to women that they work for companies that prioritize career advancement, flexibility, employee well-being as well as diversity, equity and inclusion — and they're leaving their companies in unprecedented numbers when these needs aren't met.
  • Lareina Yee, a senior partner at McKinsey & Co.:

    • Let's be clear: Women aren't saying they don't want to work.  They're breaking up with companies because they're confident they will get an opportunity to advance somewhere else, which is something we haven't seen before … it really speaks to the fact that loyalty has its limits.

See: 

Reg CF in the U.S. Created 300,000 Jobs and Boon for Local Economies, Women. and Minorities Seeking Funding

Venture Capitalists Dislike Women More Than They Like Profit

  • More than half (58%) of women under 30 say career advancement has become more important to them over the past two years, compared to 31% of women leaders.
  • Gen Z and millennials value professional development opportunities more than other generations do, numerous studies have shown, and this consistently ranks as a top priority for younger generations when choosing a new employer.

It's a disastrous situation … you're not promoting enough women into the leadership ranks, and now you have more women leaving leadership roles

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NCFA Jan 2018 resize - Work Trends:  Employees Feel the Opposite but the 'Data doesn't lie' | Women Leaving Companies at Highest Rate EverThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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