Sunday, May 20, 2012

From CBS News — Why are so many Gen Y women flaming out by 30?

By Jessica Stillman (MoneyWatch)

The latest economic downturn wasn’t dubbed the “mancession” for nothing. Women now outnumber men on college campuses, get more degrees and participate in the labor force at about the same rate as men, who lost far more jobs in the last recession than female workers.

All of which is great news for the ladies. But does all this successful striving have a dark side? Forbes recently suggested it does in an article by Larissa Faw. She cites research showing that the ranks of women on the corporate ladder thin dramatically as they climb:

 

Today, 53 percent of corporate entry-level jobs are held by women, a percentage that drops to 37 percent for mid-management roles and 26 percent for vice presidents and senior managers, according to McKinsey research. Men are twice as likely as women to advance at each career transition stage.

 

What’s behind this winnowing of female business talent? Faw suggests that one reason may be women’s reluctance to take care of themselves, leading to subsequent burnout.

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