Friday, February 12, 2010

Retain women for higher profitability (Keeping valuable female employees from leaving)

A new study shows how financially valuable women are to the workplace. So, how can employers keep them from leaving the company?
Most experts say the biggest thing for women is flexibility at work.
"They value workplace flexibility more than anything because they often do two jobs: one at the workplace and the other at home," says Lavanya Mahate with the Salt Lake Chamber's Women's Business Center.
"It's a fairly new trend, but we need to see more and more employers and companies offer this and more communication," she says.
Mahate says women also need to feel valued and challenged at work, and feel like their needs are met.
The Harvard Business Review found that companies with higher numbers of female mangers in particular have higher returns on investments and are coming through the financial crisis much better than others.

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