Will a flexible schedule sabotage your career? | | | FRI, MAY 17, 2019 | | | | TECH, TRANSFORMATION AND THE FUTURE OF WORK | | Sometimes there's the official corporate policy, and then there are the unspoken rules of survival. And they conflict.
Case in point, the results of a survey from Working Families, a London-based work/life balance organization. It showed that while companies offer flexible work schedules and time off for family concerns, employees who use them often sacrifice their career trajectories. Working part-time slashes your prospects for promotion, and it's tough to re-enter the workforce after time off.
I like to think of this as the difference between policy and culture. Sure, your company might have a policy that allows for extended parental leave after the birth of a child. But if the culture celebrates workaholics and the top execs don't take the leave themselves? In reality, workers probably feel they'll be punished for taking the time off.
According to the study from Working Families, full-time workers had a 44% chance of getting promoted within a three-year span, while part-time workers had a 21% chance. The data is from the U.K., but industry watchers suspect things play out similarly in other Western markets.
That makes it notable when executives live out the alignment between policy and culture. For example, Stitch Fix Founder and CEO Katrina Lake made a bold statement by taking a full 16 weeks of maternity leave when she had her second child late last year, even as Wall Street doubts were sending the stock into a swoon. The center held, as her team stepped up in her absence; the stock has since recovered.
Bottom line: it's not enough to have a policy that allows for flexible work and other benefits. You've got to have a culture that allows employees to use those benefits without hobbling their careers.
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Until next week, | TALENT Will a flexible schedule sabotage your career? | Upwork has released its newest quarterly index of the 20 hottest skills in the U.S. freelance job market. This Upwork Skills Index sheds light on new and emerging skills — from podcasting to robotic process automation. | | | @Work Human Capital + Finance Investing in the Future of Work Innovations in technology present exciting opportunities to increase productivity, efficiency, and innovation, especially when coupled with the brains, EQ, and interpersonal skills of a highly skilled workforce. CNBC's @Work is an exclusive three-part event series that will examine the impact of new technology on three different disciplines—human resources, IT and finance.
CNBC's @Work Human Capital + Finance summit will bring together financial leaders who play a critical role in shaping the workplace of the future to discuss new technology, funding innovation and growing the bottom line. | @Work Human Capital + Finance July 16, 2019 Chicago | |
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