The long-term prospects for women who take time out from their careers have worsened since the recession, according to a new study from the Center for Work Life Policy.
Since the recession, the study found, time outs or “off-ramping” from a career for childcare or other reasons have become increasingly unaffordable to women whose income has become even more important to family budgets. Moreover, for women who do take a time out, getting back into the workforce has become even more difficult:
- 73% percent of women trying to return to the workforce after a voluntary timeout for childcare or other reasons have trouble finding a job.
- Those who do return lose 16% of their earning power and over a quarter report a decrease in their management responsibilities.
- 22% had to step down to a lower job title.