Pricewaterhouse Coopers LLP recently conducted a survey of over 1,000 women who were city professionals, the results of which suggest that women’s careers will suffer disproportionately as a result of the current recession.
The results make for thought provoking reading. 73 per cent of those questioned believed that women would take the recession as an opportunity to exit corporate life completely and take redundancy as the chance for a new start.
45 per cent thought that the recession would lead many women to move into smaller businesses.
In contrast, 40 per cent said that they thought women would become the main earner and 36 per cent thought that women would no longer be regarded as the primary carer once the recession is over.
The respondents came from the UK, America, Australasia and Europe and worked primarily in the banking, finance and professional services sector.
50 per cent thought that the reductions taking place in learning and development budgets would make it far more difficult for women to progress in the long term.
The respondents were asked to select a prediction about the world of work. The top prediction was that more people will work unhealthily long hours as they strive to show that they are indispensible. All in all, the survey suggests the personal development of women in particular will suffer as a result of the economic downturn.