Will the pandemic change the workforce for women?

“When it comes to finances, it is women who will take the biggest hit from the coronavirus pandemic, according to a new report by PayScale.

With many schools closed, women are the ones who tend to take time away from work to care for their children, as well as elderly parents or family members who are at risk or confined.

When they seek to return to work, they’ll receive an offer that is 7% less than a candidate who is currently employed when applying for the same position, PayScale’s 2020 State of the Gender Pay Gap report said.

“The coronavirus pandemic has really exposed these cultural faults with our economic system,” said Sudarshan Sampath, PayScale’s director of research.”

For those women returning to the workforce, “there is a strong likelihood they will not get rehired or they’ll come back on reduced terms,” he said.

Even if women aren’t taking time away to help out their family, they may have lost their job due to business shutdowns caused by COVID-19.

“Women are over-represented in the low-paid service economy jobs that are really getting slammed right now with layoffs,” said Emily Martin, vice president of education and workplace justice at the National Women’s Law Center.”

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Source: cnbc