Figures released today confirm that female employees are weathering the recession better than their male counterparts
The study of 45,809 individuals shows that labour turnover amongst women has dropped to a five year low, with women more likely than men to hold on to their jobs as the recession continues to bite. This is also the first time in over a decade that female labour turnover is lower than that for men.
The findings, published by the Chartered Management Institute and CELRE, show that the proportion of women leaving, or changing jobs, currently rests at 4.3% - the lowest since 2005, when just 3.9% moved to a different employer. With male labour turnover currently at 4.8%, the signs are that female employees are in a better position to keep their jobs than males.
Indications are that this turnaround in fortunes may be due to female executives accepting job transfers, rather than redundancy. At junior levels, for example, 8% of women have transferred departments in the past 12 months – nearly double the proportion for men (4.5%). Amongst ‘function heads’ the gap still exists, though with 3.9% of female managers seeking transfers, numbers are on a par with their male counterparts (3.7%).
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