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NEWS AND INSIGHTS UPDATE:
According to research from the U.K.’s Association of Accounting Technicians, women who are “forced by time or financial constraints” to leave their careers after giving birth earn 60% less now than they did before they went on maternity leave. That translates into a pay cut of up to £20,000.
In fact, the average working mother earns £9,419 less per year in comparison to her pre-maternity leave income, and nearly 1 in 4 women (25%) have had to take “any” job to pay the bills.
To make matters worse, 70% of these women are over-qualified for the jobs they do now. The jobs they had to take when they returned to the workforce after giving birth would have been considered “below them” before they went on maternity leave.
Mark Williams of The Start Up Donut shares more insights from the women who participated in the study:
A third said the difference in salary has “affected their life negatively” and one in seven admitted that it had affected their marriage. Four in ten do their current job because it “fits in with family commitments and brings in extra money”; with just 16% saying they are passionate about their profession; and 30% describing their current job as “menial”. While working hours were reduced to enable mums to balance parenting responsibilities, only 20% of respondents said their current job was less stressful.
Get the details: Why don’t more women start businesses? via www.startupdonut.co.uk
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Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 25-year veteran of the marketing field and has authored ten books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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