February 22, 2021

Can 'returnships' help companies hire back millions of working moms?

[] Can 'returnships' help companies hire back millions of working moms? | Fortune© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our u003ca href="https://fortune.com/terms-of-use/">Terms of Useu003c/a> and u003ca href="https://fortune.com/privacy-policy/">Privacy Policyu003c/a> | u003ca href="/california-privacy-policy/#notice">CA Notice at Collection and Privacy Noticeu003c/a> | u003ca href="https://fortune.com/right-to-opt-out/">Do Not Sell My Personal Informationu003c/a> | u003ca href="http://preferences-mgr.trustarc.com/?pid=fortunemedia01&aid=fortunemedia01_pub&type=fortunemedia">Ad Choices u003c/a>u003cbr />nFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.u003cbr />nQuotes delayed at least 15 minutes. 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","type":"post"},"children":[{"name":"byline","config":{"link":"https://fortune.com/author/katherine-dunn/","name":"Katherine Dunn"},"children":[]},{"name":"image","config":{"aspectRatio":0.6666666666666666,"attachmentId":2953452,"alt":"Climate Package 2021-Home Emissions","caption":"","crops":[],"height":1920,"imageSize":"article-sidebar","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/02/Climate-Package-2021-Home_Emissions2.jpg?quality=60&resize=60,40","postId":2953006,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[130,86]},"descriptor":100}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/02/Climate-Package-2021-Home_Emissions2.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/02/Climate-Package-2021-Home_Emissions2.jpg?resize=260,172 200w,https://content.fortune.com/wp-content/uploads/2021/02/Climate-Package-2021-Home_Emissions2.jpg?resize=130,86 100w","url":"https://content.fortune.com/wp-content/uploads/2021/02/Climate-Package-2021-Home_Emissions2.jpg","useBasicImg":false,"usingDataFallback":false,"width":2880,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"100px"},"children":[]},{"name":"byline","config":{"link":"https://fortune.com/author/katherine-dunn/","name":"Katherine Dunn"},"children":[]}]}]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles1","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":2}},"children":[]},{"name":"dianomi","config":{"type":"sidebar"},"children":[]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles2","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":3}},"children":[]}]},{"name":"article-media","config":{"publishDate":"","type":"image","section":"Newsletters"},"children":[{"name":"image","config":{"aspectRatio":0.6666666666666666,"attachmentId":2955281,"alt":"Woman carrying laptop, purse and reusable coffee cup to work","caption":"'Returnships' have been around for a decade, but they're now emerging as a helpful tool to address women's employment crisis.","crops":[],"height":1413,"imageSize":"article-featured-image","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?quality=60&resize=60,40","postId":2955075,"retina":true,"showCaption":true,"sources":[{"transforms":{"resize":[750,500]},"descriptor":750,"media":{"min":"lg"}},{"transforms":{"resize":[500,333.34]},"descriptor":500,"media":{"min":"md"}},{"transforms":{"resize":[375,250]},"descriptor":375,"media":{"max":"md"}}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?resize=1500,1000 1500w,https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?resize=750,500 750w,https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?resize=1000,666 1000w,https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?resize=500,333 500w,https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?resize=750,500 750w,https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg?resize=375,250 375w","url":"https://content.fortune.com/wp-content/uploads/2021/02/GettyImages-1148948713.jpg","useBasicImg":false,"usingDataFallback":false,"width":2123,"credit":"Getty Images","fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"(min-width: 64rem) 750px,(min-width: 48rem) 500px,(max-width: 48rem) 375px,100vw"},"children":[]}]},{"name":"article-body","config":{"mediaType":"image","premiumCategory":"P-Newsletter"},"children":[{"name":"gutenberg-content","config":{},"children":[{"name":"html","config":{"content":" u003cp>u003cem>This is the web version of u003ca rel="noreferrer noopener" href="https://mynewsletters.fortune.com/broadsheet" target="_blank">The Broadsheetu003c/a>, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.u003c/em>u003c/p> u003cp>u003cem>Good morning, Broadsheet readers! The Pentagon reportedly delayed promoting female generals until Biden took office, a new venture fund plans to tap into the creator economy, and are 'returnships' an answer to women's employment crisis? Have a great Thursday. u003c/em>u003c/p> u003cp>u003cem>Today's guest essay comes to us from Fortune senior writer Maria Aspan: u003c/em>u003c/p>u003cp>u003c!-- piano selector -->u003c/p>u003cdiv class="paywall"> u003cp class="p1">u003cstrong>- Ready for re-entry?u003c/strong> One of the u003ca href="https://fortune.com/2021/02/05/covid-unemployment-rate-january-jobs-report-2021-jobless-job-loss-us-economy-working-women/">manyu003c/a>, u003ca href="https://fortune.com/2021/02/04/dad-caregiving-responsibilities-duties-time/">manyu003c/a> depressing things about the pandemic’s u003ca href="https://fortune.com/2021/01/29/us-unemployment-rate-women-job-losses-december-2020-numbers-workforce-covid-19-pandemic-impact/">disastrous impactu003c/a> on working women is how predictable it should have been.u003c/p> u003cp>You can’t say that about most of 2020. But as I’ve reported on the u003ca href="https://fortune.com/2021/02/01/women-unemployment-covid-government-help-labor-policy/">employment crisisu003c/a> for U.S. women, fueled by the u003ca href="https://fortune.com/2021/02/11/stimulus-checks-payments-mothers-us-moms-economists/">caregiving crisisu003c/a> among working mothers, I’ve heard the same refrain from senior executives, labor economists, and policy experts: “It’s a problem that’s existed for a long time,” Tami Forman, executive director of the nonprofit Path Forward, recently u003ca href="https://fortune.com/2021/02/17/returnships-working-moms-women-at-work-unemployment-covid/">told meu003c/a>.u003c/p> u003cp>Maybe one solution has, too. Path Forward is one of several organizations and employers that provide return-to-work programs to people (usually women) who have dropped out of the workforce for years (usually because of childcare or other caregiving obligations). These “returnships,” which I u003ca href="https://fortune.com/2021/02/17/returnships-working-moms-women-at-work-unemployment-covid/">wrote aboutu003c/a> for u003cem>Fortuneu003c/em> this week, pay workers to train on-the-job for several months and often lead to full-time employment in relatively well-paid corporate roles. For example, Path Forward, which works with employers including u003ca href="https://fortune.com/company/walmart/" target="_blank">Walmartu003c/a>, u003ca href="https://fortune.com/company/amazon-com/" target="_blank">Amazonu003c/a>, and u003ca href="https://fortune.com/company/facebook/" target="_blank">Facebooku003c/a>, says that about 80% of those who go through its returnships “graduate” to a full-time job.u003c/p> u003cp>Returnships u003ca rel="noreferrer noopener" href="https://fortune.com/2016/03/22/path-forward-returnship/" target="_blank">have been aroundu003c/a> for more than a decade, but a pandemic that’s forced more than u003ca href="https://fortune.com/2021/02/05/covid-unemployment-rate-january-jobs-report-2021-jobless-job-loss-us-economy-working-women/">2.3 million womenu003c/a> out of the labor force is renewing interest in them—from mothers who are hoping their u003ca href="https://fortune.com/company/zoom/" target="_blank">Zoomu003c/a> schooling obligations end eventually and from companies that could use such programs to hire women back. u003ca href="https://fortune.com/company/ibm/" target="_blank">IBMu003c/a>, for example, is widening eligibility for its internal returnships and told me that as of this month, it had seen a 167% increase in applications from a year earlier. (99% of participants in IBM’s returnships are women.)u003c/p> u003cp>Still, returnships face a huge supply and demand problem—and did long before the pandemic. To put it bluntly, employers just aren’t offering enough of them.u003c/p> u003cp>Last March, before the pandemic forced shutdowns, “I had thousands of women on an email list, hoping that my organization could find them a job,” Forman says. But Path Forward, which works with 85 employers, says that its clients have collectively hired only about 500 people over the past five years. And only a few thousand people at most are estimated to be enrolled in such programs every year—a blip next to the u003ca href="https://nwlc.org/wp-content/uploads/2021/02/January-Jobs-Day-FS.pdf">5.3 million net jobsu003c/a> that women have lost in the COVID crisis so far. u003c/p> u003cp>It may take months or years for the pandemic’s complete toll on working women to be revealed—and it won’t be fully addressed without the sweeping u003ca href="https://fortune.com/2021/02/01/women-unemployment-covid-government-help-labor-policy/">policyu003c/a> u003ca href="https://fortune.com/2021/02/11/stimulus-checks-payments-mothers-us-moms-economists/">changesu003c/a> my colleagues and I are continuing to report on. But in the interim, returnships and other u003ca href="https://fortune.com/2021/01/29/us-labor-force-women-crisis-companies-help/">employer-based programsu003c/a> provide some established examples of how large companies can support their female employees during the pandemic—and hire them back if and when it’s over.u003c/p> u003cp>After all, it’s going to take sustained effort, from all sides, to help women recover from this employment nightmare. As Forman warns, “women are going to get screwed by what’s happening right now, writ large.”u003c/p> u003cp>Read the full article u003ca href="https://fortune.com/2021/02/17/returnships-working-moms-women-at-work-unemployment-covid/">hereu003c/a>.u003c/p> u003cp>u003cem>Maria Aspanu003cbr>maria.aspan@fortune.comu003cbr>u003ca rel="noreferrer noopener" href="https://twitter.com/mariaaspan" target="_blank">@mariaaspanu003c/a>u003c/em>u003c/p> u003cp>u003cem>Today's Broadsheet was curated by u003ca href="https://twitter.com/_emmahinchliffe">Emma Hinchliffeu003c/a>. u003c/em>u003c/p> u003ch3>ALSO IN THE HEADLINESu003c/h3>nu003cp>u003cstrong>– Calculated timingu003c/strong>u003cstrong>.u003c/strong> The u003cem>New York Times u003c/em>reports that the Pentagon delayed promoting two generals—Gen. Jacqueline D. Van Ovost of the Air Force and Lt. Gen. Laura J. Richardson of the Army—out of a fear that the Trump White House would reject the women and choose their own male candidates for the posts. The recommended promotions are expected to be sent to the Biden White House soon. u003cem>u003ca href="https://www.nytimes.com/2021/02/17/us/politics/trump-biden-promotions-women-generals.html">New York Timesu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Opening up.u003c/strong> Naomi Osaka defeated Serena Williams in the Australian Open semifinal on Wednesday. The loss once again stopped Williams on her quest for a 24th grand slam; in an emotional post-match interview, Williams teared up while reflecting on “easy mistakes” she made during the matchup. u003cem>u003ca href="https://www.nytimes.com/2021/02/18/sports/naomi-osaka-serena-williams-australian-open-final.html?a">New York Timesu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Family feudu003c/strong>u003cstrong>.u003c/strong> When 93-year-old Beverly Schottenstein realized her two financial advisers at JPMorgan had put her $80 million in risky investments, run up huge fees, shredded documents, and lost account statements, she decided to take them to Financial Industry Regulatory Authority arbitrators. That decision was a loaded one: Schottenstein’s advisers were her own grandsons. She said she decided to pursue the case to draw attention to the possibility of elder financial abuse at all wealth and income levels. u003ca href="https://www.bloomberg.com/news/features/2021-02-17/at-93-she-waged-war-on-jpmorgan-and-two-financial-advisors-her-grandsons?srnd=premium">u003cem>Bloombergu003c/em>u003c/a>u003c/p>nu003cp>u003cstrong>– Never say neveru003c/strong>u003cstrong>.u003c/strong> The latest episode of u003cem>Fortuneu003c/em>‘s podcast u003cem>Leadership Next u003c/em>features Magic Leap CEO Peggy Johnson. She talks about refocusing the augmented reality brand on serving enterprise customers. But, Johnson adds, “consumer is definitely coming. It’s not a no; it’s just not right now.” Listen here: u003cem>u003ca href="https://link.chtbl.com/FortuneLeadershipNext?sid=Broadsheet">Fortuneu003c/a>u003c/em>u003c/p>nu003cp class="p1">u003cstrong>MOVERS AND SHAKERS: u003c/strong>Guardian Life promoted u003cstrong>Marianne Caswellu003c/strong> to president of Park Avenue Securities. Former eBay chief strategy officer u003cstrong>Kris Miller u003c/strong>joins the board of Chairish. u003c/p>nu003ch3>IN CASE YOU MISSED ITu003c/h3>nu003cp>u003cstrong>– Cold snapu003c/strong>u003cstrong>.u003c/strong> As cold temperatures and a failed power grid continue to leave Texans stranded without heat, water, or electricity, women incarcerated in a Fort Worth medical prison are experiencing some of the worst effects of the storm. FMC Carswell is the only federal medical facility for women in the country, and 1,000 women there have been living in freezing conditions in a “cinder block building with no insulation.” u003cem>u003ca href="https://www.star-telegram.com/news/local/fort-worth/article249283405.html">Fort Worth Star-Telegramu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Creator economyu003c/strong>u003cstrong>.u003c/strong> Atelier Ventures is a new $13 million seed fund from former Andreessen Horowitz partner Li Jin. The fund has an unusual goal: to be the “connective tissue” between creators and the venture industry. Jin plans to help companies connect with social influencers as investors—an appealing prospect for social personalities who want to build wealth outside tech platforms and companies seeking influencer marketing. u003ca href="https://fortune.com/2021/02/17/atelier-ventures-wants-to-bring-more-influencers-and-creators-into-venture-capital/">u003cem>Fortuneu003c/em>u003c/a>u003c/p>nu003cp>u003cstrong>– Maya for mayoru003c/strong>u003cstrong>.u003c/strong> Maya Wiley, a candidate for New York City mayor, is trying to lead the city through a moment of trauma. For that task, she’s leaning on the most traumatic experience of her own formative years: watching her father drown as they went out on the water in his new boat. Wiley’s life story and identity as a Black woman is a bigger part of her campaign than she once expected, in a wide field of candidates, many of whom are as politically progressive as she is. u003cem>u003ca href="https://nymag.com/intelligencer/article/maya-wiley-nyc-mayor-race.html">New York Magazineu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Explaining abuseu003c/strong>u003cstrong>.u003c/strong> In a new profile, musician FKA twigs shares more about her experience in a relationship with actor Shia LaBeouf that she says was abusive. (He previously responded that he has “no excuses for [his] alcoholism or aggression.”) “If you put a frog in a boiling pot of water, that frog is going to jump out straightaway,” she says by way of explaining how abuse can trap you over time. “Whereas if you put a frog in cool water and heat it up slowly, that frog is going to boil to death.” u003ca href="https://www.elle.com/culture/celebrities/a35460385/fka-twigs-shia-la-beouf-abuse/">u003cem>Elleu003c/em>u003c/a>u003c/p>nu003ch3>ON MY RADARu003c/h3>nu003cp>u003cb>Former India minister loses defamation suit in #MeToo case u003cem>u003ca href="https://www.bloomberg.com/news/articles/2021-02-17/former-india-minister-loses-defamation-suit-in-metoo-case">Bloombergu003c/a>u003c/em>u003c/b>u003c/p>nu003cp>u003cstrong>In videos, Dubai princess says she is a ‘hostage’ u003ca href="https://www.nytimes.com/2021/02/16/world/middleeast/sheikha-latifa-video-dubai.html">u003cem>New York Timesu003c/em>u003c/a>u003c/strong>u003c/p>nu003cp>u003cstrong>Kim Jong Un’s wife, Ri Sol Ju, goes to the theater after a year out of the spotlight u003ca href="https://www.wsj.com/articles/kim-jong-uns-wife-ri-sol-ju-goes-to-the-theater-after-a-year-out-of-the-spotlight-11613560691?mod=hp_listb_pos4">u003cem>Wall Street Journalu003c/em>u003c/a>u003c/strong>u003c/p>nu003ch3>PARTING WORDSu003c/h3>nu003cp>u003ca href="https://www.townandcountrymag.com/leisure/arts-and-culture/a35449203/michelle-pfeiffer-french-exit-interview-2021/">u003cb>“I’m at an age when the parts are getting more interesting again for me. I guess the timing of it really worked out, because I don’t feel I missed out on much.”u003c/b>u003c/a>u003c/p>nu003cp>-Michelle Pfeiffer on taking a break from actingu003c/p>nu003c/div>n"},"children":[]}]}]},{"name":"dianomi","config":{"type":"footer"},"children":[]}]}]}]}},"componentData":{},"error":null,"loading":false,"player":{"currentTime":0,"duration":0,"loading":false,"playing":false,"seek":0,"src":"","visible":false,"volume":0.5},"route":{"status":200,"redirectTo":"","redirectStatus":0,"action":"PUSH","pathname":"/2021/02/18/returnships-women-unemployment-back-to-work/","search":"?","hash":""},"visible":{"search":false,"primaryNav":false,"freestar":false,"adminBar":false},"contactForm":{"submitting":false,"submitted":false,"failed":false,"validation":{},"redirect":""},"user":{"isLoggedIn":false,"accessLevel":null}}; ]]> Source

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