Standard Insurance Company has released new research underscoring the unique challenges women face when taking a leave of absence from work. The findings reveal that women are more likely than men to take leave and as a result, they suffer greater negative effects to their finances, emotional health, and career.
“Supporting women at work means being there when they need to step away,” says Amy Malagamba, vice president of marketing at The Standard. “Our research shows that when employers address women’s financial and mental health needs during and following leave, they build a more loyal, engaged and productive workforce.”
Key findings include the following.
- Over half (59%) of women say taking leave negatively affected their finances and 36% report negative effects on their emotional health.
- Nearly a quarter of women take leave for mental health and it is the top reason women don’t return to work.
- Over half (53%) of women report taking a leave of one month or more, compared to 47% of men.
- Women who receive employer accommodations experience fewer negative effects on their productivity and finances.
- While 61% of women say their employer makes accommodations for pregnancy, only 44% feel supported for broader women’s health issues.
Considerations for employers include the following.
- Embed support in company culture. Ensure leave and options for accommodations are openly discussed and valued.
- Communicate benefits clearly. Make sure women know about company resources for health, caregiving, and financial wellness.
- Offer comprehensive return-to-work programs. Flexible, empathetic processes help women reintegrate and stay productive.
- Prioritize mental health. Provide access to counseling, paid mental health days, and employee resource groups (ERGs).
“Leave is mean to help workers, but too often it comes at a cost for women and their families,” says Malagamba. “Employers who invest in targeted support not only help women succeed but they also strengthen their entire organization.”
