Women are succeeding at work like never before, but it’s ruining their mental health. How companies can better support them—and reduce turnover

Getty Images

Good morning. Although women are playing an increasingly larger role in the global workforce, a new survey by Deloitte—of some 5,000 women across 10 countries —finds that at least half of them reported higher stress levels than a year ago, and more took time off due to mental health reasons.

The women surveyed are in roles ranging from non-managerial to C-suite and board positions. Mental health (48%) trailed only financial security (51%) and women's rights (50%) among their overall concerns, and results appear strongly linked to hours worked. Among those working just their contracted hours, about half described their mental health as good—a figure that plummeted to 23% for those who regularly worked extra. And just 37% of women said they felt able to switch off from work.

With fewer women also reporting that they felt supported by employers when it came to work-life balance issues, more were likely to switch jobs, according to the report, which also noted that 43% said they expected to stay with their current employer for just one to two years. Only 29% said they expected to stay at their job for three to five years, and just 9% said they'd remain for more than five years.

But a small subset of companies is making strides, according to Deloitte, which defines “Gender Equality Leaders” as employers that have built inclusive cultures that value work-life balance, and where women and their careers are supported. About 62% of women at such firms said they intended to stay with their employer for more than three years, compared with just 13% of those at firms defined as “Gender Equality Lagging.” And in terms of progressing into a senior leadership role, figures at those types of firms, respectively, came in at 92% versus 31%.

Regarding senior leadership positions, in an April Fortune opinion piece, Tacy M. Byham, CEO of DDI, a global leadership consulting firm, argues that gender equality at work still has a ways to go:

“While many business leaders are celebrating the fact that women CEOs now run more than 10% of the Fortune 500 and JetBlue made headlines this year for appointing Joanna Geraghty as the first female CEO of a major U.S. airline, I’m sitting here with many other women leaders asking, ‘That’s it?!’ Certainly, any progress is good, but at this rate of change, we won’t see an equal number of men and women in CEO seats until the next century.”

Many women early in their careers, Byham notes, are excluded from talent pools that receive more attention and guidance on climbing the latter. They “don’t get the skills development, leadership investment, and mentorship they need to advance—and that their male counterparts take for granted; and this mentorship gap only widens as women progress in their careers.”

Deloitte notes that just one in 10 women surveyed said their employer was taking concrete steps to fulfill its commitment to gender equality. According to the report: Women who work for Gender Equality Leaders, companies that demonstrate this focus, “feel safer, are more comfortable disclosing challenges with their health and well-being, and are significantly more likely to stay with their employer for longer.”

Sheryl Estrada
sheryl.estrada@fortune.com

María Soledad Davila Calero curated the Leaderboard and Overheard sections of today’s newsletter.

This story was originally featured on Fortune.com

Advertisement