Research shows on an average an American woman at the age of 26 on a five-year career break loses $467,000 in her lifetime earnings. A number of working mothers in the U.S quitting their job to take care of families is 3 times more than male employees, as per reports.
Hagit Katzenelson, a product manager at Walmart labs had taken a nine-year career break to be with her family taking care of a sick member and three kids. The challenge to find employment again had been painful for her. Like Hagit Katzenelson there is a number of females losing jobs, money, and opportunities due to family commitments.
Walmart like an increasing amount of companies has come forward to help women bounce back in their career after the break by offering its “returnship” program. The program in partnership with Path Forward, a non-profit organization intends to place participants with career breaks and helping them rebuild their portfolio and skills. Gradually the candidates can apply for any full-time job role in Walmart. The initiative taken by Walmart last year had more than 30 women participants in a four-month paid program, after which 75% of the employees joined for a full-time position.
Bobbie Grafeld, VP of People expects to expand the program this year to 100 candidates across locations and hoping for a similar positive response she stated “will have a similar success rate and bring even more amazing, full-time, diverse technical talent to Walmart Labs.” as per reports.
Wal-mart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Wal-mart U.S., Wal-mart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!