 | FRI, MAR 24, 2023 | | | |
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| | | TECH, TRANSFORMATION AND THE FUTURE OF WORK | | | |
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Welcome to the CNBC Work newsletter, brought to you by CNBC Events. Think a friend, colleague or business partner should receive this newsletter? Subscribe here. As Women's History Month comes to a close, we're taking a look at women in leadership within major companies. Over, the past five years, the number of S&P 500 C-suite positions held by women has grown. In 2018, female CFOs accounted for 13% and that has now grown to 18%. As for female CEOs, that number has grown from 4.7% to 8%. In the Fortune 500, women account for 10% of CEOs which is an all time high.
While those gains should be celebrated, women in the top job are still a minority across most sectors and are even declining in others. The number of women leaders in tech has fallen to 28% from a high of 33%.
When women are in positions of leadership, the benefits can be widespread. Studies show having women in the boardroom or in the C-Suite promotes further diversity throughout a company. In addition, S&P 500 companies that have more than 25% of female executives are more likely to achieve higher profitability than their competitors. Although there is still progress to be made it is important to highlight the ongoing victories for women in the workforce. For more on the world of work, check out our Key Stories roundup below. Until next time, stay safe, stay healthy and stay in touch. |
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| The unhappiest jobs are also some of the loneliest, according to an 85-year study from Harvard researchers. While particular roles can't be reliably correlated with dissatisfaction and burnout, certain job characteristics can be, Robert Waldinger, MD, a professor of psychiatry at Harvard Medical School and director of the Harvard Study of Adult Development, one of the longest-running studies on happiness, tells CNBC Make It. |
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| Recent layoff announcements in the tech sector from Meta Platforms to Palantir and Eventbrite are further proof that tech companies are still shedding workers. According to Crunchbase, the tech industry cut 234,000 workers last year and 94,000 since January. Even so, it's harder to find and retain tech talent, according to a survey of 1,000 human resources professionals by General Assembly, a professional placement and talent recruitment firm. |
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| Burnout from workplace stress is at an all-time high since spring 2021, according to new research from Future Forum. Of 10,243 full-time desk-based workers polled in six countries including the United States and the United Kingdom, over 40% said they are burned out, which the World Health Organization defines as an increased mental distance from one's job, feelings of energy depletion and negativism. |
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Healthy Returns | Moonshots to Miracles | March 29 CNBC Healthy Returns convenes a world-class virtual gathering of CEOs, scientists, investors and innovators in the health care space to reflect on the progress made today to reinvent the future of medicine, including the newest drug breakthroughs and device innovations. Plus, an exclusive rundown of the best investment opportunities in biopharma, health-tech and managed care. Learn more and register here. |
Equity and Opportunity | Securing an Economic Future for all | April 4 From gaps in retirement savings to healthcare costs to diversity in corporate executive ranks, the disparity in opportunities for working Americans continues to break along racial and ethnic lines. While some progress has been made, more work is needed to close these gaps, not just as a moral imperative, but an economic one as well. Studies show that the greater the number of Americans able to secure their financial futures, the greater the benefits to the overall economy. Learn more and register here. |
The CNBC Workforce Executive Council is headed to San Diego in April! The CNBC Workforce Executive Council, the premier network of CHROs, Chief People Officers and Chief Diversity Officers, will be on the ground at the Workhuman Live event in sunny San Diego this April. Apply to join us for an exclusive, invitation-only dinner hosted by WEC. Plus, register here for the Workhuman Live conference using WC code WHL23-CNBC30 to save 30%. |
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