Flexible working can help retain entrepreneurial women, says CIPD
Employers can retain entrepreneurial women by adopting flexible or innovative working practices, the Chartered Institute of Personnel and Development (CIPD) has advised.
In its report Inspiring Female Entrepreneurs, the CIPD said 'urgent action' is needed to stem the leaking talent pipeline that could hinder growth.
The report also showed there are more than 2.4 million unemployed women who want to work and 1.3 million women who want to work more hours with their current employer.
CIPD public policy adviser Dianah Worman said employers need to broaden their talent pools and ensure they do not lose out on the skills, energy and passion women can bring to the workplace.
The research found the key drivers that motivate women to set up their own are the desire for more autonomy and the need for greater work-life balance. It identified other drivers as unhappiness with the gender pay gap and the glass ceiling in corporate life.
Naomi Timperley, co-director of Enterprise Lab and director of Social Media Boom, said:
"Women are increasingly savvy at recognising and tapping into emerging trends but there needs to be greater guidance out there for enterprising and creative women."
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