New Study Highlights Overwork Disadvantages for Women

New Study Highlights Overwork Disadvantages for Women

Americans are known for logging more hours at work than most other developed nations, often linked to higher raises and faster promotions. However, a recent study published in Social Psychology Quarterly reveals how this overwork culture significantly disadvantages women in two key ways, whether they choose to overwork or not.

The study involved 230 U.S. employees who reviewed two hypothetical worker profiles with identical performance reviews but different working hours—one at 40 hours a week, and another at 60. Despite similar performance levels, the worker logging 60 hours was favored nearly 89% of the time for promotions and management training, indicating a strong overwork premium.

This bias puts women at a disadvantage for several reasons:

  • Women and Unpaid Labor: Women often engage in more unpaid household and childcare labor, which can limit their availability for extended work hours.
  • Efficiency Overlooked: Even if women complete the same workload more efficiently in fewer hours, their efficiency is undervalued compared to longer working hours.
  • Gender Bias in Overwork: When women do work longer hours, the study found they are less likely to receive the same rewards as men, who are often seen as more committed.

The findings suggest a critical need for organizations to move away from hours-based performance evaluations to more objective and results-oriented metrics. This shift could enable fairer assessments and help close the gender gap in workplace rewards. Moreover, promoting more balanced work hours and reducing the emphasis on overwork could benefit all employees’ health and overall workplace productivity.

For more detailed insights, read the full article: https://www.forbes.com./sites/michelletravis/2024/04/09/why-women-cant-overwork-themselves-out-of-workplace-inequality/?sh=2fe893e5485b

ING Americas & RTSWS Celebrate FinLit Month with Reimagined Alumnae & Career Center

ING Americas & RTSWS Celebrate FinLit Month with Reimagined Alumnae & Career Center

RTSWS Chosen by Jenny Johnson in Bloomberg’s #BracketsForACause Initiative

RTSWS Chosen by Jenny Johnson in Bloomberg’s #BracketsForACause Initiative

Bloomberg’s recent #BracketsForACause initiative has garnered attention worldwide, showcasing the generosity and commitment of global leaders in philanthropy. Each leader pledged $20k, resulting in an impressive $1 million impact. Among the notable figures is Jenny Johnson of Franklin Templeton, who selected Rock The Street, Wall Street (RTSWS) as her chosen cause.

The initiative, spearheaded by Bloomberg, aims to support various charitable organizations while adding an exciting twist to the tradition of March Madness. Johnson’s selection of RTSWS underscores the organization’s dedication to bringing the M in STEM to diverse high school girls, with a focus on financial and investment fundamentals.

Other leaders participating in the initiative include David Solomon of Goldman Sachs, supporting the Food Education Fund, Ken Griffin of Citadel, championing Achieve Miami, and Peter T. Grauer of Bloomberg, who backs The Michael J. Fox Foundation for Parkinson’s Research. The collective impact of these contributions is significant and demonstrates the power of philanthropy to effect positive change.

RTSWS expresses profound gratitude to Jenny Johnson and all the leaders involved in the initiative for their generous support. Their commitment not only amplifies the mission of RTSWS but also inspires hope and empowerment among young women pursuing careers in finance and STEM.

Additionally, special recognition goes to the BBG team for their outstanding work on the interactive piece: Bloomberg’s 2024 March Madness Brackets for a Cause. Michael Boyle, Julian Burgess, Brittany Harris, Jeremy Diamond, and Cédric Sam are commended for their efforts in creating an engaging platform for charitable giving.

As RTSWS joins in the excitement of March Madness, the organization extends its heartfelt appreciation to Jenny Johnson and all the leaders for their unwavering support in making a difference in the lives of young women around the world.