Women over the age of 50 are the fastest-growing demographic in the workplace. But with more than 1 million UK women considering leaving their jobs due to a lack of menopause support, it’s crucial that companies start supporting individuals through perimenopause and menopause.
Despite often being at the peak of their careers, a study we ran with The Latte Lounge showed that 42% of menopausal women were thinking about leaving their jobs, 96% felt unprepared when they went through the menopause and 29% said they felt overwhelmed by it all.
It’s time to break the silence around menopause - especially in our workplaces - and start treating it like the public health issue that it is.
1. Menopause support is crucial in building an authentically diverse and inclusive workplace
Over recent years (and especially following the pandemic) there has been a welcome and necessary emphasis on both supporting diversity in the workplace and looking after the wellbeing of employees.
Conversations around the menopause have been steadily gaining momentum and many employers are recognising the fact they need to do more to support their team members who may be experiencing symptoms. Hormonal health journeys and the menopause can be extremely debilitating and career-impacting for people to suffer through without workplace support.
Fortunately, employers are now responding to these trends and looking at ways to support employees from all groups, including menopausal people.
If you’re looking to understand how the menopause can impact people’s daily and work lives, download our Whitepaper here.
People of menopausal age are typically at the peak of their careers, having established their expertise, professional reputations, networks, and successes. If employers can better support menopausal individuals, not only would it generate value in stronger recruitment efforts and more effective employee retention, but it would also go a long way to reflect their commitments to diversity, equity and inclusion.
Supporting menopausal women at work is advocacy for women in the workplace - it shows a company's true commitment to employee wellbeing.
2. You’ll retain your most talented people and attract the best people to join your team
Menopausal people are often at the peak of their careers, bringing valuable knowledge, skills, and experience to the business. But without support from their company and their teams, lots of people consider leaving work completely or look for work elsewhere.
It costs a company £30,000 on average to replace an employee, but companies that provide support for menopause and perimenopause are likely to retain a lot of these people who may otherwise leave. In our study run with The Latte Lounge, 75% of people who experience menopause symptoms said they’d be more loyal to a company that provides menopause support.
As well as this, more and more prospective employees are looking at wellbeing offerings and policies when looking for their next role. Companies that go the extra mile to create an open and inclusive workplace culture are significantly more attractive to join.
3. It'll show that you care about the progression of your employees (as well as the gender pay gap!)
Many people who were assigned female at birth feel like menopause hinders progression in their careers, and this lack of progression or retention of women in senior roles inevitably affects the gender pay gap. The gap is the widest for women over 50, earning 23% less than their male equivalents!
By actively supporting people through menopause, companies are more likely to see more women progress to senior roles, and research shows the most gender-diverse companies are more likely to make a greater profit and outperform those which are male-dominated.
4. You will see improved employee happiness and increased wellbeing and productivity
Around 59% of menopausal women took time off work due to symptoms, and 18% took more than 8 weeks off. However, with a more supportive work environment and access to menopause healthcare benefits, women are more likely to stay at work and be happier at work.
80% of those who suffer from menopause symptoms believe menopause support at work would lead to improved performance and productivity. So what are you waiting for? 😉
If you want to learn more about supporting women through the menopause at work, download our free Whitepaper now, or get in touch today at enquiries@fertifa.com - we’d love to hear from you.
