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Look Before You Leap!
 A Two-Part Webinar
       Part I: Motherhood Guilt or
            Job Dissatisfaction?
                Presenter:
   Kathryn Sollmann, 9 Lives for Women
About Kathryn Sollmann

  • Co-founded network of 9,000
    women—recruiting, career
    coaching, job search and
    networking services
  • One of first to focus on
    “returning professional” women
  • Coached hundreds of women on
    other side of the “leap”—
    women disenchanted with
    volunteering & eager to return
    to work


www.ivyexec.com                            2
About 9 Lives for Women

  • Launched 9 Lives for Women in
    2012
  • Multi-channel blog site and
    consulting services
  • Help women navigate 9 work &
    life stages from college to
    retirement years
  • Continue to coach women who
    struggle to reenter workforce




www.ivyexec.com                             3
What Inspired My Work with Women

  • In 1980 I heard Gloria Steinem’s
    famous “You Can Have it All”
    speech on my women’s college
    campus
  • I didn’t hear her say you can
    have it all because someone is
    going to give it to you




www.ivyexec.com                              4
Flexibility Today: 1 Step Forward, 2 Steps Backward

  • Most companies have still not figured out how to
    institutionalize flexibility
  • Pockets here & there: nearly half of Aetna’s employees
    work at home
  • Yahoo moved backward and ordered all employees back
    to the office
  • In the near term work-life balance will continue to be
    mostly one-off deals with individual employees.



www.ivyexec.com                                              5
Work-Life FIT is Up to You

  “Whether you have a supportive workplace culture or you
  don’t, the responsibility for making it work comes down to
  each of us,” says Brad Harrington, exec. director of Boston
  College Center for Work & Family. “You can only blame your
  employer for so long. Assuming you have marketable skills &
  you have the courage of your convictions, at some point you
  have to say, ‘it comes down to me to fix the situation.’”




www.ivyexec.com                                                 6
This webinar will help you decide…

  • If you’re thinking of leaving the
    workforce for the right reasons
  • If you’ve considered not only the
    positive side positives—but also
    how leaving could negatively
    impact your career, family and
    life
  • If complete work/life “balance”
    is actually attainable in or out of
    the workforce



www.ivyexec.com                                  7
Who or What is Driving You Out of the Workforce?

                          Do you have a bad case of motherhood guilt?

                          • Pressure from family & friends
                          • Overblown news stories
                          • Recent study: daycare does not cause
                            behavior problems




www.ivyexec.com                                                    8
Why Are You Considering a Hiatus?

  • Fueled by emotions?
  • Short-term fix for longer-term issues?
  • Problems that could be solved now?



                    POLL:

                    What’s your top reason?


www.ivyexec.com                                9
The Majority of Mothers Work at All Economic Levels
    As of 2012, the Pew Research Study found that 7
    out of 10 women work

   • All these women are not raising
     troubled kids
   • Kryptonite can’t destroy mother-
     child bond




www.ivyexec.com                                       10
Myth that Working Moms Spend No Time with their Children


   “Studies have shown that working moms spend 86% as much
   time home with their children as employed Moms do. Working
   parents, too, are part of their children’s educational, social &
   emotional development.”

   --From “Opt Out or Pushed Out: How the Press Covers Work/Family Conflicts” by Center for Worklife Law,
   University of California




 www.ivyexec.com                                                                                       11
Let Kids Be the Judge


  Question posed to Mary Quigley, NYU Professor & author of blog on mothering adult
  children (www.mothering21.com):


  Women who leave the workforce often do so out of fear that
  not being home will have a long-term negative effect on their
  children. You teach a lot of young people—do you see a lot of
  damage caused by working mothers? Have most working
  women been positive or negative role models?



www.ivyexec.com                                                                12
Answer from Mary Quigley on Impact of Working Moms



  “Most of the young people I teach have mothers who always
  worked or returned to work at some point. I don’t hear
  resentment about the fact that their mothers worked—in fact I
  think they’re proud and appreciative that their mothers’
  earnings helped the family with things like expensive college
  tuitions.”




www.ivyexec.com                                             13
Working to be A Role Model




    •   Both boys and girls benefit from working mother role model
    •   Girls need to see that women can take care of themselves
    •   Boys need to see that women can support a family, too
    •   Story of young boy who believes men are most powerful

www.ivyexec.com                                                      14
Work and Your Other Key Relationship
    Will it be 1950 or 2013 in your partnership if you
    don’t work?

   • Power of money in a marriage
   • How will your partnership
     change?
   • How will you define equality?
   • How will you & your partner
     define your role at home?
   • Story: “What have you done all
     day?”


www.ivyexec.com                                          15
Face Your Honest Feelings About Your Current Work

   • Lack of overall professional
     ambition?
   • More interested in “job” than
     “career”?
   • Industry wrong fit?
   • Job function wrong fit?



   FACT: Few women leave the workforce because
   they hate their jobs.


www.ivyexec.com                                     16
The Crux of the Matter: Why Do You Work?



                      POLL:

                      What’s the Main Reason
                      that You Leave the
                      House Each Day?



www.ivyexec.com                                     17
Can You Afford Not to Work?

   • Current comfort vs. future needs
   • Can big expenses—e.g., desired home
     renovations or college educations be
     covered by one income?
   • Retirement savings—need 20X final
     household income before retirement
   • Care of family members with limited
     resources
   • The “you never knows”—spouse job loss,
     death, divorce



www.ivyexec.com                                 18
Elder Care Cost for You & Your Parents

   • National average hourly rate for home
     health aides: $21 per hour
   • National average monthly base rate in
     assisted living community: $3,550
   • National average daily rate for nursing
     home: $222 - $228.
      Source: MetLife Mature Market Institute, 2012




www.ivyexec.com                                       19
What You Need for Retirement Security


   Example: If your household income is $100K at
   retirement, you need $2 million saved beyond
   Social Security




www.ivyexec.com                                 20
Alarming U.S. Retirement Savings Shortfalls

   • 75% nearing retirement in 2010 had less
     than $30K in their retirement accounts
   • Almost half of middle class workers will
     be poor or near poor in retirement,
     living on food budget of about $5/day
   • 32% of retired women have pensions vs.
     55% of men—and women’s benefits
     amount to about half of men’s
      Source: “Our Ridiculous Approach to
      Retirement”, New York Times, July 21, 2012


www.ivyexec.com                                     21
We All Make Sacrifices for Our Children…
   …but sacrificing long-term financial security may be one sacrifice too many.




www.ivyexec.com                                                            22
Why Do You Work? Career Goals

   What do you want to achieve
   before final retirement?

   •   Title or level
   •   Compensation
   •   Specific accomplishments for you or
       others
   •   Industry recognition
   •   Fame



www.ivyexec.com                              23
How Would A Hiatus Set You Back?




    •   93% of women want to return to work; only 74% succeed (source: prominent
        demographer Sylvia Ann Hewlett)
    •   Women who stay out of workforce 3 or more years lose 37% of earning
        power (source: www.momsrising.com)
    •   How could you keep a hand in your career?
    •   What resources would help you resume your career?

www.ivyexec.com                                                           24
Why Do You Work? Sense of Self

   Confidence is the first thing that falls
   through a gap in a resume…“I used to be
   someone”
   What drives your sense of self?
   •   Intellectual capability?
   •   Career success?
   •   Ability to help others?

   Assess professional vs. personal factors


www.ivyexec.com                                    25
What Would Your Stay-At-Home Elevator Speech Be?

   I’m just at home taking care of the kids

   vs

   I’ve taken a five-year hiatus from the
   workforce until my kids are in middle
   school. In the meantime I’m
   continuing to use my accounting
   skills on the finance committee of my
   town.



www.ivyexec.com                                  26
Know Your Professional Persona



   You can take a woman out of
   professional work, but you
   can’t always take the
   professional work out of a
   woman.



www.ivyexec.com                                    27
Why Do You Work? Intellectual Fulfillment

   Where will you find intellectual
   stimulation at home?

   •   Type A vs. Type B stay-at-home Moms
   •   Board members vs. room mothers
   •   Intellectual outlets: educational courses,
       freelance work, etc.

   Thrill of no commute and neglected house
   projects wears off


www.ivyexec.com                                     28
Do What Makes YOU Happy


   •   When Mommy is happy, baby is happy
   •   “Feel guilty” time vs. “me time”
   •   Personal needs vs. family needs


    Where will you be happiest in the short
    and long-term—work or home?




www.ivyexec.com                               29
Don’t Leave Without It… A Solid Stay-At-Home Plan

   How you will take care of
   yourself…not just your family?

   •    Continued household help/child care to free
        up “me time”?
   •    Intellectual pursuits
   •    Volunteer work special to you
   •    Freelance work to stay current
   •    Continuing education
   •    How to keep professional relationships alive


www.ivyexec.com                                        30
The Myth of Work-Life Balance…In or Out of the Workforce



   •    Seesaws are always
        uneven
   •    Workaholics vs.
        volunteeraholics
   •    Manage expectations—
        your current form of
        “work” or home at high
        end of seesaw at different
        times



www.ivyexec.com                                              31
A Professional Hiatus May Be the Right Decision for You If…


   • You’re leaving on your own volition—not the pressure of
     others
   • You are truly unhappy with your job or career and you
     need to regroup
   • You will not jeopardize current or future financial
     security
   • You’ve made a professional case for flexibility in your
     current job (Part II of webinar!) to no avail…and…



www.ivyexec.com                                              32
A Professional Hiatus May Be the Right Decision for You If…


   • You’ve exhausted flexible work options at other
     companies
   • Entrepreneurial ventures are not for you
   • You have a solid “stay at home” plan for intellectual
     stimulation, self-fulfillment and life partner equality.




www.ivyexec.com                                                 33
Part II of Look Before You Leap Webinar on April 30th, Noon EST


   This “Exhaust Your Flexible Work Options” discussion will
   help you:

   •   Determine first if flexibility is possible in your current job
   •   Research successful flexibility case studies
   •   Make a professional, business case for flexibility
   •   Write a compelling flexibility proposal
   •   Consider flexible alternatives beyond your current company,
       including entrepreneurial ventures.



www.ivyexec.com                                                         34
Let’s Stay in Touch



                  Email me at ksollmann@9livesforwomen.com
                  or tweet at @9livesforwomen with additional
                  questions, comments and topics you would like
                  me to cover in Part II.




    Many thanks for your participation!


www.ivyexec.com                                               35

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Look Before You Leap: A 2-Part Webinar Series For Professionals With One Foot On The Off Ramp

  • 1. Look Before You Leap! A Two-Part Webinar Part I: Motherhood Guilt or Job Dissatisfaction? Presenter: Kathryn Sollmann, 9 Lives for Women
  • 2. About Kathryn Sollmann • Co-founded network of 9,000 women—recruiting, career coaching, job search and networking services • One of first to focus on “returning professional” women • Coached hundreds of women on other side of the “leap”— women disenchanted with volunteering & eager to return to work www.ivyexec.com 2
  • 3. About 9 Lives for Women • Launched 9 Lives for Women in 2012 • Multi-channel blog site and consulting services • Help women navigate 9 work & life stages from college to retirement years • Continue to coach women who struggle to reenter workforce www.ivyexec.com 3
  • 4. What Inspired My Work with Women • In 1980 I heard Gloria Steinem’s famous “You Can Have it All” speech on my women’s college campus • I didn’t hear her say you can have it all because someone is going to give it to you www.ivyexec.com 4
  • 5. Flexibility Today: 1 Step Forward, 2 Steps Backward • Most companies have still not figured out how to institutionalize flexibility • Pockets here & there: nearly half of Aetna’s employees work at home • Yahoo moved backward and ordered all employees back to the office • In the near term work-life balance will continue to be mostly one-off deals with individual employees. www.ivyexec.com 5
  • 6. Work-Life FIT is Up to You “Whether you have a supportive workplace culture or you don’t, the responsibility for making it work comes down to each of us,” says Brad Harrington, exec. director of Boston College Center for Work & Family. “You can only blame your employer for so long. Assuming you have marketable skills & you have the courage of your convictions, at some point you have to say, ‘it comes down to me to fix the situation.’” www.ivyexec.com 6
  • 7. This webinar will help you decide… • If you’re thinking of leaving the workforce for the right reasons • If you’ve considered not only the positive side positives—but also how leaving could negatively impact your career, family and life • If complete work/life “balance” is actually attainable in or out of the workforce www.ivyexec.com 7
  • 8. Who or What is Driving You Out of the Workforce? Do you have a bad case of motherhood guilt? • Pressure from family & friends • Overblown news stories • Recent study: daycare does not cause behavior problems www.ivyexec.com 8
  • 9. Why Are You Considering a Hiatus? • Fueled by emotions? • Short-term fix for longer-term issues? • Problems that could be solved now? POLL: What’s your top reason? www.ivyexec.com 9
  • 10. The Majority of Mothers Work at All Economic Levels As of 2012, the Pew Research Study found that 7 out of 10 women work • All these women are not raising troubled kids • Kryptonite can’t destroy mother- child bond www.ivyexec.com 10
  • 11. Myth that Working Moms Spend No Time with their Children “Studies have shown that working moms spend 86% as much time home with their children as employed Moms do. Working parents, too, are part of their children’s educational, social & emotional development.” --From “Opt Out or Pushed Out: How the Press Covers Work/Family Conflicts” by Center for Worklife Law, University of California www.ivyexec.com 11
  • 12. Let Kids Be the Judge Question posed to Mary Quigley, NYU Professor & author of blog on mothering adult children (www.mothering21.com): Women who leave the workforce often do so out of fear that not being home will have a long-term negative effect on their children. You teach a lot of young people—do you see a lot of damage caused by working mothers? Have most working women been positive or negative role models? www.ivyexec.com 12
  • 13. Answer from Mary Quigley on Impact of Working Moms “Most of the young people I teach have mothers who always worked or returned to work at some point. I don’t hear resentment about the fact that their mothers worked—in fact I think they’re proud and appreciative that their mothers’ earnings helped the family with things like expensive college tuitions.” www.ivyexec.com 13
  • 14. Working to be A Role Model • Both boys and girls benefit from working mother role model • Girls need to see that women can take care of themselves • Boys need to see that women can support a family, too • Story of young boy who believes men are most powerful www.ivyexec.com 14
  • 15. Work and Your Other Key Relationship Will it be 1950 or 2013 in your partnership if you don’t work? • Power of money in a marriage • How will your partnership change? • How will you define equality? • How will you & your partner define your role at home? • Story: “What have you done all day?” www.ivyexec.com 15
  • 16. Face Your Honest Feelings About Your Current Work • Lack of overall professional ambition? • More interested in “job” than “career”? • Industry wrong fit? • Job function wrong fit? FACT: Few women leave the workforce because they hate their jobs. www.ivyexec.com 16
  • 17. The Crux of the Matter: Why Do You Work? POLL: What’s the Main Reason that You Leave the House Each Day? www.ivyexec.com 17
  • 18. Can You Afford Not to Work? • Current comfort vs. future needs • Can big expenses—e.g., desired home renovations or college educations be covered by one income? • Retirement savings—need 20X final household income before retirement • Care of family members with limited resources • The “you never knows”—spouse job loss, death, divorce www.ivyexec.com 18
  • 19. Elder Care Cost for You & Your Parents • National average hourly rate for home health aides: $21 per hour • National average monthly base rate in assisted living community: $3,550 • National average daily rate for nursing home: $222 - $228. Source: MetLife Mature Market Institute, 2012 www.ivyexec.com 19
  • 20. What You Need for Retirement Security Example: If your household income is $100K at retirement, you need $2 million saved beyond Social Security www.ivyexec.com 20
  • 21. Alarming U.S. Retirement Savings Shortfalls • 75% nearing retirement in 2010 had less than $30K in their retirement accounts • Almost half of middle class workers will be poor or near poor in retirement, living on food budget of about $5/day • 32% of retired women have pensions vs. 55% of men—and women’s benefits amount to about half of men’s Source: “Our Ridiculous Approach to Retirement”, New York Times, July 21, 2012 www.ivyexec.com 21
  • 22. We All Make Sacrifices for Our Children… …but sacrificing long-term financial security may be one sacrifice too many. www.ivyexec.com 22
  • 23. Why Do You Work? Career Goals What do you want to achieve before final retirement? • Title or level • Compensation • Specific accomplishments for you or others • Industry recognition • Fame www.ivyexec.com 23
  • 24. How Would A Hiatus Set You Back? • 93% of women want to return to work; only 74% succeed (source: prominent demographer Sylvia Ann Hewlett) • Women who stay out of workforce 3 or more years lose 37% of earning power (source: www.momsrising.com) • How could you keep a hand in your career? • What resources would help you resume your career? www.ivyexec.com 24
  • 25. Why Do You Work? Sense of Self Confidence is the first thing that falls through a gap in a resume…“I used to be someone” What drives your sense of self? • Intellectual capability? • Career success? • Ability to help others? Assess professional vs. personal factors www.ivyexec.com 25
  • 26. What Would Your Stay-At-Home Elevator Speech Be? I’m just at home taking care of the kids vs I’ve taken a five-year hiatus from the workforce until my kids are in middle school. In the meantime I’m continuing to use my accounting skills on the finance committee of my town. www.ivyexec.com 26
  • 27. Know Your Professional Persona You can take a woman out of professional work, but you can’t always take the professional work out of a woman. www.ivyexec.com 27
  • 28. Why Do You Work? Intellectual Fulfillment Where will you find intellectual stimulation at home? • Type A vs. Type B stay-at-home Moms • Board members vs. room mothers • Intellectual outlets: educational courses, freelance work, etc. Thrill of no commute and neglected house projects wears off www.ivyexec.com 28
  • 29. Do What Makes YOU Happy • When Mommy is happy, baby is happy • “Feel guilty” time vs. “me time” • Personal needs vs. family needs Where will you be happiest in the short and long-term—work or home? www.ivyexec.com 29
  • 30. Don’t Leave Without It… A Solid Stay-At-Home Plan How you will take care of yourself…not just your family? • Continued household help/child care to free up “me time”? • Intellectual pursuits • Volunteer work special to you • Freelance work to stay current • Continuing education • How to keep professional relationships alive www.ivyexec.com 30
  • 31. The Myth of Work-Life Balance…In or Out of the Workforce • Seesaws are always uneven • Workaholics vs. volunteeraholics • Manage expectations— your current form of “work” or home at high end of seesaw at different times www.ivyexec.com 31
  • 32. A Professional Hiatus May Be the Right Decision for You If… • You’re leaving on your own volition—not the pressure of others • You are truly unhappy with your job or career and you need to regroup • You will not jeopardize current or future financial security • You’ve made a professional case for flexibility in your current job (Part II of webinar!) to no avail…and… www.ivyexec.com 32
  • 33. A Professional Hiatus May Be the Right Decision for You If… • You’ve exhausted flexible work options at other companies • Entrepreneurial ventures are not for you • You have a solid “stay at home” plan for intellectual stimulation, self-fulfillment and life partner equality. www.ivyexec.com 33
  • 34. Part II of Look Before You Leap Webinar on April 30th, Noon EST This “Exhaust Your Flexible Work Options” discussion will help you: • Determine first if flexibility is possible in your current job • Research successful flexibility case studies • Make a professional, business case for flexibility • Write a compelling flexibility proposal • Consider flexible alternatives beyond your current company, including entrepreneurial ventures. www.ivyexec.com 34
  • 35. Let’s Stay in Touch Email me at ksollmann@9livesforwomen.com or tweet at @9livesforwomen with additional questions, comments and topics you would like me to cover in Part II. Many thanks for your participation! www.ivyexec.com 35