Budget 2017 - Government support for returnships could provide £1.7bn boost to economy
Published at 14:23 PM on 08 March 2017
Commenting on the government's £5m commitment to promoting returnship programmes, Laura Hinton, head of people at PwC, said:
“It’s great to see the government’s commitment and cash injection to promote returnship programmes. The business and economic arguments for returnships are compelling - our research shows that two-thirds of professional women go into lower-skilled or lower-paid roles when they return to work after a career break.
"Returnships are a great way to break down the career break penalty and give women the springboard needed to get back into the workplace. If we can get more women back into work the UK economy could see a £1.7bn boost, plus women will get higher earnings and businesses will benefit from more diverse teams.“From our own experience of starting a returnship programme it is clear that many women do want to return, it is the system that needs to change. We hope this commitment from the Government encourages other businesses to start their own returnships as they are a win-win for everyone involved.”
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