Women and the New Economy:    (see articles about this survey)   
Survey results:    receive a copy of this report         resources for you

Summary: Highlights And Implications
Demographics of our respondents

What are the upsides of working in the new economy?
What are the downsides ?
How are women treated?
What is the effect on our Personal Lives?
What are we anxious about?

What Are the Strategies Women USE?
How do women wish their companies operated?
What Keeps women in their Companies?

The Upsides:  Many of us love it.

 73% of women spoke about their ability to have an impact, a sense of satisfaction, achievement, autonomy, and freedom to be creative they experienced.  Fewer gender-related issues (though they still exist), and much greater flexibility to accomplish work in unconventional were described as the “upsides” of working in the new economy:

·        Many women described how the new economy provided them with a sense of satisfaction and achievement:

“The impact you can have, the freedom, the lack of bureaucracy, the companies tend to be smaller, which makes accomplishment or lack thereof more visible, which in turn cuts down the politics and rewards the high achievers.”

“The positive is the complete impact you can have on the organization and its growth. The feeling is amazing. Different from corporations, there is a real feeling of achievement and satisfaction.”

“Being part of a start-up enables me to derive a huge amount of satisfaction and passion from my job. We all work so hard regardless these days—it’s so much more gratifying to apply the sweat equity to a young enterprise where you feel like you’re making a major contribution. The personal relationships that grow out of the frenetic environment are great. Work is, for better or worse, a replacement for neighborhood communities these days. “

·        Some spoke about personal growth and autonomy as upsides of the new economy:

“Growth, personal and professional; diversity in tasks, opportunity to be a decision maker.”

“You are your own boss.  You make the decisions and get to implement without spending lost of time working with bureaucracy.  Lots of camaraderie.  The ups are much greater – because you feel the impact of your contributions.”

·        Others focused on the flexibility that their jobs allow for both creativity and their personal lives: 

“I think that the most important upside is that companies can be more flexible about the work hours and environment than larger more established companies. For example the ability to telecommute part-time and/or leave for an emergency or a personal issue is more likely to be an option.”

“One keeps one’s own schedules. The flexibility is probably more important for women with children than it is for men.”

·        Women also liked being part of the new economic revolution and having a greater impact and making a difference in the world:

“The feeling of being in something big or important from the beginning is exciting.  In ‘old economy’ jobs, women enter into something already established with expectations historically crafted around men.  In the new economy, women can be involved from the foundation on up, helping craft the standards and expectations that will define the industries.  It’s incredibly exciting.”

“The ability to be creative and develop entire companies and organizations from scratch.  The carte blanche ability to move as fast as possible, hire the best and brightest.  The ability to shape a culture from ground zero.  The ability to, on a daily basis, be a part of the greatest transformation in the world economy ever known to man due to the Internet.  I can look back 50 years from now and say that I was part of shaping history as opposed to sitting on the sidelines watching it happen.  It’s absolutely exhilarating.”

34% of women reported enjoying the challenge of the new economy – they described exciting work, and/or the fast paced, dynamic, non-hierarchical working environment.

“The new paradigm and the dynamics involved make this a creative and exciting time to work.”

“Exciting daily changes. Fun and young.” 

“It’s exciting to be on the cutting edge where all issues need to be rethought and nothing can be taken for granted.”

“Comfortable, casual, friendly, and professional atmosphere in the office. Co-workers are extremely helpful, responsive.”

In addition, 16% of women specifically mention that the financial reward potential is an important upside.

“Opportunity to create and be compensated for ground floor opportunities for both genders, especially women as they have an opportunity to more quickly benefit from the beginning of a gold rush, similar to the cable industries.”

Summary of upsides:

 Women described the upsides of the new economy in contradistinction to traditional companies they have previously worked for. The social construction of new economy companies is, in many ways, a remarkably good environment for women to be productive, and to achieve a significant impact in the world of business.   Again, we wonder whether this may have something to do with the fact that 50% of women list their position as president, owner, senior or upper-middle manager.

»NEXT: WHAT ARE THE DOWNSIDES?

Copyright 2000.GLS Consulting, Inc.