Gender and the Economy Conference: Closing Remarks | Summary and Q&A

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January 11, 2023
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Federal Reserve
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Gender and the Economy Conference: Closing Remarks

TL;DR

The importance of community support and resilience in addressing challenges faced by women in the economy.

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Key Insights

  • 🤦‍♀️ The power of community support and resilience is crucial in overcoming challenges faced by women in the economy.
  • 👋 Strategies that support resilience at both individual and community levels yield the best return on investment.
  • ☠️ Mentorship and sponsorship programs significantly improve the promotion and retention rates of women in the workforce.
  • 🏛️ Investing in connections and fostering healthy relationships in the workplace is essential for building a resilient workforce.
  • 🙅‍♀️ The pandemic has highlighted the need to adopt and sustain the best responses to create a better environment for women to thrive in the economy.
  • 🧔‍♀️ Personal actions, such as reaching out to women in networks and communities, can contribute to supporting and investing in women's economic growth.
  • 😘 Community support and connections play a vital role in addressing the challenges faced by low-income women during the pandemic.

Transcript

for our final remarks of the day I would like to introduce Anna alvarez-boyd senior associate director at the division of consumer and Community Affairs here at the Federal Reserve board thank you Jennifer this has been this event has been two years in the making as the pandemic overtook our best laid plans but what a remarkable day of thoughtful D... Read More

Questions & Answers

Q: How did the speaker's personal experience with community support impact her career journey?

The speaker shares a story about a neighbor who showed up with a hot meal and utensils when she was feeling overwhelmed after moving, highlighting the power of community support and its positive impact on her resilience and faith in the future.

Q: What role did community support play for low-income women during the pandemic?

Low-income women relied on community support and connections to overcome the challenges caused by the pandemic. Orlando day Nursery, for example, received help from local contractors and farms to ensure access to food and hygiene supplies for struggling families in their community.

Q: How can mentorship and sponsorship programs benefit women in the workforce?

Formal mentoring programs have been shown to dramatically improve promotion and retention rates for women. Informal conversations and support from colleagues also have a significant impact on building confidence and a sense of belonging, contributing to their success in the workplace.

Q: What is the speaker's call to action for individuals?

The speaker encourages individuals to make time for virtual or in-person coffees with women in their networks and communities. This investment in resilience and support can help women thrive and contribute to a stronger economy.

Summary & Key Takeaways

  • The speaker shares a personal story about the power of community support and resilience in her career journey, emphasizing the importance of showing up for other women.

  • The pandemic highlighted the need for strategies that support resilience at both individual and community levels, as seen in the experiences of low-income women and the Orlando day Nursery.

  • Mentorship and sponsorship programs have been proven to improve promotion and retention rates for women in the workforce, and fostering these relationships is crucial for building a resilient workforce.

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