71.4% of Lyft’s working parents fear their performance being unfairly evaluated

working parentsolga-filo / Pixabay

It’s undeniable that every professional is struggling to adjust as work-from-home becomes the new normal. These adjustments are even tricker when your new coworkers are under the age of 18. I wanted to share what working parents are feeling in terms of productivity, time spent trying to do their jobs, and unfair performance evaluations. Blind, an anonymous professional network, with 3.2M verified users, took to the platform and asked our users three questions:

Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q1 2020 hedge fund letters, conferences and more

  1. Are you a parent and working from home with a child?
  2. How many additional hours does it take to complete your typical workday deliverables?
  3. Are you concerned your performance is being inequitably compared to your colleagues?

Working Parents Putting In Additional Hours

Key Findings as of 4/06 (~6,163 Responses): 

  • 53.3% of surveyed professionals are working from home with a child
  • 61% of surveyed working parents are working 3+ additional hours to complete their typical workday deliverables
    • 14% of working parents are not working additional hours
    • 25% are working 1-2 additional hours
      • 68.8% of Google's working parents are working 3+ additional hours
      • 65% of Facebook working parents are working 3+ additional hours
      • 35.8% of Salesforce's working parents are working 1-2 additional hours
  • 51.6% of surveyed professionals are concerned their performance is being inequitably compared to their colleagues
    • 71.4% of Lyft
    • 60.8% of Google
    • 62.3% of Facebook
    • 57.2% of Microsoft employees

Why It Matters:

Blind opened up a working parent channel where parents are sharing their gratitude, frustrations, and unfiltered truths about what it's like to have a career and a child during a pandemic. No two households face the same challenges; similarly, no two colleagues have the same needs. This puts a new emphasis on the need for open and transparent communication. The newly co-mingled work and personal life have varying needs. One coworker's want for a virtual happy hour may be a burden on a working parent who needs that time to cook family dinner. Navigating those different expectations requires transparency.

Communicating which blocks of time on your calendar are realistic time commitments for you is the most effective way for work expectations and deliverables to be met. Flexible work arrangements give professionals the freedom over when and where they can effectively fulfill their job responsibilities. For example, a working parent may want to squeeze in that important client call during an established nap time, allowing the flexibility for that is vital.

Empathy is needed now more than ever. We are all ironing out the hiccups of what this new "normal' is. It is important to see the humanity in your team and acknowledge that they have dynamic lives outside of someone you bumped into in the kitchen or shared your workspace with. This means setting realistic expectations and goals for the new working environment. This is an opportunity for organizations, business leaders, and managers to brand themselves as someone your peers can seek out for support, resources, encouragement, or to vent.

The Bottom Line:

The coronavirus stay in place has no end date in sight. The reality is that all parents are currently working two full-time jobs, which in and of itself is stressful enough. The narratives of the everyday working parent matters in this, let's actively listen to their concerns and needs, and built a work culture that supports them, not punishes them. By giving working parents the flexibility and support they need to care for their children, employers can help reduce the burden on children.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)






About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

Be the first to comment on "71.4% of Lyft’s working parents fear their performance being unfairly evaluated"

Leave a comment