40% of Facebook Working parents are working 4+ additional hours with children at home

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40% of Facebook Working parents are working 4+ additional hours with children at home

53% of Working Parents Continue To Fear Their Performance Being Unfairly Evaluated

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Q2 2020 hedge fund letters, conferences and more

It’s undeniable that every professional struggled to adjust to the “work-from-home” normal. These adjustments were even tricker when your new coworkers are under the age of 18. In April, we shared what working parents (WPs) were feeling in terms of productivity, time spent trying to do their jobs, and unfair performance evaluations. Blind, an anonymous professional network, with 3.6M verified users, took to the platform and asked its users the same three questions, to get a pulse on how working parents are feeling. 

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  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 Fear About Inequitably Comparison Of Performance

Key Findings as of 8/31 (~2,400 Responses): 

  1. 24% of surveyed working parents are working 4+ additional hours to complete their typical workday deliverables
    • Compared to 15% of professionals who are not WPs
    • 26% of WPs are working 1-2 additional hours
      • 34% of Google's WP are working 4+ additional hours
      • 40% of Facebook WP are working 4+ additional hours
      • 35% of Salesforce's WP are working 1-2 additional hours
  2. 53% of surveyed WPs are concerned their performance is being inequitably compared to their colleagues
    • Compared to 32% of professionals who are not WPs
    • 75% of Exxon Mobile WP are concerned
    • 70% of Paypal WPs are concerned
    • 69% of Airbnb WPs are concerned
    • 50% of Capital One employees WPs are concerned

It has been five months since the original survey, and there has only been marginal change in the struggles working parents are encountering. In April, 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.

One user asks,  “How are you all managing kids during this lockdown if both parents are working? Anyone hiring a nanny during the daytime?”

Parents Overall

WPs

Parents Per Company

Working Parents

Non Parents

Non Parents

WPs

See Blog post: here.

See the raw data: here.

Updated on

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
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