Facebook Issues 2 Reports Examining the Pandemic’s Impact on Women-Owned SMBs

Facebook Issues 2 Reports Examining the Pandemic’s Impact on Women-Owned SMBs

Sheryl Sandberg, chief operating officer, shared details from two separate reports released on Tuesday: the first survey on gender equality at home, produced in partnership with Equal Measures 2030, Ladysmith, UN Women and the World Bank Group, one Survey over 460,000 people on Facebook in more than 200 countries and territories; and the fourth edition of the Global State of Small Business Report with the Organization for Economic Co-operation and Development and the World Bank, which focused on women-run businesses and surveyed an additional 25,000 SMEs in more than 50 countries.

Sandberg wrote in a Facebook post early Tuesday: “Many women were already doing a double shift before the pandemic – doing their job and then returning to a house where they were responsible for most of the childcare and housework. Research by my LeanIn.org foundation earlier this year found that in the United States, schooling children and caring for sick or elderly relatives during the pandemic created a “double shift” with full-time women and families an average of 20 hours more care and housework as men. For women of color and single mothers, the requirements are even higher. “

The results of the first survey on gender equality at home included:

  • Over 25% of respondents in most regions said they had adequate food and basic supplies during the pandemic, including more than a third in Canada and the United States
  • Women consistently stated that they earn less than men and that they are financially dependent on others. A quarter expressed concerns about the future of their jobs and spent more time on unpaid care and housework.
  • The majority of respondents believe that women and men should have equal opportunities in education, employment and household decisions.

Findings from the fourth wave of the Global State of Small Business Report include:

  • 23% of women who ran businesses said they spend six hours or more a day on chores, compared to just 11% of men.
  • SMEs run by women were more likely to report being closed than those run by men, even taking into account factors such as company size, sector and geographic location.
  • 24% of female business leaders said caring for household members is an area for further political support, compared with 18% of male business leaders.

Sandberg said in a statement: “The pandemic has hit small businesses hard, but it has hit women and entrepreneurs the hardest. Women-run businesses were more likely to close during the crisis, and many women juggle long hours to keep their families and businesses alive. To address these issues, we need to understand them – and for too long, too little data has simply been available. We hope that these and similar reports can begin to fill in the gaps so that meaningful action can be taken to address the imbalances in our societies. “