Amazon bets big on 'returnships'

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June 4, 2021

Good morning, Broadsheet readers! Rent the Runway prepares to IPO, sexist comments motivated Michelle Wie West’s return to golf, and Amazon goes big on ‘returnships.’ Have a relaxing weekend.
Today’s guest essay comes to us courtesy of Fortune senior writer Maria Aspan:
– 1,000 Amazon (hiring) returns. A few months ago, I asked why more companies aren’t trying to bring women back to work during this ongoing economic crisis. Now Amazon is taking up the challenge—to an unprecedented, and hopefully groundbreaking, extent.
The pandemic and its extraordinary caregiving burdens have forced nearly 2 million women to drop out of the U.S. labor force, as we’ve covered extensively—offering a seemingly perfect opportunity for big companies to dust off the “returnship” programs they use to recruit, train, and hire stay-at-home parents and other professionals who have taken a break from the paid workforce. These programs have been around for more than a decade, and are offered by some of the largest Fortune 500 companies, including Walmart, Facebook, Apple, and Goldman Sachs. But as of February, when I last reported on the state of returnships, there were only a few thousand offered every year. They “face a huge supply and demand problem—and did long before the pandemic,” I wrote then. “To put it bluntly, employers just aren’t offering enough of them.”
Enter Amazon, which on Thursday told me exclusively that it is massively expanding its existing returnship program and will use it to hire up to 1,000 women in the next several years. That hiring commitment is small compared to Amazon’s overall workforce of 1.3 million, but exponentially larger than the roughly 30 hires it has made through returnships since 2019.
Amazon’s returnships are also open to men, but the company acknowledges that women—especially stay-at-home moms with previous corporate experience—make up 93% of its current participants. “Women are the primary caretakers in our society, and this program will be predominantly for them,” Alex Mooney, senior diversity talent acquisition program manager at the company, tells me.
Most significantly, Amazon’s pledge is the largest ever public commitment by a single employer to hiring through returnships. Now experts are hoping this will encourage other Fortune 500 companies to adopt or expand their own programs. Amazon is “setting a bar for big companies to do more,” says Tami Forman, executive director of nonprofit Path Forward, which works with Amazon and about 90 other companies on their returnships.
For another bit of context on Amazon’s 1,000-job commitment: In Path Forward’s five years of existence, all of its partners have collectively offered returnships to only about 600 people. That’s a modest number—especially when you consider that these employers have consistently hired around 80% of all returnship grads. Clearly companies are happy with the talent the programs are producing.
“There should be hundreds and thousands of companies running these programs,” Forman says. “And, certainly for the largest companies in America, there’s no excuse left.”
Read the full story here.
Maria Aspan
maria.aspan@fortune.com
@mariaaspan
The Broadsheet, Fortune’s newsletter for and about the world’s most powerful women, is coauthored by Kristen Bellstrom, Emma Hinchliffe, and Claire Zillman. Today’s edition was curated by Emma Hinchliffe.

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