Tuesday, February 26th, 2019

Algorithms, Parental Leave & Other Information

“We never know the love of a parent til we become parents ourselves.” – Henry Ward Beecher

I recently read a very interesting article via Fast Company about Stitch Fix and its CEO, Katrina Lake. At age 34, she was not only the youngest female founder to ever lead an IPO but she also stood at the Nasdaq podium while holding her toddler on her hip.

I know many women who have made Stitch Fix a part of their lives. The story of the company is very interesting. You can learn something about how they gather and use data. Also, I think accounting firms could learn something about parental leave from Lake. Here’s an excerpt:

Stitch Fix’s board is more than 60% female, and its tech staff is 35%—still not gender parity, but far better than the industry average and without hiring quotas. Interviewees are informed that the company values “bright” people over the purely book smart and “kind” people over nice. During the application process, instead of having to solve a technical problem alone, candidates are paired with a nontechnical staffer from styling or merchandising to collaborate, which quickly surfaces inventive applicants. Lake has also been adamant about fostering work-life balance. Most notably, she provides 16 weeks of parental leave to all full-time employees who are primary caretakers—whether they work in data science or a warehouse. It never occurred to Lake to create the kind of caste system of disparate benefits for different types of workers that’s prevalent at many tech companies.

She took the full 16 weeks herself this winter after the birth of her second child in November. “There might’ve been times, years ago, where I would’ve felt a little bit more uncomfortable taking the leave,” Lake says during her last full week in the office in the fall. “We have lots of women at Stitch Fix who are growing their families and also doing a great job here. Being able to take a leave is the right thing for your family. It’s also the right thing for your work so that you can come back and be focused and be excited.”

  • "Parents are the ultimate role models for children. Every word, movement and action has an effect. No other person or outside force has a greater influence on a child than the parent."
  • Bob Keeshan

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