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The hidden cost of losing mid-career women, and a call to leaders to act

INSIGHT 4 min read

WRITTEN BY

Christopher Geier

Retention isn’t just a metric we review at year‑end. It’s a leadership responsibility rooted in how we build trust, strengthen our company, and honor the commitments we make to our team members. When mid‑career women leave organizations, the impact goes far beyond a staffing adjustment. It reaches into client continuity, organizational memory, and the very pipelines we rely on for the next generation of leadership. 

Too often, these departures are treated as inevitable. They’re not. And the cost of inaction is higher than many leaders realize. 

Why mid‑career women matter

Every company has individuals who hold the organization together in ways that don’t always show up on an org chart. Mid‑career women are often at the center of that work. They steward client relationships, carry institutional knowledge, and mentor emerging professionals. They are quite often the connective tissue between strategy and execution. 

When we lose these team members, we lose something critical: momentum. We also lose perspective. The kind of perspective that keeps companies and their teams grounded, adaptive, and accountable to the people they serve. 

This isn’t just an internal observation. According to a 2022 McKinsey & LeanIn.Org study, women leaders are already leaving companies at the highest rate ever recorded, signaling what researchers called “a critical moment for workplace cultures” (Women in the Workplace Report, 2022). That trend represents both a warning and, I believe, an opportunity. 

The true cost of attrition

Replacing an experienced professional is expensive. Recruitment, onboarding, training, and the time it takes for someone new to fully integrate all compound quickly. But the financial cost is only part of the picture. The cultural cost is harder to measure and even harder to replace. When mid‑career women leave: 

  • Teams lose advisors who understand how to navigate unwritten norms. 
  • Junior team members lose role models who show what leadership, and diverse leadership at that, looks like in practice. 
  • Clients lose trusted partners who know their business and their priorities. 

And companies then lose continuity, clarity, and expertise—the very things that underpin operational resilience.

Three leadership practices that improve retention

This is a leadership issue that some, mistakenly, leave to HR to sort out. And the good news is that leaders can act with purpose and consistency to shift outcomes. I suggest three actions leaders should take now:

1. Offer flexible client coverage 

Flexibility should go beyond a remote work policy. Flexibility requires designing client coverage models that support balance without compromising results. That can mean shared ownership of key accounts, predictable schedules during high‑demand periods, or intentional coverage planning aligned to life events. Leaders who invest in this kind of flexibility send a clear message: performance matters, but so does sustainability. 

2. Design stretch roles that empower rather than exhaust 

Career growth should build energy, not deplete it. Stretch assignments are valuable only when they come with the right scaffolding: clear expectations, manageable workloads, and access to resources. Audit workloads regularly. Ensure the work is challenging but not destabilizing. And make sure team members know they are supported rather than tested – testing chips away at trust. 

3. Mentor and sponsor 

Mentoring offers advice. Sponsorship alters outcomes. Sponsors use their voice, and their influence, to raise attention to team members who aren’t in the room, and that opens doors. 

That means advocating for mid‑career women in succession planning, nominating them for high‑visibility assignments, and ensuring they are in the rooms where decisions are made. Sponsorship is how we build a stronger, more diverse leadership bench. It’s also how we demonstrate accountability for the future we say we want. 

The hard truth

Retention is ultimately a reflection of our organizational values and leadership priorities. When CEOs and senior leaders champion these retention practices, they reinforce another simple truth: people are foundational to performance. When team members know the company is committed to their growth, balance, and long‑term success, they respond with trust, engagement, and clarity of purpose. 

The mandate in front of us is straightforward: Be willing to lead in a way that keeps mid‑career women advancing, not exiting. 

Author

Christopher Geier is Chairman and Chief Executive Officer of Sikich, a leading global technology-enabled professional services company. Under his visionary leadership, Sikich has achieved significant growth, expanded into new markets and diversified its service offerings.

Christopher is known for his innovative approach to building high-performing teams and a commitment to exceptional client service. He has been recognized for successfully navigating rapidly evolving business environments and was named Managing Partner Elite by Accounting Today for his transformative leadership, despite not holding a CPA designation.

For more than 30 years, Christopher has held leadership roles in domestic and international private and public companies and founded two businesses focused on distressed companies, M&A and capital markets advisory. His diverse background also includes time in law enforcement, private equity, business turnarounds and management consulting.

In addition to leading Sikich’s strategic and financial direction, Christopher is responsible for large mergers and acquisitions and serves as Chairman of the Board of Managers. He frequently shares his insights and experiences on leadership and the future of professional services through various platforms, including his blog "Lessons from Leadership.”

He holds a degree in Criminal Justice from Washington State University and an MBA from the University of Chicago Booth School of Business.