Deloitte: I see there is an HR policy that allows you to go 60-80% whenever you want to/in any role so long as there is a business case. Does this ever happen in consulting? Is it more likely to be approved in certain groups/with certain skills? I’m thinking it might be feasible to stay here if I could could go on a reduced schedule after baby 2. If that’s something I could work towards and prepare for in the year or so prior, I’d like to set myself up well for it! Any insight is appreciated!

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Yes a couple of people I know have done it. It does come with a proportionate pay decrease though.
Practically speaking, I do see those individuals struggle to maintain boundaries. One person who took an 80% schedule still ended up working 45-50 hour weeks, which was sad (50 was an improvement over their typical 70-80 hours but it sucked to get only 80% of pay for it). I have seen others be good at maintaining boundaries.

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I am 80% and have been for a year post-baby 2. I have learned a lot in the process, but I am fortunate to have a boss that wants me to stay. I fell into the trap of working full time and I have learned that boundary setting is key. I also needed to change my role. I have off on Fridays and don’t have routine childcare on those days. It means that I have to be off or make special arrangements. It also means that if someone calls me on Friday, they are going to hear “Mommy?! Mommy?! Mommy?!” in the background of it’s not a prearranged meeting! Feel free to chat me if you want to discuss more over email/phone. It’s possible and comes with trade-offs, but my kids are only young once.

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