Vacate the seat.. stand up and greet… Women are here to reign. In ancient times, the role of women was restricted to the kitchen only. All the big decisions of the families were taken by man. But times changed. With increasing modernisation and inflation, women stepped out to become the breadwinner of the family. Woman, no wonder, is the utmost perfection of God, as whatever task is assigned to her, she does it with due diligence and precision. This ability of hers is being immensely tapped in the corporate world, letting her fly high in the sky of opportunities.
Don’t Go by Words Alone, Check the Stats on Women’s Participation in Corporate
Surprisingly, about 47.7% of the worldwide workforce is occupied by women. But, irrespective of their unmatched diligence, only 27.1% of them could make it to the category of managers and leaders. Limiting their access to leadership positions is gender discrimination (42%) and motherhood responsibilities (61%), hampering the professional growth of women. Canada is the leading country in offering maximum employment opportunities to women, amounting to 61.3%. About 50.2% of the worldwide women workforce are graduates (college-educated).
In India, around 56% and 23% of organisations employ about 10%-30% and 30%-50% women, respectively, in leadership roles. To be worried about is that 9% organisations lack any females in the top hierarchy. In a broader perspective, around 51% of organisations have realised the goal of diversity at the CEO/CXO level.
Some Prominent Women Leaders in the Corporate Sphere
Kiran Mazumdar Shaw (Founder of Biocon Limited and Biocon Biologics Limited
Indra Nooyi (Board Member, Amazon and International Cricket Council)
Faguni Nayar (Founder and CEO of Nykaa)
Aditi Gupta (Founder of Menstrupedia)
Vandana Luthra (Founder of VLCC Healthcare Limited
Upasana Taku (Founder of Mobikwik)
What Support Do Women Need from Government and Other Entities?
To maintain and foster the power and leadership equilibrium across the two genders, both central and state governments, MNCs, academia, NGOs and civil society need to adopt a few reforms.
- Eradication of socio-cultural gender inequality barriers through literacy
- Development of more effective gender-inclusive climate governance, actions and strategies.
- Provisions for supporting women’s organisations and movements should be immediately made
- Implementation of women’s leadership encouraging policies and practices
- Encourage gender parity across mid-level and senior positions.
- Establish strict laws and regulations that promote safe and open environment for women in workforce
- Introduction of new women-centric public services and programs for boosting leadership
- Regular reviews and audits should be conducted for leadership evaluation mechanism
Conclusion
Women are calling all the shots in the corporate landscape. Their astute leadership and solution-oriented mindset have paved the success path for many organisations, ultimately benefiting India’s economy. Let’s support women empowerment at all levels to create a world where there is no bias and discrimination for them. That’s all we have for you on behalf of the zarooribaathai.in team. Stay connected with us as we come with more insights for you.
