Women’s in leadership: 40% CFOs and 50% HR directors are women-Study
A LONGHOUSE consultancy report titled The State of Women Leadership Hiring in India states that more than twice as many Indian businesses—98% of them—as the world average—have at least one woman in a senior management position.
Despite significant progress in gender equality measures, the widespread problem of women’s underrepresentation in leadership posts persists in businesses across the globe. Significant obstacles still stand in the way of women achieving leadership roles.
Interestingly, the percentage of women in CXO roles in Indian enterprises is 39%, higher than the global average of 32%.
A LONGHOUSE consultancy report titled The State of Women Leadership Hiring in India states that more than twice as many Indian businesses—98% of them—as the world average—have at least one woman in a senior management position.
Furthermore, women currently hold 50% of HR director jobs and 40% of Chief Financial Officer (CFO) posts in India, which represents a considerable break from conventional standards and preconceptions.
The historical trend points to a notable 2% annual growth in the number of women serving on executive boards in 2023. In India, women currently hold 12% of the board positions. According to the report, which emphasizes the value of gender diversity in C-suite roles, 30% of these roles actively seek out female workers in order to promote workplace equity.
Positively, 49% of businesses actively foster an inclusive atmosphere by offering coaching and mentorship programs targeted at improving women’s abilities. Notwithstanding these commendable endeavors, the percentage of females occupying high-level roles stayed at 20% in 2023, falling short of those with less experience.
Nonetheless, the report’s overall labor force data showed a promising trend, with women’s employment rising to 37% in the fiscal year 2023. This represents a strong 58.8% growth from 23.3% in 2018 and a noteworthy absolute gain of 13.7%.
This increasing trend, which is primarily attributable to government activities, highlights the country’s efforts to improve employment prospects and empower women by implementing progressive laws and programs.
Mid-managerial women who want to be in leadership roles frequently face a variety of obstacles that could cause them to lose their current jobs or even stagnate in their careers.
According to the survey, around 80% of Indian working women are choosing to take professional vacations, with 45% of them blaming their choice on taking care of their families and children. When women take a break from the workforce and return, they confront many obstacles, including outdated resumes, bias, preconceptions, a lack of confidence, and inadequate support.
Positive changes have nevertheless occurred, as businesses are proactively addressing these issues. To aid in the reintegration of women into the workforce, programs including extended childcare leave regulations, flexible and remote work schedules, gender-neutral caregiver leaves for new parents, and upskilling opportunities are being put into place.
“For India Inc., achieving inclusive leadership is a commitment to maximizing each person’s potential, regardless of gender, rather than just a goal. A top-down strategy is needed to advance women in leadership, with male leaders being essential. It is crucial to support future female leaders with committed mentorship and skill-building programs.
The first step towards achieving this SDG goal has been accomplished, as demonstrated by this report, according to Mr. Anshuman Das, CEO and founder of LONGHOUSE Consulting.
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