Corporates’ Role in bridging India’s gender gap

Corporates’ Role in bridging India’s gender gap
For India to maintain its position as a global growth leader, more concerted efforts at local and national levels, and by the private sector are needed to bring women to parity with men.

Getting equal pay and equal opportunities is the right of every employee. Yet several employees especially the female workforce find it difficult to get equal work opportunities as compared to men. Even in 2022, women still struggle for equal pay at work.

For the past many years, we have seen women accomplish many incredible things across the globe amidst facing various challenges from society. Although women play an important role in the growth and development of society, economy, and even the nation, however their contribution to economic value creation is still neglected.

As per the latest report by World Economic Forum on the global gender gap, India’s rank was 135th out of 146 countries. India’s deteriorating position in the index is a matter of great concern. As the country continues to promote the socio-economic message of self-reliance, the worsening gender gap might hinder the future envision of financial independence. The labor force participation rate of women is less than half of that of men.

The environment of corporate workplaces and how they operate can pose a solution to this problem by adopting policies that foster gender equality.

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Corporates are incorporating equality in their hiring methods, focusing on essential skills and core competencies, to address these ubiquitous difficulties. This is in line with the corporate goal of counting on diverse cultures. Thus, providing an inclusive atmosphere, incorporating gender equality training during evaluations, and constructing internal strategies to promote diverse talent from within. All of these are essential factors in developing and maintaining a diverse workforce.

However, some businesses are embracing the familial culture that exists within their workplaces by sharing responsibilities, giving female employees more flexibility (such as maternity leave policies, etc.), and fostering a learning environment that encourages both team growth and personal developments.

To maximize business & workforce productivity, each member of the team should be allowed to perform to their full potential. An environment that sustains and values every employee equally. Having an equal pay system &opportunities in place means every employee feels valued and therefore motivated to work harder to achieve results.

Why Gender Gap persist in India

  • Inadequate Training & Low Education.
  • Same Work Different Pay?
  • Diversity & Inclusion?

Though the Indian constitution grants men & women equal rights irrespective of any gender discrimination, however, some research shows that gender discrimination still prevails in India in all stratas of the society especially at workplaces. This kind of workplace discrimination not only impacts the career development for a woman but also can lead to various mental health disorders. Keeping this in mind, nowadays, many organizations are committed towards inclusion and diversity while driving internal progress. Adoption of new labor laws have also opened the doors for equal opportunities, pay and security for females, thus truly integrating and empowering women.

An environment that sustains and values every employee equally. Having an equal pay system &opportunities in place means every employee feels valued and therefore motivated to work harder to achieve results.

Over the years, Indian corporates and other companies has taken a step forward and adopted progressive approach towards bridging the gender gap including – conducting special workshops for recruiters and hiring managers, focus on campus diversity hiring, career reboot, and women alumni rehiring, career and professional development for women, hyper-local, proactive safety solutions for women, targeted high potential women leadership succession candidates, focused increased representation of women in leadership roles, fueling the commitment to a culture of inclusive leadership by top management, male employees as advocates for gender diversity and inclusion.

For India to maintain its position as a global growth leader, more concerted efforts at local and national levels, and by the private sector are needed to bring women to parity with men.

When more and more women are educated all over the world, it will lead to a large skilled female workforce. This will not only help in building a healthy work environment but also a better nation.

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Ram Shriram

Chief Executive Officer at Mahagram

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Ram Shriram

Chief Executive Officer at Mahagram

August 2022 Issue

HYBRID WORK MODEL - Aug. 2022
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