Prime Minister Narendra Modi In an effort to achieve this, the Women’s Reservation Bill has been passed in the Parliament. This has paved the way for 33 percent reservation for women in Parliament and state assemblies. There is another good news in this series. The share of women in the country’s workforce has increased rapidly. According to the Great Place to Work India report, the number of women working in Indian companies has increased. So far this year, the number of female workforce in companies has increased to 26 percent. It was 21 percent in 2021.
8 percent CEOs in companies are women
According to the report, about eight percent of Indian CEOs (Chief Executive Officers) are women, with 32 percent of those women holding senior leadership positions lacking female peers in their organizations. Yashaswini Ramaswamy, CEO, Great Place to Work India, said, “Our findings show that the female workforce in Indian companies is expected to increase by 5 per cent in 2023, resulting in 89 per cent of women demonstrating strong commitment to their roles. “This has increased from 21 per cent in 2021 to an impressive 26 per cent in 2023, with the best workplaces leading the way by employing 17 per cent more women than their counterparts,” it said.
Women dominate in these sectors
According to the report, the share of women in sectors like education and training and non-profit and charity organizations is 45 percent and 47 percent respectively. This demonstrates increased confidence with female representation. At the same time, industries like transportation, manufacturing and production, with low gender diversity of 13 percent and 9 percent, still manage to achieve moderate to high trust levels among employees. The report found that employee engagement in professional and leadership development, as well as decision-making, increased by 14 percent in organizations that prioritized a ‘for all’ experience.
India one of the top 10 workplaces
S&P Global India has been ranked as one of India’s top 10 best workplaces for women in 2023 by Great Place to Work. It was also recognized among India’s best workplaces for diversity, equality, inclusion and engagement. These recognitions are part of S&P Global’s mission and its strategic initiatives and people-first policies to create a more inclusive work environment in India. S&P Global’s People First philosophy invests in building an inclusive culture with its forward-looking policies and benefits to accelerate the progress of its people, clients and communities. Efforts focused on people and DEI strengthen its ability to drive inclusivity and resilience internally and externally across its India operations.
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