According to a latest report, the rate of women’s representation in India’s corporate sector remains stable and the banking, financial services, and insurance (BFSI) sector again tops the list when it comes to female leadership roles. In fact, according to a research done by Avtar, which is the leading workplace culture consulting firm, it is mentioned that the percentage of women’s representation in the executive corporate positions is 24.5% in the BFSI sector, followed closely by FMCG at 21.5%.
It states that the lowest attrition for women is found from GCCs that stands at a very low of 10%. On an average, women make up 36.6% of workforce across industries and almost 40% in entry levels. This presents an ever-moving scenario wherein women are entering into the corporate landscape in significant numbers though the challenge lies in higher levels.
Some industries are promising to converge toward a better gender balance. Professional services, for example, are already 46% women. It’s manufacturing that still lags behind, at 20%, so here there is still much to be done to bridge the gap toward greater diversity.
It further extends the perspective regarding inclusiveness in India through tracking different dimensions, such as gender, disability, age, and culture. From this, it can be inferred that companies need to be centered around all levels and sectors for a cause behind diversity and inclusion.
The findings of this report not only set a bar but also call for action-that is, even more organizations are now embracing the value that diversified leadership brings. Companies are challenged to try harder in leading the way to gender equality within their structures. This data captures where one has made progress but it identifies the challenges yet remaining to be achieved in attaining an objectively balanced workforce.
In conclusion, though there has been advancement in the participation of women in Indian corporate sectors, particularly within BFSI and professional services sectors, much work is still needed, especially in traditionally male-bound sectors such as manufacturing. The findings of this report are a valuable source for organizations interested in creating a more harmonious and balanced workplace, which in return will also benefit the employees and the rest of the economy.
