Tata Steel's initiative to hire women firefighters for diversity echoes a broader trend in heavy engineering firms in India. Companies like Hindustan Zinc are increasing women representation in mining operations, aiming for gender diversity.
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Women are also getting a smaller chunk of the promotion budget. Of the entire promotion budget that companies have, women are paid Rs 88 for every Rs 100 that men are paid, according to data from global professional services firm Aon, shared exclusively with ET. This indicates that women are not getting higher-paying jobs or are getting fewer high-paying roles.
Only 4% of exec directors at Nifty 50 are women, and across NSE-listed cos that figure drops to 3%; enabling policies needed to empower them. There is a persistent and high level of unconscious bias as well. Allyship is key. “Boys clubs still operate that many times do not give women the right kind of projects (that can advance them in their career) thus demotivating many women who see their juniors becoming senior and moving ahead,” said Girotra.
At a time when major Indian companies are driving gender diversity as being good for business, the numbers show a yawning gap across corporate India, with the presence of women leaders at an abysmally low level in the C-suite.
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Companies are taking various measures to increase the gender diversity numbers. These include hiring more women from campuses, offering flexibility at work and adding more women in leadership, HR heads and staffing sector experts said.
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Avtar group has found that career enablers like flexi-timing and remote working are crucial for women's workforce participation. However, workplace enablers alone cannot ensure sustained employment for women. The second edition of the 'Top Cities for Women in India (TCWI) index ranks Chennai, Bengaluru, Pune, Mumbai, and Hyderabad as the top five cities for women in India.