Women constitute 48.5% of the population in India.
The labor force participation rate for women in 2017 was 28.5% (compared to 82% for men).
Gender pay gap high in India: Men get paid Rs 242 every hour, women earn Rs 46 less Increasing.
Women’s labor force participation by 10 percentage could add $700 billion to India’s GDP by 2025 (or a 1.4% increase).
Mention of these statistics is not to alarm you as the breaking news flash, but this is important here to help you understand what the current situation of women workforce in India is like. Times when all the leading companies of the world are run by executives of Indian origin like Microsoft, Google, and PepsiCo etc., the concepts of women workforce and pay parity are taking baby steps in our country.
But, there are a few gains as well, a percentage of women leading certain sectors like banking, IT, caring services and health care at the executive level is much higher in India than the global average. And the main reasons for working for close to 50% of the working woman is self-fulfillment (17%) and to contribute to the family’s income (close to 30%.)
The fact that Governments, organizations, and labor laws are all talking about gender pay equality and more women workforce is a sign of positive economic outcome. These are good times in organic economic evolution and particularly through the contribution of women in leadership roles of boards and organizations, better working conditions for all the blue and white color workforce, and equal pay to both the genders.
Times like these when women are making a mark in the corporate world, we wanted to share some details about women in management and a few questions around it;
What are the roles in management for women?
If we say, women are born managers, we are not exaggerating. All the management roles and requirements are genuinely gender neutral and are meant to be fulfilled by a qualified individual devoid of gender, age or any other personal specification. To give you an idea, below are certain streams of management incorporates were women professionals are filling in the managerial roles;
1. Project Management: From laying out the plan of operation to detailing every activity or tasks and to ensure the end deliverable is shared, in every key step of project management we would need individuals stepping in—owning and taking responsibility to achieve the project goals. For all of this to flow and to achieve seamless execution a project manager plays a crucial role.
2. Quality Assurance and Management: This is a key business activity that needs a keen eye throughout to ensure only the best of the product or service sees the daylight. And in these complex multi-step processes you see a lot of qualified and skilled women working to ensure the integrity of the process.
3. Senior Management: According to the Catalyst, The Percentage of Women in Senior Roles is declining globally. Women hold under a quarter (24%) of senior roles across the world in 2018, a decrease from 25% in 2017. In India, only 7% of women are in the executive levels leading boards and companies. That shows there is still this invisible glass ceiling to break and we hope for a positive streak in this digital era.
Hindrances for women in the workplace?
Yes, women do face some challenges and problems at workplaces, some are gender-based, and some imposed by stereotypical mindsets. Below are a few key challenges we wanted to highlight;
1. Work-life balance: Is a known concept of allowing an employee to work from home to attend some personal priorities. This is a key issue that is accelerating to be no more a provision for women but a business strategy that can attract the best talent in the market and help in achieving higher employee satisfaction. But there is a silent mockery that women avail more of these flexible options than men do and ultimately can affect the growth of the individual who avails it. Management should shift their attention from making more policies around flexibility and encourage employees to avail such options as frequently as needed.
2. Equal pay: As mentioned above women must work doubly hard to achieve as much as her men colleagues and still they may not be offered that. In the so-called millennial age of 2019 at least the Governments, public, and private organizations should work together to curb this pay gap!
3. Leadership opportunities: As mentioned earlier, in this article, women being offered highly visible leadership roles is rare, more and more executive should come forward to sponsor and mentor qualified women and ensure their representation in boards and chairs.
4. Workplace harassments: Reports says that women of all levels in workplaces are affected Of all the working women population more than half have experienced such issues and a quarter of them have reported. Companies should ensure that they have integrity helplines set and regulations are built to immediately report such offenses. Such steps are necessary to ensure the safety of all working women globally.
Impact of having women in the workplace and as leaders:
In a study conducted by the Center for Creative Leadership (CCL), they found that having more women in the workplace actually makes an organization a better place to work.
Their studies also projected that having more women at work positively related to employee engagement and retention. Also, Forbes mentioned that increase of women in the leadership roles helps business to thrive and add up to their bottom-line. Numerous studies and researches performed, all have to say a few things consistently that having more women in leadership roles will enable the world to add more money to a countries GDP and also for companies to maintain an inclusive culture and create social & family-conscious policies to maximize its potential.
Our 6 tips to help you navigate your way as a woman professional and to become a successful business leader
This is a list of few personal traits and habits that you can build that will help you face any situation at work, will help you grow as a professional, and climb the business ladder;
1. Accountability: One surfing pad that will always help you through strong waves is the ability to own. Own the work you are responsible for, own the team you belong to and the organization that pays your dues. When you take up that responsibility of delivering your work and owning it each time will define you as a professional and makes your corporate surfing easier.
2. Be Patient: Girls are known for patience as is, but organizations can test your nerves in ways you do not expect. It is always important to understand what is in our control and what isn’t and act accordingly.
No matter how ambitious we are it is crucial to master this art of patience and perseverance. And also, advocate the same to your peers for this key skill can help them in their career.
3. Have a voice: This sounds like a tip that most of the parents would not agree with, especially in India, where a girl child is advised against talking in public. In the corporate and business environment, it is important that you find your voice to stay your ground and to audaciously speak of your mind. People who lack the courage to put their point across might find it difficult taking the steps of the corporate ladder. Also, help others find their voice, help them trust you in their need and give them the courage to speak at the right forum when they face any hardships.
4. Stay strong: You may be very smart, organized, and successful at your academics but in the corporate world you will soon understand it is not always as we plan in terms of learnings, growth, peer dynamics etc., So whenever you feel a push and struggle to operate–remember to stand back up. A common trait of leaders is never giving up, so act like one to become one.
5. Work harder: All the above-mentioned statistics would have given you the idea that women need more force to penetrate through the layers of the business world be it as an entrepreneur, a freelancer or as an employee in any industry or sector. So be prepared to work doubly smart and equally harder to become the best amongst the equals.
6. Network: By definition, business network means the people that you know in your workplace and the ones you can trust for any help. Most often than not, promotions happen on goodwill and the eminence you build for yourself. Skill or qualification can be measured and is something that everyone can possess. But what helps you stand apart is the good work experience that others share with you and the quantity and quality of people you have in your network that can vouch for you in times of need.
Hope this article gives you an insight into the current management scenario for working women globally and in India and helps you with some tips that you can take away and keep in mind while you work your way up the ladder.