Womens’ workforce representation study highlights need for retention and growth policies
It has built sector scorecards by analysing data of NSE-listed companies from FY 2022-23 annual reports. The data shows that banks, financial services, information technology and services companies have a larger representation of women workers than other sectors. But there were some interesting point to note at different levels of roles, on retention and implementing enabling policies to help more women find meaningful career pathways.
The report points out that leading global and Indian companies have initiated several programmes for women employees. But the IT sector continues to face a significant gender gap in leadership positions. The report highlights that women in leadership and at board level are at 22%, lower than the 34% at the overall employee level. The retention rates and return-to-work after parental leave rates are closer to the average of NSE companies.
It's important to focus on targeted talent development and progression planning for women employees, says the report. This could include implementing two-way feedback sessions, providing learning opportunities and facilitating networking with senior leaders. Additionally, creating customised sponsorship or mentorship programmes can help support women’s career growth.
For the financial services and insurance sector, women at leadership level is at 21% but at employee level is just 18%. This underscores the need for flexible work policies, family-friendly initiatives, returnship programmes, and establishing employee resource groups can help address
