The Grant Thornton (accounting firm) has released a report stating that India is ranked 3rd globally in the field of the proportion of women at leadership and management positions, after South Africa and the Philippines.
Women in Business 2021 Report
As per the Women in Business 2021 report, the Indian companies hold 39% of women in senior management, as against the global average i.e. 31%. And thus it indicates the changing outlook of Indian businesses towards working women. Beyond this, the percentage of women leaders across the executive-level (C-suite) is also high in India as compared to the global average.
Businesses with a minimum of one woman in senior-level management have increased to 90% on a global scale, and India is again ahead with 98%. 47% of mid-market Indian businesses now have women CEOs which is 21% more than globally.
The Grant Thornton Bharat Report
Pallavi Bakhru, the partner, The Grant Thornton Bharat, said “during the challenging conditions of 2020, the boundaries between home and work have becomes quite blurred. In such a scenario, it is good to see that the actions taken by businesses to guarantee inclusion and engagement. Almost 59% of Indian businesses are promoting work flexibility and work-life balance and developing an environment that offers colleagues to share their issues, ideas, and questions as compared globally. Apart from this, Indian businesses are also concentrating on gender balance. For example: 49% of Indian businesses are building an inclusive culture and offering coaching and mentoring whereas 55% are developing equal opportunities within the workplace.
Few other fields where India is above the world averages are organisations’ decisions taken to promote gender justice. For instance: confirming equal access to creating an inclusive culture, developmental work opportunities, providing coaching & mentoring, gender quotas, and formalising flexible working.
The data was collated from Grant Thornton’s International Business Report (IBR) – where 251 Indian companies were interviewed.
In this report, the impact of COVID-19 on firms, especially on women is also covered. In India, 88 per cent of respondents say that the new working methods will help women’s career trajectories. Leadership Traits 2021 are ‘Innovative’, ‘courageous’, and adaptive to change’.