Decline in the number of female bosses in several companies: Report

Women’s representation in various companies has increased at the entry-level, while it has declined at the management and corporate executive levels, a report said on Monday. Avtar and Best Companies for Women in India (BCWI) compiled the report. It said entry-level representation grew to 38 percent by 2022, compared to 33 percent in 2017. At the management level, it fell by nine percent, fell further by 18 percent at the senior management level, and at the corporate executive level, it fell by more. 17 percent.

The study conducted in February 2022 had 351 companies in industrial sectors.

Commenting on that, Avtar Founder President Saundarya Rajesh said, “Women’s representation continues to improve, when looking at a five-year data frame. We should note that the increase is mainly due to more entry-level women. In the talent pipeline, the decline in female representation at higher levels is strong.”

“Celebrating women leaders and sharing their success stories, conducting periodic audits of HR processes to ensure gender equality and promoting work-life balance around senior career stages are very important,” he said.

“The results of 2022-BCWI-MICI illustrate a clear path to progress. The top 100 companies remain committed to career advancement for women in the form of sponsorship, mentorship and return programs, as well as benefits that support their working mothers,” said Seramount Chairman Subha V Barry.

“The Most Inclusive Companies Index emphasizes identifying and developing diverse talent, leveraging best practices… It is through measures like these that inclusive workplaces are being built,” he said.

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