Hiring of women in C-suite roles going up: Survey

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New Delhi: This may very well be heartening information for women executives aspiring to succeed in the highest as additionally for the range efforts being made by India Inc. The quantity of women employed in C-suite roles has moved up. Now round 16% of all women hires are CXOs, and eight% are CEOs or MDs, a survey by Executive Access, achieved completely for TOI, confirmed. A decade again the quantity of women CEOs was round 2%, whereas their share in CXOs was 7-8%.
Women are transferring up the ladder in phrases of prime roles in advertising and finance – job features that are usually conventional male bastions. But, the actual litmus check of range is how inclusive the sectors like manufacturing, development and undertaking administration are, HR consultants advised TOI.

“The good news is that there has been progress particularly during the last three years, though much more needs to be done. With the momentum likely to grow stronger, the figure in next three-four years is likely to increase by minimum 50-60% because there are outstanding capable women waiting in the wings. There is no paucity of high quality women talent today,” said Ronesh Puri, MD, Executive Access (India). The survey covered 1615 placements in over 1200 companies from January 2023 to mid-February this year.
“Women are transferring up the ladder in phrases of prime roles in advertising, undertaking administration and finance, the place usually they’ve been largely absent to date. There has been an uptake in finance roles- a male-dominated territory. Women are arising in finance roles, the place these armed with MBAs can even fulfill.
The range quotient is increased in senior roles associated to sustainability and ESG, whereas earlier it was simply CSR. There has been an enchancment in senior management roles in manufacturing and technical features too. One of our crops in chemical substances manufacturing unit in Gujarat is staffed solely with women. We have began the journey with a particular give attention to hiring and grooming women for government management. ” Sandeep Girotra, executive director & CHRO, DCM Shriram said.
Widening the talent pool, empowering women to access leadership roles and creating a more inclusive work environment, can drive better business outcomes, said experts.
“If we do not embrace range, we’re lacking half the expertise pool. While the sectors like IT, ITeS, monetary companies, banking, telecom and so on have excessive range quotient as a result of nature of the work, the actual litmus check of range is how inclusive and various the sectors, like manufacturing, development, initiatives and so on are. Organisations should take concrete steps and make it engaging for women to work on the store flooring. The second metric we’ve got to trace is the quantity of women dropping out of the workforce after marriage and as soon as they’ve youngsters,” Prem Singh, president – group HR, JK Organisation & president, National HRD Network mentioned.
At JK Organisation, about 35-40% of the administration trainees recruited every year are women, he added.
Tractors and Farm Equipment (TAFE) chairperson and MD, Mallika Srinivasan and Kinetic Green, the EV making arm of Kinetic group, led by Sulajja Firodia Motwani, are just a few examples of women leaders in manufacturing corporations. Recently, FMCG firm Dabur arrange an all-women manufacturing line at its largest-ever greenfield plant close to Indore.
According to analysis from Harvard Business Review Research, women in management positions are perceived simply as – if no more – competent as their male counterparts. In an evaluation of hundreds of 360-degree assessments, women have been rated as excelling in taking initiative, appearing with resilience, practising self-development, driving for outcomes, and displaying excessive integrity and honesty. In reality, they have been regarded as more practical in 84% of competencies that we most often measure.
It isn’t a surprise {that a} majority of the hires in company communications operate are women (see graphic). They have a pure aptitude to this operate as they’re higher communicators, Puri provides.
Women have a pure intuition for finance however in some way appear to choose HR, advertising and company communication. Technology and provide chain are different practical areas that noticed hardly any women expertise being employed on the prime.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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