Report Shows Significant Increase in Women’s Workforce Representation, Reaching Nearly 50%
- ByStartupStory | July 15, 2023
According to the DivHERsity Benchmarking Report 2022-2023 published by HerKey (formerly JobsForHer), women’s representation in corporate India has witnessed a remarkable surge, with nearly 50% of the total workforce in surveyed companies being women.
Drawing data from over 300 companies across India between January 2022 and January 2023, this fifth edition report provides valuable insights into women’s representation and diversity in the corporate sector.
The report highlights that 70% of companies now have well-defined goals for achieving gender diversity in their hiring processes, reflecting a significant 13% growth compared to the previous year.
Moreover, a substantial number of enterprises are actively supporting women who are re-entering the workforce. The report reveals that 57% of large enterprises and 43% of startups and small to medium-sized enterprises (SMEs) have established programs to assist these women. Additionally, 51% of companies have partnered with job platforms to enhance their recruitment effectiveness.
While the importance of implementing work-from-home (WFH) policies for employee well-being is widely recognized, the report indicates a gradual decrease in the adoption of this policy during the post-pandemic period, as per the DivHERsity Survey conducted in 2022. However, the current implementation rate still surpasses that of the pre-pandemic era. In 2019, 59% of companies implemented WFH, which increased to 85% in 2020 and 83% in 2021, before declining to 63% in 2022.
Women’s networks play a crucial role in fostering a sense of community and support among women in the corporate sector. The report highlights that 80% of surveyed companies recognize the power of women’s networks in improving policies and practices through valuable feedback.
Neha Bagaria, founder and CEO of HerKey, emphasized the progress made in advocating for diversity and inclusion, stating, “Initiatives such as returnee programs, diversity hiring, unconscious bias training, diversity awareness workshops, women’s networks, mentorship, and flexible work arrangements signify remarkable progress.”
The report serves as a testament to the indispensable role diversity plays in society and highlights the need to continue advocating for it. With the unwavering commitment demonstrated by organizations in 2022, a positive shift towards a more diverse and inclusive corporate landscape in India is evident.
The findings of the HerKey report shed light on the increasing representation of women in the workforce and the efforts being made to create inclusive workplaces. With ongoing dedication and support, it is expected that the corporate sector in India will become increasingly diverse and inclusive in the years ahead.
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