{"id":2673,"date":"2019-01-22T19:36:32","date_gmt":"2019-01-22T14:06:32","guid":{"rendered":"https:\/\/www.allsectech.com\/?p=2673"},"modified":"2024-09-02T10:55:51","modified_gmt":"2024-09-02T10:55:51","slug":"gender-parity-in-workforce","status":"publish","type":"post","link":"https:\/\/www.alldigitech.com\/2019\/01\/22\/gender-parity-in-workforce\/","title":{"rendered":"Gender parity in workforce"},"content":{"rendered":"
Global gender <\/span>gap<\/span><\/a> has closed by only 4% in the last 10 years, according to the World Economic Forum. <\/span><\/p>\n In a research partnership with LinkedIn, <\/span>WEF examined<\/span><\/a> workforce gender ratio in entry level, middle management and senior leadership positions across sectors. Unsurprisingly, the research uncovered that although women are predominant in education, health and non-profit, there is a lack of pipeline of women going into sectors such as engineering, manufacturing, construction and the ICT industry. Further, in every sector, there are more men than women in leadership positions. <\/span><\/p>\n Businesses, governments and civil societies therefore <\/span>need to reflect<\/span><\/a> on institutional culture, structures, and policies to advance gender equality and ensure an inclusive growth. <\/span><\/p>\n An increasing number of companies continue to adopt gender responsive policies to support and encourage the participation of female employees through mentorship and re-entry programs. <\/span>EY partners with organizations across the globe to accelerate the inclusion of women<\/span><\/a>. Google, for example, encourages female employees to seek promotions while Microsoft released its <\/span>unconscious bias training<\/span><\/a>, free for all. \u00a0<\/span><\/p>\n In stride with the global climate, Indian government\u2019s Budget 2018 announced that for the first 3 years of employment women employees\u2019 PF contribution will be reduced to 8% from the current 12%, without any change in the employer\u2019s contribution. A decisive step in the direction of gender equality, it enables higher take home salaries and incentivizes more women to take up formal employment.<\/span><\/p>\n Employee centric HRM policies that prioritize work-life balance\/family leaves can significantly make an impact towards retention of women in the workforce. <\/span>The Maternity Benefits (Amendment) Act, 2017 enforces laws that address these aspects<\/span><\/a>. Under this Act, many employers in India are required to provide off-site day care\/cr\u00e8che services and increase paid maternity leaves for employees. Some countries go even further to prioritize family friendly companies for government contracts. <\/span><\/p>\nClosing the gender gap<\/span><\/h2>\n
Technology for bridging the gap<\/span><\/h2>\n