A discussion from our Warp & Weft group on Linkedin

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A long way to go for the Indian woman to shatter the glass ceiling in the corporate world re-iterates the recent article in the Times of India. Extensive surveys and research in the report indicate that the percentage of women in corporate boards or executive boards is a mere six percent. This is at least ten times lower than the percentage found in our global counterparts.

This survey raises very vital questions some of them being:
1.       Is having a handful of women at the top like Chanda Kocchar (Head of ICICI Bank), Vinita Bali (CEO of Britannia) and a few others, enough to represent the power of Indian women.
2.       What happens to the several women graduates who pass out each year?

The Mc. Kinsey survey reports that at least 45% of Indian women leave the workforce each year citing needs of wanting a better work life balance or quoting family problems. Many women succumb to the pressure of juggling the priorities of work and family and tend to quit their jobs or stick to entry level or mid-managerial roles. The survey put out these facts and numbers painting a very bleak picture for Indian women in the corporate sector. Makes one wonder if the Indian woman is being punished for nurturing or taking the role of primary role giver in the family too seriously. These facts also reflect poorly on the dynamics of the society. Questions that arise from this survey are worth a thought and will make a lot of difference to our approach to a mutually inclusive society at the workplace

1.       Is this imbalance in numbers a good example for our little girls? Are we depriving them of role models? Are we teaching them that it is a norm to give up their career or ambitions of being gainfully occupied to bring up a family?

2.       Why is care-giving or looking after a family so gender specific? Why is society imposing such biased stereotypes? How do we change the cultural influence and the traditional mindset?

3.       How can we empower women to stay on in the corporate world and excel in their chosen profession? How do we feed the corporate pipeline with more women leaders who are happy individuals with happy families?

Join our discussion group, Warp & Weft: Threads of Diversity & Inclusion in India on Linkedin and share your thoughts.

Interweave in news: Knowledge @ Wharton

A Bullish Outlook for India’s Female Entrepreneurs

Nirmala Menon, founder and CEO of Interweave Consulting, a Bangalore-based firm that focuses on diversity management and inclusiveness in the workplace, points out that there is a lot of visibility and acknowledgement of women entrepreneurs as reliable partners and vendors. “Some organizations are encouraging them as part of their corporate supplier diversity programs. This is spurring other women to enter the space as well.”

Menon adds that Indian women inherently have an important entrepreneurial trait — resilience. “Women in India have had to traditionally manage with limited resources and that native intelligence helps them manage creatively with frugal resources available,” she notes. “They reuse, save, negotiate, find alternatives — all of which contributes to their success as an entrepreneur.”

But what are some of the challenges that they face?

Menon suggests that women find it more cumbersome than men to navigate the regulatory and procedural complexities. She attributes this to “a fairly complex process managed mostly by men.” Menon adds that while women entrepreneurs have domain expertise, they often lack profit and loss experience and by consequence could struggle with the “business-side” of an enterprise. However, the biggest challenge for women entrepreneurs in India, she says, is coping with societal expectations. “These are changing, but still have some way to go.”

Read full article at http://knowledgetoday.wharton.upenn.edu/2012/06/a-bullish-outlook-for-indias-female-entrepreneurs/



Interweave in the news: Desi Cos Help Women at Work

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Why Are Indian Women So Stressed Out? Interweave in an 'Knowledge @ Wharton' article

Women in urban India have easy access to domestic help: A full-time maid, cook or driver are not uncommon in their households. Of course, these are luxuries that most working women in the rest of the world can only dream about.

But a recent survey by global research firm Nielsen illuminates another picture. Covering 6,500 women across 21 developed and developing countries, the study’s results show that women in India are the most stressed out. Of the respondents in India, 87% said they felt stressed most of the time. They are followed by women in Mexico (74%), Russia (69%), Spain (66%), France (65%) and Italy (64%). In the U.S., the number is at 53%.

What exactly is weighing on women in one of the fastest growing economies in the world? The Nielsen survey’s respondents point to the requirement of managing multiple roles.

One could well argue that this particular condition exists for women across the globe: Juggling roles at home and work are a given. There is a difference in India, however, says Nirmala Menon, founder and CEO of Interweave Consulting, a Bangalore-based firm that focuses on diversity management and inclusiveness in the workplace. Menon notes that even as career opportunities for women in India are on the upswing, the support structure and social mores have not kept pace. “Nor has the internal psyche of the Indian woman,” adds Menon. “Despite ‘modern’ times, traditional expectations of women are still conveyed in subtle but consistent ways. The Indian woman has far more familial interfaces to manage than her western counterpart.”

According to Hema Ravichandar, human resources advisor and formerly the global head of HR at IT firm Infosys: “Regressive mindsets in society and the workplace; a culture that rewards performance based on effort — with the number of hours spent [working] as proxy indicator — rather than result; rigid work policies which do not factor in the need to spend extra time at home during critical phases like childbirth, adoption, etc., are unique to India.”

There are other reasons, too. Technical infrastructure support and enablers are at a nascent stage in the country as compared to the developed economies. Options like working from home, flex-time, telecommuting and so on have arrived only in the recent past in new industries and are still evolving. “Even in companies which have these facilities, it is not construed as the right thing to do if you are serious about going up the corporate ladder,” says Ravichandar.

A lack of women in executive roles mirrors this. A report by Standard Chartered Bank points out that women constitute only 5.3% of the total number of board members in the top 100 Indian companies by market capitalization on the Bombay Stock Exchange. This is much lower than in other countries, including Australia (8.3%), Hong Kong (8.9%), the U.K. (12.2%), the U.S. (14.5%) and Canada (15.0%). The number of Indian women in middle and senior management roles is not much higher.

Meanwhile, the latest employment data show that worker participation (the ratio of workers to population) fell to 39.2% in 2009-2010 from 42% in 2004-2005. While the decline is marginal for men — from 55.9% to 55% — it is significant in the case of women — from 29.4% to 23.3%. Analysts say that one reason for this is that as men in the family start earning more, women, especially in the lower middle class, opt out of the work force for reasons of social status. In his column in the daily newspaper Times of India, Swaminathan Anklesaria Aiyer noted: “Social mores, especially in the lower middle class, give superior social status to households where women don’t work. When a family with rising income decides to keep females at home, it literally buys social status with the income foregone.”

But the survey’s implications go beyond individuals or families. All of this has wide ramifications for India’s continued economic growth. If the support structure and attitudes towards women, both in the workplace and in society at large, don’t change, women will either simply opt out of the workforce or — faced with endless stress — be far less productive than their true potential. This will result in a sharp blow to the country’s demographic dividend, which though touted as a key factor in India’s growth, is under its own stress. The window for growth is small and, as Ravichandar points out: “Having women as part of your workforce is no longer a nice-to-do but a must-do.”


Source: http://knowledgetoday.wharton.upenn.edu/2011/07/why-are-indian-women-so-stressed-out/