Corporate India is emphasising Gender Diversity and plans to Hire more Women by 2023

By: WE Staff | Tuesday, 27 December 2022

According to The Economic Times, corporate India is promoting gender diversity in the workplace and plans to add more women to its workforce in the coming year.

According to the survey, top companies like Cognizant, Larsen & Toubro, and HDFC Bank are stepping up their efforts to recruit more female employees by implementing initiatives like flexible work schedules and mentoring programmes.

According to the research, other companies taking action in this area include ITC, KPMG, Axis Bank, Schneider Electric, Cipla, and Procter & Gamble.

These companies also prioritise recruiting women in their second careers, or those who have taken a hiatus from the workforce. Additionally, anyone who departed during the last five years will be hired back.

ITC offers pregnant women and new mothers flexibility in their work schedules. To attract different talent, Axis Bank is concentrating on alternative work models. If female employees want to move to a new city, L&T will provide assistance.

According to C Jayakumar, head of corporate human resources at L&T, "diversity helps in acquiring the greatest ideas and driving innovation." The effectiveness of diverse teams has been demonstrated in numerous research. From the perspective of the labour market, a progressive organisation like ours cannot lose out on this enormous talent pool when it comes to gender diversity.

According to ITC's head of corporate human resources, Amitav Mukherji, a varied staff encourages creativity, which boosts the company's competitiveness.

The organization's current gender ratio, according to HDFC Bank CHRO Vinay Razdan, is 23.3%. Over the previous quarters, it increased.

According to the study, Schneider Electric wants to ensure that 50% of its new hires are women. According to Rachna Mukherjee, CHRO India and South Asia, it also intends to have 30% female senior leadership and 40% female frontline managers.