“More women in India seeking entrepreneurial opportunities than men”
According to a report, India has a low representation of women in leadership positions in the workforce, but more women seek entrepreneurial opportunities than men.
The finding is part of a report based on an analysis of users’ anonymised and aggregated profile information on the professional networking site LinkedIn, which has around 88 million users in India and 830 million users worldwide.
According to data from LinkedIn, published in the World Economic Forum’s Global Gender Gap 2022 report, the share of female founders increased 2.68 times between 2016 and 2021.
In comparison, the share of male founders increased only 1.79 times over the same period. The numbers are in terms of startup founders.
The report, prepared by LinkedIn, indicates that the growth rate of female entrepreneurship was at its highest level in 2020 and 2021.
According to the report, women’s representation in leadership positions in the workforce is around 18%.
LinkedIn’s Senior Director, India Talent and Learning Solutions, Ruchee Anand, said new data indicates that working women in India are held back by more barriers in the workplace compared to men.
“But despite adversity, many women are undeterred and continue to chart their own course by turning to entrepreneurship and building careers that allow them to work on their own terms with greater flexibility.
“We saw this especially during the pandemic years (2020 and 2021), when women shielded themselves from a shrinking job market by starting their own businesses that also created opportunities for other women. “, she said.
On the other hand, the report states that in addition to being underrepresented in leadership positions, women are also not being promoted internally to corporate leadership at the same rate as men.
Up to 42% of men are more likely to be promoted to leadership positions than women. This could explain why women in leadership positions are also increasingly lagging behind their male counterparts at higher career stages, with the proportion of women in the workforce decreasing along the way. company-wide, the report notes.
In India, the representation of female leaders has risen from 29% at the top level to a staggering 18% at the executive level, he added.
Anand said that as employers rise to the challenge of making work “work” for women, they must remember that factors such as internal mobility, fair hiring practices emphasizing skills and flexibility will prove essential to level the playing field for women.
It would also be key to improving efficiency through balanced representation, diversity of perspectives and inclusive leadership in the workplace, she added.
(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)