Women in India lead the world in getting promotions, reveals survey
- IBEF
- March 9, 2022
According to a global study conducted by HP, Indian women lead the world in acquiring career growth possibilities. India had the highest percentage of women applying for promotions (90%) among the countries studied, even higher than men (67%). Last year, 92% of women in India received a promotion, compared to just 40% and 63% of women in the US and the UK, respectively, in the same period.
Indian women outperformed their male counterparts, with only 68% of men getting promotions.
According to a McKinsey analysis, giving women equal opportunity may boost India's GDP by US$ 770 billion, or more than 18%, by 2025.
Indian respondents seek a promotion not only for a greater income, but also to gain more influence in their organisation by taking on additional responsibilities (38%) and participating in larger choices that have an impact on the firm (37%).
The poll also looks into what companies are doing to fight workplace discrimination based on gender. According to the findings, 71% of Indian women believe that firms have been more aggressive in combating gender discrimination than in the past. Many employees believe that a hybrid work environment is best for women because it allows for in-person time as well as flexibility.
Nearly half of all women (47%) believe that seeing more women in leadership positions will inspire others to seek tech-related employment. As an incentive, professional development outperforms benefits like daycare (29%) and work-life balance as a motivator (41%).
In India, 44% of employees believe they still have growth opportunities in the company. One-third of those planning to leave in India want a better work-life balance, more autonomy, and higher pay. 53% of Indian employees would rather have more work flexibility than more pay. They would rather have greater control over how, when, and where they work.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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