Employable Women Jobseekers Rise By 2 Crores In 5 Years: Report

The pool of employable women jobseekers is expected to be 7.6 crores this year, up from 5.7 crores in 2016, shows data from Avtar’s 2022 Status of Women’s Workforce Participation in India report according to a report published in TOI.

The report says companies also are advancing the gender diversity ratios in the workplace through a combination of career development, male allyship, and second career programmes. “We would be adding 2 crore, women, to the workforce in a short span of five years as organisations have started hiring in big numbers. It’s definitely a cause for cheer,” said Avtar founder Saundarya Rajesh. She said between 2015 and 2020, the enrolment of female students in higher education courses has seen growth of 18.2%. This will fire up the entry-level talent pipeline. Consulting, IT/ITeS and BFSI will be the top three industries hiring women talent this year, the report said. Pharma is expected to register a 7 percentage point increase in women hires to 35% this year, from 28% five years ago.

Some of the structural and cultural changes have aided the increased participation of women. The pandemic has disrupted the linear approach to working from a physical location to supporting hybrid and remote work models. Avtar’s report shows that 3.8 lakh companies are expected to offer remote work this year, almost double that in 2016. “India is looking at attracting higher FDI and creating a lot more unicorns this year. Jobseekers ghosted companies in a hot talent market. Increased employable women in the workforce is a formidable force to create value and improve the diversity balance,” Rajesh said. Around 12 lakh urban women are expected to benefit from the shift to remote work.

Upskilling has become a key priority at 3.9 lakh companies, compared to 1.7 lakh in 2016. The number of firms offering male allies at the workplace not just for personal growth but also for creating an inclusive culture and challenging stereotypes at the workplace has also risen markedly.

The number of firms offering child care support to both men and women will increase to 581 this year, from 165 in 2016. “Post-Covid, a larger number of organisations have internalised the need for better child-care. Near home and near-office creches, as well as on-premise creches will increase. Care-giver policies (to enable women to engage in-house care givers) will also increase. This will enable 19 lakh women to benefit,” Rajesh said. About 481 firms are offering second careers (those returning after a break) this year, compared to 191 in 2016. This year, it is expected to benefit over 27 lakh women.


Source: Business Manager

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