Wednesday, March 22, 2023

Top Executive Roles In India Still Dominated By Men

Top Executive Roles In India Still Dominated By Men

Women representation in top management continues to be abysmal in India, a study by HR consultancy firm Xpheno shows. Out of the 200 recent C-suite movements studied, which mostly took place between October and March when the pandemic was ebbing, 96% of top leadership changes in technology companies were by men. For non-tech companies, it was 86%.

“Tech domain continued to represent itself as a male bastion at the top with just a little over 4% of the moves involving female executives,” said Prasadh MS, technology specialist at Xpheno. The study involved 100 tech and non-tech movements.

About 51% of the C-suite movements in both tech and non-tech were in the 36-45 years’ age group. Tech movements had a higher percentage of younger professionals in the 26-35 age group. The proportion of movements by senior professionals, who are more than 45, is higher in the non-tech domain at 41%, as compared to 33% in tech. The numbers show that in spite of the diversity efforts made by domestic companies and MNCs, a healthy representation of women at the top and boardrooms is still some time away.

Many women often have to choose between their career and family, and end up leaving the workforce after marriage or after having a baby as they are considered the primary caregivers.

Anshuman Ray, HR director at semiconductor tools company Synopsys, told TOI earlier this month that the company tries to engage with its women workforce from the time they are recruited from the engineering campuses to even helping them to come back to the workforce after a break. Such engagements, aimed to create women leaders in the middle and top management, has led to Synopsys having about 25% women in its workforce out of 4,000 in India, compared to 15% a few years ago. The top five Indian IT companies added over 38,000 women last fiscal, compared to 27,000 the year before. The broader base of women could eventually lead to a higher proportion of women at the top.