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Committees Editorial Board How many Indra Nooyis do you know?
Committees Editorial Board How many Indra Nooyis do you know? | How many Indra Nooyis do you know? |
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| Written by Editorial Board | |
| Wednesday, 31 March 2010 | |
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If anyone is asked to name a few popular CEOS in the corporate world the list is definitely going to be a male dominated one (or worse – an all male list). Although a name like Indra Nooyi is known by one and all in business circles, when it comes to the higher echelons of the organizational hierarchy, the number of women will be few and far between. Just try to list as many women CEOS or women who occupy senior management positions – you may come up with at most three names.
Well
it's not your fault – there aren't many women occupying such high profiles. In
2009, only 3 percent of Fortune 500 companies had a female CEO. In
So why aren't there many Indra Nooyis for the fairer B-school grads to look up to? Bain & Company, a leading global consulting firm recently conducted a global survey on “Gender Parity in the Workplace.” The survey shows that Indian graduates entering the corporate workplace may face surprises about gender parity and promotion paths, whether their first jobs are at home or abroad.
The survey reveals that "Women enter the workforce in large numbers, but over time steadily “vaporize” from the higher echelons of organization hierarchy." The Bain and Co survey has also revealed the following:
Bain & Company found that organizations pay a huge price for ignoring the gender parity issue. The survey also suggests two important measures to tackle the gender parity problem. First, gender parity needs to be a stated strategic priority for the organization and management must demonstrate the rigor it usually displays when the organization pursues critical business goals. Second, companies need to develop less rigid promotion processes and career paths so that employees flourish and grow in stop-and-start careers.
If companies do not tackle the above issues regarding gender parity on war footing, it will be hard to find the 30 members of the fairer sex from IIMK in senior management positions years down the line. It's time for the corporate world to wake up to reality and make some serious commitments towards gender parity. Comments (42)
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