On the occasion of Women's Day, it is crucial to reflect on the numerical data that highlights both positive strides and areas that demand improvement. The data below offers estimated figures to encapsulate these details:
1. The Drive for Progress:
Only 5.1% of CEOs in India's top 400 listed companies are women, with a marginal increase from 3.4% in 2018.
Board seats held by women, including independent and executive directors, stand at 18.3%, a rise from 13.8% in 2018 but below the global average of 23.3% in 2023.
When we talk about career challenges 70% of women cite work-life balance as a major obstacle to career advancement.
Despite this, women-led businesses exhibit over double the return on investment, proving the impact of female leadership.
2. Economic Implications:
Enabling a 5.9% increase in women joining the workforce could boost emerging markets by up to 8%.
3. Pay Disparities:
In 2019, women earned only 51 cents for every dollar earned by men, constituting just 34% of total earned labor income.
The "motherhood penalty" contributes significantly to the gender pay gap.
4. Tech Industry Snapshot:
Women hold only 26.7% of tech-related jobs, with a decrease in the last 2 years.
In software engineering, women make 0.93 cents for every dollar earned by men.
Gender inequality, discrimination persist in male-dominated tech environments.
While progress is evident, addressing these numerical gaps is critical for true gender equality.
#WomensDay #GenderEquality
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