MUMBAI: Despite having a disproportionately low percentage of women in leadership positions in the workforce (18 percent), more women in India are currently looking for entrepreneurship chances than males, according to the most recent LinkedIn statistics. According to data from the World Economic Forum’s 2022 Global Gender Gap Report, the proportion of female founders increased by 2.68 times between 2016 and 2021. In contrast, the percentage of male founders increased 1.79x throughout the same period.
The survey also showed that 2020 and 2021 had the highest growth rates for female entrepreneurs.
In addition to being underrepresented in leadership positions, the research shows that women are not promoted to leadership positions in businesses at the same rate as males, with men being 42% more likely to be promoted to leadership positions than women.
This may help explain why women’s employment rates decline along the corporate ladder; they fall behind their male counterparts in senior career stages and leadership positions. In India, the proportion of women in leadership positions declines from 29% at the senior level to a startling 18% at the management level.
When compared to working males, working women in India face higher workplace obstacles. But despite the challenges, many women are unfazed and continue to forge their paths by switching to entrepreneurship and developing professions that give them more flexibility and the freedom to work at their own pace, according to Ruche Anand, Senior Director, India Talent & Learning Solutions, LinkedIn. ‘
“We noticed this, particularly in the pandemic years (2020 and 2021) when women started the firms that also produced possibilities to protect themselves from a contracting work market for women.
Nevertheless, LinkedIn’s statistics demonstrate that there has been an improvement. From eight years ago, the percentage of women employed in leadership positions increased to 24% this year, increasing by 1.36x since 2015.
To level the playing field for women and improve efficiency through balanced representation, diversity of viewpoints, and inclusive leadership at the workplace, Anand advised employers to keep in mind factors like internal mobility, fair hiring practices with a focus on skills, and flexibility.
The report is based on LinkedIn data compiled from the 830 million global users’ anonymized and aggregated profile data. The ratio of the total number of women holding director, vice president, chief executive, or partner positions to the total number of men and women holding those positions is known as the share of women in leadership positions.
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