International Women’s Day 2024: Indeed, the worldwide hiring and matching platform just lately commissioned a worldwide report titled, ‘Work Needs Women’. It aimed to offer a complete overview of the experiences and views of ladies within the workforce in India and the world over. Nine in ten Indian girls (90%) determine pay as an vital facet of their jobs, the very best proportion of all 11 international locations (world common 82%).
Also Read: Indian Women Outperform Men In Timely Loan Repayments: Study Reveals Key Trends
The report additionally strived to determine areas the place organisations and resolution-makers can take motion to create extra inclusive and supportive work environments for ladies.
Key insights of the report;
- A Global Perspective on Salary Negotiation: Despite progress, over half of the ladies who requested a increase globally obtained lower than that they had hoped for.
- Unveiling Indian Wage Realities: Amid India’s financial surge, a stark actuality surfaces as 56% of ladies who sought raises obtained lower than anticipated, signalling persistent challenges in achieving equitable compensation throughout the Indian job market.
- Navigating the Gender Pay Gap: While girls throughout surveyed nations understand a obvious gender pay hole on the nationwide stage, Indian girls categorical notably greater satisfaction inside their organisational and sectoral realms.
Indeed’s report revealed that the pursuit of job satisfaction for ladies is influenced by a wide range of societal, cultural, and financial elements. While monetary independence is a key motivator, girls additionally prioritise attaining a piece-life stability that permits for private pursuits, household tasks, {and professional} development. Job safety stays a vital issue on this pursuit, together with the will to develop new abilities that may unlock additional alternatives.
The report discovered that 53% of ladies from India are assured in asking for a increase, which is greater than the worldwide common of 30%.
India has the very best proportion of ladies who’ve requested for a increase (65%) in comparison with another nation, the report added.
Indian girls really feel that they’re extra prone to get a increase in the event that they ask for one.
Although India has seen appreciable financial development in recent times, resulting in larger competitors and elevated dwelling bills, over half of the ladies who requested a pay increase (56%) have been granted lower than what that they had requested for. India has the most important variety of younger individuals within the workforce globally, which can lead to a extremely aggressive job market and decrease wages.
The gender pay hole is a worldwide concern, with most perceiving it to be extra conspicuous at a nationwide stage, quite than inside their particular organisations or industries. This notion is most pronounced in Italy (70%) and France (68%).
However, Indian girls really feel that their nation most carefully resembles their views in terms of the gender pay hole, adopted by their business and organisation.
To shut the gender pay hole in India, girls take into account common compensation opinions (39%), office flexibility (39%), and gender pay/wage audits (37%) as the highest 3 methods.
Recognising the importance of those initiatives is essential, as research, together with these by the Harvard Business Review, have proven that corporations with extra girls in senior positions are typically extra worthwhile, socially accountable, and provide safer, greater-high quality buyer experiences.
Nishita Lalvani, advertising and marketing director, Indeed India & SG, mentioned, “Creating an environment where all women feel empowered to negotiate, thrive, and achieve balance is not only ethical but also the key to unlocking innovation and organisational success on a global scale. The confidence of Indian women in pursuing their worth is truly remarkable, and it’s high time we fostered similar environments worldwide.”
“While it is motivating to see Indian women leading the charge globally, there are still many challenges that stand in the way of women landing equitable opportunities. At work and outside of work the importance is to create a world where every woman can confidently pursue her dreams and aspirations, irrespective of cultural differences,” Lalvani added.
Methodology
The information introduced on this launch is predicated on a survey performed in November 2023 amongst 14,677 feminine respondents employed both full-time or half-time throughout 11 international locations.
In India, 1,193 girls have been surveyed. The respondents in India have been segmented on the premise of area (north, south, east, west), age group, era, seniority, and extra. Women have been surveyed throughout giant, medium, and small companies, from industries like IT & telecom, monetary providers, advertising and marketing/promoting, retail, authorized, hospitality, actual property and different sectors.
