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Indian women seeking more entrepreneurship opportunities than men: LinkedIn
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IANS | 13 Jul, 2022
Even
as Indian women face low representation in leadership roles in the
workforce (18 per cent), they are now seeking more entrepreneurship
opportunities as compared to men, according to new LinkedIn data
released on Wednesday.
The data, published in the World
Economic Forum's 2022 Global Gender Gap Report, showed that the share of
female founders grew by 2.68 times compared to 1.79 times among men
between 2016 to 2021. The growth rate of female entrepreneurship showed
to be the highest during the pandemic -- in 2020 and 2021.
Besides
being underrepresented in leadership roles, the data also revealed that
women are also not being promoted internally to leadership in companies
at the same rate as men. Men are 42 per cent more likely to be promoted
into leadership positions than women.
This could explain why
women in leadership roles also increasingly lag behind their male
counterparts in the senior stages of their careers, with the proportion
of women in the workforce decreasing along the corporate ladder.
In
India, the representation of female leaders has dropped from 29 per
cent at the senior level to a staggering 18 per cent at the managerial
level.
"Our new data is indicative of one thing: working women in
India are being held back by more barriers in the workplace when
compared to men. But despite the adversity, many women remain undeterred
and continue to chart their own path by pivoting to entrepreneurship
and building careers that allow them to work on their own terms with
greater flexibility," said Ruchee Anand, Senior Director, India Talent
& Learning Solutions at LinkedIn, in a statement.
"We saw
this especially in the years of the pandemic (2020 and 2021), when women
sheltered from a shrinking job market by starting their own businesses
that also created opportunities for other women," Anand added.
However,
the new data also reveals that there is progress being made. More women
are being hired into leadership roles from eight years ago, shooting up
to 24 per cent this year -- 1.36x since 2015. However, more needs to be
done.
"As employers navigate this challenge of making work
'work' for women, they must remember that factors like internal
mobility, fair hiring practices with a focus on skills, and flexibility
are going to prove key in not just levelling the playing field for
women, but also improving efficiency through balanced representation,
diversity of perspectives and inclusive leadership at the workplace,"
Anand said.
Further, to support female entrepreneurs, and women
in the workforce, LinkedIn has also unlocked some of its courses for
free until August 22. These include Gender in Negotiation; Getting to
Yes: Advice for Female Founders on How to Get Funded; Leadership
Strategies for Women; and Success Strategies for Women in the Workplace.
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