women in management
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Swatanu Mohan Satpathy
Rajeev Ranjan Kesarwani
Shrey Prakash Vipender Yadav
Manan Zaveri Bertila Thabah
Women in management
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Brief history♀The world historically has been male dominated
♀Women were considered just as means to glorify men.
♀They were meant to be married off as soon as they attain maturity
♀After marriage their duty was to take care of their husbands and eventually take care of the children
♀They had no say in the functioning of the family
♀They were not allowed to work or do job to earn livelihood
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Disturbing facts♀Only 1% of the world's assets are in the name of women
♀Men in the Arab states have 3.5 times the purchasing power of their female counterparts.
♀70% of people in abject poverty-- living on less than $1 per day-- are women.
♀Among the developed countries, in France only 9% of the workforce and in the Netherlands 20% of the workforce are female administrators and managers.
♀Among the developing countries, in Ecuador and the Bahamas, 33% of the workforce is comprised of women administrators and managers.
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Disturbing facts♀Women % in managerial and administrative posts is 33% in the developed world l5% in Africa 13% in Asia In Africa and Asia these percentages reflect a doubling of numbers in the last twenty years.
♀In Silicon Valley, for every 100 shares of stock options owned by a man, only one share is owned by a woman.
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What about India♀Women’s employment in organized sector
1992 14.4%1996 15.8%2000 17.6%
♀Women comprise 6% in medium and large industry of this:
14% in Junior Management4% in Middle Management4% in Senior Management
♀In PSUs women comprise only about 5.68% of the total workforce. About 20,905 women managers of whom very few have made it to the top.
Source: Invisible at the top – C V MadhaviThe Hindu Dec 11, 2005.
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What about India
♀According to industry estimates, IT companies in India employ 20-25% women while BPOs employ over 50%
♀The flipside is that only 6% reach senior levels.
♀Women today comprise only 2% of the total managerial strength in the Indian corporate sector.
♀When its comes to the field of entrepreneurship, only 2% of women have dared to venture out in India
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But things are changing now…♀Women are matching up men in every field
♀Women have even taken up tasks which were strictly for men e.g. pilots, real estates, manufacturing, top level management
♀The gap between the number of men and women joining management as a career is declining. A large number of women are pursuing management education (e.g. HR )
♀A recent study by Catalyst, a leading researcher of women in the workplace, shows that Fortune 500 companies with the highest % of women corporate officers yielded, on an avg 35.1% higher return on equity(ROE) than those with the lowest %.
♀Women in senior managementPhilippines 97%Brazil 85%China 91%
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But things are changing now…♀In India 14% women are now present in the senior level management
♀T here are now 15 women CEO’s in Fortune 500 companies in 2010 which is 10 more than what the situation was 4 years ago(5 women CEO’s in F500 in 2006 )
Source: Rediff Business website www.rediff.com/money
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Success stories (CEOs fortune 500)
Ursula BurnsCurrent CEO
Anne MulcahyEx-CEO
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Success stories (CEOs fortune 500)Christina Gold
Carol A. Bartz
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Irene B. Rosenfeld Indra Nooyi
Woertz A. Patricia
Success stories (CEOs fortune 500)
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The Indian women’s success stories
Chanda KochharManaging Director
Kiran Mazumdar Shaw MD & founder
Naina KidwaiGM & Country head
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Barriers women face♀Glass ceiling effect- Women’s average salary is 72 to 88 % of men’s
♀Non-cooperative husbands and boyfriends
♀Pressure from family or in-laws
♀Eve teasing and harassment in work circle
♀Extra burden of managing the family and taking care of kids and elders
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Myths applied to women in business:♀ Women switch jobs more frequently than men.
♀ Women would not work if economic reasons did not force them into the labor market.
♀ Women fall apart in a crisis.
♀ Women are too concerned with the social aspects of their jobs and cannot be trusted with important matters.
♀ Women are more concerned than men about working conditions.
♀ Women are not willing to travel extensively for the organization.
♀ Women put their heart above their head, so at time they become over emotional.
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♀ Ability to network with colleagues
♀ Ability to perceive and understand situations
♀ Strong dedication, loyalty and commitment to the organization
♀ Collaborative work style solicit input from others, respect for ideas
♀ Crisis management skills and gender-equality in behaviour
♀ Willingness to share information (interactive leadership style)
♀ Sensitivity in relationships, compassionate, empathetic, understanding
Strengths of women
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Factors for women to succeed♀ A supportive family, both before and after marriage, is a key factor for Indian professional women to succeed.
♀ Determination and self-belief within oneself is required
♀ Support from male counterparts ( by shedding the male chauvinistic attitude )
♀ In the long run it is not gender but hard work & commitment that decides where a woman’s career goes.
♀ Organizations are increasingly looking at what a person is able to bring to the organization and are not really concerned about gender. Gender Issues – Proposing New Paradigms, Anurag Dutta, Ramnish Gaikwad, Asha Kaul.
Indian Institute of Management, Ahmedabad, WP No. 2007.09.05
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With changing global scenario and more and more help coming from governments as well as positive vibes from various industries & firms regarding participation of women, the role of women in all levels of management is bound to rise.
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The future looks bright with a more interactive atmosphere in the workplace. Its very soon to be seen that even women get par with men in the field of management as well as other fields in a global level.
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THANK YOU