Tuesday, December 12, 2017

Only 29% women have benefited from gender diversity initiatives: BCG report - MONEY CONTROL

Originally published: December 11, 2017
Publisher: MoneyControl.com 

While a majority (60 percent) of women respondents in India agree that their company focuses on gender diversity, only 29 percent have actually seen benefits. A study by the Boston Consulting Group (BCG) titled 'From Intention to Impact: Bridging the Diversity Gap in the Workplace' said that poor implementation is the primary reason that 50 percent of initiatives have not been effective.

In the Bombay Stock Exchange (BSE) 500 companies, only 3 percent of the CEOs are women. A commonly held view is that gender inequality is ultimately a result of the low ambition that women show as they begin to hit the mid-levels of management. BCG research comprehensively rejects this myth, showing that women are equally ambitious as men to advance in their careers.

In fact, 87 percent  of women and 86 percent of men surveyed are seeking advancement in their careers.