Report: Decline in Women Workforce in Senior Management Roles Continues
A recent report from consultancy firm Grant Thornton Bharat highlights a concerning trend: a decline in the number of women holding senior management roles in companies, particularly as more entities shift back to office-based work.
The Current Landscape
According to the report, this marks the third consecutive year that the share of women in senior management roles, which are considered essential for promoting diversity in workplaces, has declined. This trend is significant, especially given the global push for gender equality and inclusivity.
Impact of the Pandemic
The onset of the pandemic led to a widespread adoption of remote work, offering flexibility to employees. However, as the situation normalizes, many companies are reverting to traditional office setups, thereby affecting the dynamics of the workforce.
Statistics and Insights
The report is based on inputs from approximately 300 women in senior management positions across various companies. It reveals that:
| Year | Percentage of Women in Senior Management Roles | Hybrid Work Model | Office-based Work | Remote Work |
|---|---|---|---|---|
| 2022 | 38% | 62.3% | 27.4% | 5.3% |
| 2023 | 36% | 56.5% | 34.7% | 8.8% |
| 2024 | 34% | 56.5% | 34.7% | 1.8% |
The statistics indicate a steady decline in the percentage of women in senior management roles over the past few years, coupled with a shift towards traditional office-based work.
Expert Opinions
Satya Jha, the chief business officer at Grant Thornton Bharat, emphasizes the importance of flexible work arrangements, especially for women. Pallavi Bakhru, a partner at the consultancy firm, underscores the significance of tracking the progress of women in leadership roles within organizations.
Conclusion
As International Women’s Day approaches, it’s crucial to address the challenges faced by women in the corporate world. By fostering a supportive environment and implementing flexible work policies, companies can empower women to thrive in senior management positions.