Swatanu Mohan Satpathy

Rajeev Ranjan Kesarwani

Shrey Prakash Vipender Yadav

Manan Zaveri Bertila Thabah

Women in management

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

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.

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.

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.

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

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%

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

Success stories (CEOs fortune 500)

Ursula BurnsCurrent CEO

Anne MulcahyEx-CEO

Success stories (CEOs fortune 500)Christina Gold

Carol A. Bartz

Irene B. Rosenfeld Indra Nooyi

Woertz A. Patricia

Success stories (CEOs fortune 500)

The Indian women’s success stories

Chanda KochharManaging Director

Kiran Mazumdar Shaw MD & founder

Naina KidwaiGM & Country head

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

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.

♀ 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

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

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.

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.

THANK YOU