The corporate world needs women leaders, and International Women's Day serves as a reminder to each of us of the importance of women's empowerment in all aspects of society. The underrepresentation of women at senior levels is one of the topics being discussed at both national and international levels.
A study conducted by McKinsey & Company found that companies with more women in top management roles tend to be 25% more profitable than companies with fewer women in those roles. I did.
Additionally, the study predicts that promoting gender equality could contribute up to $12 trillion to global GDP by 2025. Despite promising results, women still face underrepresentation in leadership roles, with only 29% of senior management positions worldwide held by women. woman.
Shine's International Women's Day campaign spotlights the voices of industry leaders who are spearheading change by changing the narrative.
Organizations like SUGAR Cosmetics, Edelweiss MF, Wipro, BCG, Deutsche Bank Group and Tata Steel are leading by example and demonstrating that with the right approach and commitment, great progress can be made.
The stories shared by industry leaders highlight the transformative impact of inclusive practices and our collective responsibility to drive meaningful change. By amplifying these voices, we aim to inspire others to take action and create a workplace where women not only participate, but lead.
Vineeta Singh, Co-Founder and CEO, SUGAR Cosmetics
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At SUGAR Cosmetics, we strongly believe in innovation, inclusivity, and women's empowerment. I am very proud of the fact that 70% of SUGAR's employees are women, or about 3,000 women. Through our commitment to inclusion and providing equal opportunity, we continue to empower and improve our team members.
Radhika Gupta, MD and CEO, Edelweiss MF
Dedicated female leadership fosters a strongly supportive environment based on grit and courtesy, which is how we embrace Edelweiss' culture.
Sunita Rebecca Cherian Chief Culture Officer and Senior Vice President, Human Resources, Wipro Executive Committee Member
Wipro is dedicated to fostering an empowering work environment where women can thrive and succeed with confidence. Through proactive initiatives such as increasing leadership engagement, holding accountability, providing mentorship and sponsorship, organizing networking programs, and adopting a merit-based hiring structure, we are increasing the representation of women in senior management. We ensured double-digit growth and the proportion of women reached nearly 20%. Having a woman in the highest leadership.
Alpesh Shah – Managing Director and Senior Partner, India, Boston Consulting Group (BCG)
In fact, 50% of the world's brain power is women, so at BCG we believe gender diversity is important. By raising awareness and having the right supporters in place, she has come a long way from having women in leadership positions, from 20% of her team to now 35% women. But the journey is still on and you can only rest when you reach 50%.
Madhavi Lall, MD & Head of Human Resources, Deutsche Bank Group, India
Our commitment to promoting inclusivity and embracing gender diversity in senior roles has been greatly strengthened by the unwavering support of senior management. In 2023, there was a significant 40% increase in female senior leaders compared to her 2022. This is a testament to our focused recruitment approach, development initiatives and mentoring programs. This emphasizes creating a workplace where everyone has the opportunity to grow and succeed.
Jaya Singh Panda, Chief Learning and Development Officer and Chief Diversity Officer, Tata Steel
At Tata Steel, we actively encourage women's representation across roles through benefits and flexible working policies, as well as focused recruitment, mentoring and talent development programs. Our commitment is to foster an environment where women feel empowered and inspired to pursue leadership roles. By fostering a culture of support and collaboration, we inspire confidence, nurture talent and pave the way for a stronger, more inclusive future for everyone.
As we celebrate International Women's Day, let us draw inspiration from these stories and continue working towards building inclusive workplaces where women can thrive and lead with confidence.
Here is a comprehensive three-minute summary of what Finance Minister Nirmala Sitharaman said in her budget speech: Click to download!
