Companies devising new ways to hire, retain women talent: Experts

Tags: Hiring, Careers
Companies are realising that hiring women at the senior level is imperative and makes good business sense, and firms are resorting to innovative ways to recruit and retain women talent in order to ensure gender diversity, experts say.

The decision by stock market regulator Sebi to make it mandatory for every listed company to have at least one lady director on its board is likely to open thousands of boardroom position for the fairer sex.

Experts are of the opinion that it is a commendable step towards bringing in gender diversity and having companies re look at the available and future pool for scaling to senior levels.

"This means early identification, investment, training, mentoring by companies. It means a window of opportunity for future aspirants," TeamLease Services Senior Vice President & Co-Founder Sangeeta Lala said.

Echoing similar sentiments, Caterpillar India Country HR Director Anju Jain said "It is acknowledged that there is a gender gap at the Board level. But in order to begin to close that gap, there must be a pipeline of women leaders in the middle/ senior brackets who would be good candidates to fill Board positions."

In order to achieve, gender diversity, companies are creating forums, thinking of innovative ways of hiring/ retaining women (full time and part time) and removing gender bias to promote hiring women.

HR experts are of the opinion that there should be a proper mechanism in place for picking and placing these women directors. If the said positions become "ornamental", it would beat the whole purpose of the decision, they said.

Companies need to go a level deeper in mapping out reasons, circumstances, drivers for those who are 'stuck' at a certain level and should allocate budgets to re-skill and retrain them for higher positions.

"Organisations are not interested in the overall gender ratio alone. They have started looking at Gender ratio at all levels more closely. SEBI's decision to make it mandatory for every listed company to have at least one lady director on its board will provide further impetus to this," Towers Watson India Benefits Director Anuradha Sriram said.

Mentoring and Leadership Coaching is becoming a priority for most organisations, Sriram added.

While organisations continue to develop and structure initiatives aimed at improving gender diversity, merit should also be an important guiding principle, experts said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture