News: More women than men quit workforce in 2021

Diversity

More women than men quit workforce in 2021

Gender diversity is a key component of most corporate hiring practices, however, there is still a long way to go to ensure a balanced workforce.
More women than men quit workforce in 2021

More women than men quit workforce in 2021.

While the overall attrition rate among the employees was found to be 9% , the attrition rate among women professionals stood at 13%, reveals a report by online career platform for women JobsForHer.

The Diversity Benchmarking Report, released at HerRising 2022 – a career event for women organised by JobsForHer, unravels the current situation of female workers in the ecosystem and how corporate leaders are aiding its momentous improvement. 

Gender diversity is a key component of most corporate hiring practices. But there is still a long way to go to ensure a balanced workforce.

“We need to address the bias across the pyramid - bottom, middle and top. To mark this change, we should focus on our mindset, environment and opportunities. To begin with, mindset is the biggest change we need to make. Second is the environment which has infrastructure that supports women professionals. Third is culture fit opportunities,” said Chella Pandian Pitchai, AVP, global head, talent, learning, leadership development, culture & DEI, Biocon Biologics Limited, highlighting the need for better workplaces for women.

Neha Bagaria, founder and CEO of JobsForHer, said several organisations are taking a step in the right direction to make the workplace more women-friendly. “We are hopeful that this trend will enable and encourage more women returnees, women in tech and women in leadership to enter the workforce and climb the professional ladder, while ensuring gender parity across all levels,” she added.

The report is based on the data collected from more than 300 companies that participated in the DivHERsity Awards survey, the survey includes participation from 73% of large enterprises & 27% of SMEs and startups from a variety of industries, such as IT, BFSI, FMCG and Pharma.

Read full story

Topics: Diversity, Employee Engagement, #DEIB, #Career, #Hiring

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

Can we take a more holistic view of how we reward people?

READ our latest issue for a broadened perspective.