Google and Axis Bank are among a rising number of companies opening their doors to female executives who gave up their jobs for personal reasons and want to return to work, reports Economic Times. According to the report, this is because women form a sizeable portion of the qualified workforce in India, hiring them can save time and cost for companies as they have proven talent and empirical data suggests that returning career women tend to be loyal to companies.
“There is a huge talent potential and we are tapping into the untap .. “There is a huge talent potential and we are tapping into the untapped pool of talent,“ says David Lobo, head human resources at GE India, which launched an initiative for returning women a couple of years ago. “Global research shows that women who have come back into the workforce have higher loyalty and we are betting on empirical data,“ he says.
Investment bank JP Morgan will soon pilot a customised re-entry programme for women alumni, which gives past employees an opportunity to come back to work, first through an internship and then a full-time role.
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