Indian companies are more inclusive higher up the hierarchy than at the level of the ordinary worker, an analysis of EY India data shows.
Companies are more likely to reflect greater gender diversity among permanent employees, including those in managerial or administrative roles, than lower-rung workers. A similar trend is seen when it comes to inclusion of the differently abled. The analysis is based on data from 1,040 listed companies, collated from their annual reports by EY India and shared with Business Standard.
In the financial year 2022-23 (FY23), of the 7 million permanent employees in these firms, around 23 per cent were women. On the other hand, only 11 per cent of the 4.8 million permanent workers were women.
"Urgently, we must prioritise diversity, equity, and inclusion (DEI), upskill our workforce, and foster collaboration among all stakeholders," said Nitesh Mehrotra, partner, EY India, who deals with sustainability and environmental, social, and governance (ESG) issues.
This story is from the October 25, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 25, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A SWEET DEAL
Bioplastics emerge as another revenue stream for sugar firms, a green one at that. Can the industry balance all the demands?
Maha election results fire up PSU stocks
Analysts believe NDA's landslide victory in the state will bring zing back to the markets that have seen some correction recently
Adopt online banking, reduce branch visits to minimise vulnerability
At the recently held State Bank of India Economist Conclave, Finance Minister Nirmala Sitharaman highlighted that while bancassurance has improved insurance penetration, it has also led to mis-selling.
Zomato shares zoom on Sensex inclusion
Shares of Zomato rallied as much as 7.6 percent on Monday, buoyed by the stock's entry into the benchmark Sensex.
RIL shares rise on Citi's 'buy' call
US brokerage has raised scrip target price to ₹1,530, an upside of over 18%
Godrej Properties to gain from strong land portfolio, demand outlook
Expansion of its development portfolio, brokerage upgrades, and strong outlook have led to a 15 percent gain for the stock of real estate major Godrej Properties (GPL) in six trading sessions.
Rupee appreciates 0.2% to 84.29 against dollar
The rupee appreciated by 0.2 per cent against the US dollar on Monday, tracking gains in its Asian peers.
Edelweiss Financial explores minority stake sale in MF unit
May value the business at $700-$800 million
Sensex reclaims 80,000 mark
Maha poll results, MSCI buying underscore gains
Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.