Organisations betting on inclusive talent brand: PwC report
Having a diverse and inclusive workforce is no longer just a talent imperative but a business one as well.
New Delhi: An inclusive talent brand is not just an option - but an imperative in today's competitive world as 76 per cent of employers have incorporated diversity and inclusion practices into their firms, says a PwC report.
According to the PwC report, around 76 percent of employers have incorporated diversity and inclusion into their brands and 28 percent have adopted a formal programme to attract and provide opportunities for career returners.
"Having a diverse and inclusive workforce is no longer just a talent imperative but a business one as well. Today, organisations are revisiting their policies and processes to make sure they are more aligned with the changing needs of the modern workforce, with increased focus on women," Satyavati Berera, Chief Operating Officer, PwC India said.
PwC surveyed 4,792 professionals with recent experience of the jobs market from 70 countries and from different organisations to find out about their career aspirations and employer diversity experiences and expectations.
In parallel, PwC surveyed 328 executives with responsibility for diversity or recruitment strategies in their respective organisations to explore current diversity trends and practices.
Meanwhile, organisations across the world are injecting greater urgency into their gender diversity efforts particularly at levels and in sectors where they are currently under-represented.
Women are under-represented at every level in the corporate pipeline, with the gap becoming more pronounced at each level of seniority as just 19 percent of woman are in C-suite positions.
The maximum representation of women is at the entry level position, where it stands at 46 per cent, in the manager level women constitute just 37 percent of workforce, while for Senior Manager/Director level it reduces further to 33 percent, for Senior Vice President it stood at 24 percent and for C-suite it was at just 19 percent.
The top three employer traits for both female and male employees are opportunities for career progression, competitive wages and flexible work arrangements.
The report also noted that women who had recently changed employers said a lack of opportunities for career progression was the top reason they left their former employer (35 percent).
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