Business Today 23rd September 2018 | Seite 4

www . businesstoday . in September 23 , 2018 I `100

OC

FROM THE EDITOR http :// www . businesstoday . in

The Gender Pay Gap

T here are numerous studies which show that having more women in the workplaces is good for business – not because it is the politically correct thing to do in today ’ s era , but because it is better for the bottom line . Two years ago , a study by eY and Peterson Institute of the US , looking at 21,000 companies in 91 countries , showed that companies with more women in their leadership teams had better bottom lines . Two McKinsey reports – one in 2015 “ Why Diversity Matters ” and another in 2018 “ Delivering Through Diversity ” – came to similar conclusions . Companies with a higher number of women in top management ranks were more likely to outperform those with lower gender diversity in top rungs . and these are not the only ones – there have been multiple other studies , both sectorspecific as well as country-specific , which have reinforced the findings .

But even while companies and governments are trying to improve gender diversity at all levels – through both hr policies and government policies – another issue is cropping up . This is about gender pay parity – or rather disparity – at all levels in the organisations . It has become a bit of a cause célèbre in both the US and the UK . Several high-profile cases have been fought and are being fought over gender pay discrimination . and it is an issue in India as well , though most of the senior women leaders we talked to wanted to speak off-the-record . But they pointed out that in many cases , there is both conscious and unconscious bias that comes into play , especially against women who have just married or have just had children and are coming back from maternity leave .

Sometimes , well intentioned laws play their own role . For example , the law on six months maternity leave often means that women coming back after child birth get assessed for only six months , while their male colleagues are assessed for the full year .

Our cover story in this year ’ s Most Powerful Women special issue takes a close look at the problem and the possible solutions . another article looks at the problems that women entrepreneurs face , which their male counterparts do not have to deal with , when starting up a company .

Of course , do not miss the profiles of the fascinating women leaders who make up our list of 30 Most Powerful Women in business and economics this year . and also the 16 women who have won our social impact awards for their work at the grassroots level .

S P EC I A L I S S U E

M THE MOST

POWERFUL

WOMEN in business

& Economy 2018

prosenjit . datta @ intoday . com @ ProsaicView

Editor-in-Chief : aroon Purie Group Editorial Director : raj Chengappa

Editor : Prosenjit Datta Group Creative Editor : Nilanjan Das Group Photo Editor : Bandeep Singh Managing Editor : rajeev Dubey Executive Editor : anand adhikari

special projects and events Senior Editor : anup Jayaram

correspondents Senior Editors : P . B . Jayakumar , Nevin John , Goutam Das , ajita Shashidhar , Joe C . Mathew , e . Kumar Sharma , anilesh Mahajan Senior Associate Editors : Dipak Mondal , Manu Kaushik , Sumant Banerji Associate Editor : Nidhi Singal Assistant Editor : Sonal Khetarpal

research Principal Research Analyst : Niti Kiran

copy desk Senior Editors : Mahesh Jagota Associate Editor : Sanghamitra Mandal Chief Copy Editor : Gadadhar Padhy Senior Sub Editor : Devika Singh Copy Editor : aprajita Sharma

photography Photo Editor : reuben Singh Deputy Chief Photographer : Shekhar Ghosh Principal Photographer : rachit Goswami Senior Photo Researcher : Sudhansh Sharma

art Assistant Creative Editor : Safia Zahid Deputy Art Director : amit Sharma Associate Art Director : ajay Thakuri Chief Designer : raj Verma Designer : rajesh Singh adhikari

production Chief of Production : harish aggarwal Senior Production Coordinators : Narendra Singh , rajesh Verma

library Assistant Librarian : Satbir Singh

Publishing Director : Manoj Sharma Associate Publisher ( Impact ): anil Fernandes

impact team Senior General Manager : Jitendra Lad ( West ) General Managers : Upendra Singh ( Bangalore ) Kaushiky Gangulie ( east )

Marketing : Vivek Malhotra , Group Chief Marketing Officer ; Vipul hoon , General Manager

Newsstand Sales : D . V . S . rama rao , Chief General Manager ; Deepak Bhatt , General Manager ( National Sales ); Vipin Bagga , Deputy General Manager ( Operations ); rajeev Gandhi , regional Sales Manager ( North )

Vol . 27 , No . 19 , for the fortnight September 10-23 , 2018 . Released on September 10 , 2018 .

Editorial Office : India Today Mediaplex , FC 8 , Sector 16 / A , Film City , Noida-201301 ; Tel : [phone] ; Fax : [phone] Advertising Office ( Gurgaon ): A1-A2 , Enkay Centre , Ground Floor , V . N . Commercial Complex , Udyog Vihar , Phase 5 , Gurgaon-122001 ; Tel : [phone] ; Fax : [phone] ; Mumbai : 1201 , 12th Floor , Tower 2 A , One Indiabulls Centre ( Jupiter Mills ), S . B . Marg , Lower Parel ( West ), Mumbai-400013 ; Tel : [phone] ; Fax : [phone] ; Chennai : 5th Floor , Main Building No . 443 , Guna Complex , Anna Salai , Teynampet , Chennai-600018 ; Tel : [phone] ; Fax : [phone] ; Bangalore : 202-204 Richmond Towers , 2nd Floor , 12 , Richmond Road , Bangalore-560025 ; Tel : [phone] ; Fax : [phone] ; Kolkata : 52 , J . L . Road , 4th floor , Kolkata-700071 ; Tel : [phone] ; Fax : [phone] ; Hyderabad : 6-3-885 / 7 / B , Raj Bhawan Road , Somajiguda , Hyderabad-500082 ; Tel : [phone] ; Ahmedabad : 2nd Floor , 2C , Surya Rath Building , Behind White House , Panchwati , Off : C . G . Road , Ahmedabad-380006 ; Tel : [phone] ; Fax : [phone] ; Kochi : Karakkatt Road , Kochi-682016 ; Tel : [phone] ; Fax : [phone] Subscriptions : For assistance contact Customer Care , India Today Group , A-61 , Sector-57 , Noida ( U . P .) - 201301 ; Tel : [phone] from Delhi & Faridabad ; 0120-2479900 ( Monday-Friday , 10 am-6 pm ) from Rest of India ; Toll free no : 1800 1800 100 ( from BSNL / MTNL lines ); Fax : [phone] ; E-mail : wecarebg @ intoday . com

Sales : General Manager Sales , Living Media India Ltd , B-45 , 3rd Floor , Sector-57 , Noida ( U . P .) - 201301 ; Tel : [phone] ; Fax : [phone] © 1998 Living Media India Ltd . All rights reserved throughout the world . Reproduction in any manner is prohibited .

Printed & published by Manoj Sharma on behalf of Living Media India Limited . Printed at Thomson Press India Limited , 18-35 , Milestone , Delhi-Mathura Road , Faridabad-121007 , ( Haryana ). Published at K-9 , Connaught Circus , New Delhi-110 001 . Editor : Prosenjit Datta

Business Today does not take responsibility for returning unsolicited publication material . All disputes are subject to the exclusive jurisdiction of competent courts and forums in Delhi / New Delhi only

For reprint rights and syndication enquiries , contact syndications @ intoday . com or call + 91-120-4078000

www . syndicationstoday . in