who have more involvement of
women in the management have better
financial results than those without that. more women into the non-farm labor force
in the next decade and increase the GDP by
25-27 %.
Catalyst reported that companies
with the least number of women directors
on their boards and those with the most
showed that the latter outperformed the
former in their return on their sales by 16 %
and their return on invested capital by 26 %. India's policymakers, business leaders, and
social sector leaders need to focus on following
broad eight areas;
●
Companies
●
In 2013
●
A study
by Credit Suisse 2014 on nine-year
average (2005-2013) showed that with at
least one women on board had a return on
their equity of 14.1 % versus the return of
11.2 % in companies with no such
representation.
●
Thomson Reuters in a survery in 2014 based
on the sample of 1843 international
companies, showed that companies with
the mixed board, had better returns and
fewer tracking errors.
●
Closer to Home a Study in 2014 by Shanavat
and Ramsben, a comparison of
performance between 2009 and 2013 of 863
companies with no women on their boards
and of 990 other companies whose boards
were having at least 10 % women showed
that the companies with mixed boards
performed better.
●
Report
of ILO, 2015, on women in Business
and management at the global level,
showed that except Columbia, Jamaica and
Saint Lucia there were more men than
women in leadership positions. Over time in
some countr ies including Canada,
Germany, and Spain the share of women in
management positions declined between
2000 and 2011.
●
As per
the Projections by the McKinsey
Global Institute Report 2015, there could
be a difference in India by promoting gender
parity across all sectors by having 68 million
4
1.
Education and Training
2. A c c e s s t o s a f e a n d e q u i t a b l e
employment opportunities
3. Control over economic resources and
opportunities
4. Social protection and child care
5. Access to and control over reproductive
health and family formation
6. Freedom from the risk of violence.
7. Voice in society and policy influence.
8. Freedom of movement.
By mere inclusion of women participation in
same numbers as men in the world labor force
could have a potential incremental GDP of 54%.
Exacerbating the Gender Gap in the paid work
could enhance the global GDP by 13 % as 75 % of
the global unpaid work – child care, caring for
the elderly, cooking and cleaning – is done by
women. This unpaid work valued as per 2015 is
dollars 10 trillion of output per year. A lot of
work done by women is invisible, un-
quantified, unrecognized and unrecognizable.
This is because household chores direct and
indirect are not recognized as work nor are
income saving activities such as collecting
firewood or water.
It is not only providing opportunities but also
looking at outcomes. As unequal outcomes
result from indirect as well as direct
discrimination, different treatment might be
required for achieving equality in practice.
As per the World Economic Forum in its Global
Gender Gap Report 2014, it will take until 2095
to achieve the global gender parity in the
Economic Challenger// ISSN 0975-1351/ July-September. 2017