A Growing Force
The increasing presence of women in leadership roles across various sectors of society has brought about significant benefits. Studies have shown that women leaders contribute to enhanced productivity, improved collaboration, increased organizational dedication, and greater fairness within systems.
Over the past five years, there has been a remarkable rise in the number of women taking up and excelling in leadership positions. The Women Leadership report by AIMA-KPMG reveals that in 2024, 83% of surveyed organizations witnessed an increase in the number of women in leadership roles compared to the previous five years. Additionally, 49% of these organizations saw a decrease in the drop-out rate of women leaders.
Despite these positive developments, the report highlights a persistent disparity in pay parity among women leaders. Only 50% of women leaders receive equal pay compared to their male counterparts, and over 25% believe they are paid less than men in similar roles. Some women even lack sufficient information to accurately assess their pay status.
The report provides valuable insights into corporate practices aimed at fostering women leaders. It examines the current status of women in leadership, their aspirations, the barriers they face, leadership training opportunities, and available leadership roles.
AIMA President, Mr. Nikhil Sawhney, emphasizes the importance of the report's findings, stating that it serves as a valuable resource for organizations, policymakers, and aspiring women leaders. He believes it provides a roadmap for creating a more inclusive environment where women can thrive and contribute their leadership abilities to the betterment of Indian businesses and society.
Mr. Yezdi Nagporewalla, CEO of KPMG in India, suggests that organizations can empower women leaders by implementing specialized leadership development programs, encouraging sponsorship and mentorship relationships, offering networking and visibility opportunities, and fostering a culture of continuous learning.
Research indicates that female leaders often exhibit more transformational leadership styles compared to their male counterparts. They are more likely to embody the organization's best qualities and inspire others to support its objectives. This further strengthens the case for promoting women in leadership roles.