A joint study, conducted by AVTAR Group, a diversity advocate and US-based gender parity organisation Working Mother Media, has identified top 10 companies as the best women employers in India.
The top 10 companies identified in alphabetical order are Accenture Solutions Private Limited, ADP Pvt Ltd, Barclays Global Service Centre Pvt Ltd, Deloitte in India, EY, IBM India Pvt Ltd, Shell India Markets Pvt Ltd, TCS, Tech Mahindra and Verizon Data Services India Pvt Ltd, a press release said.
The study also stated that at the C-Suite level (top management), women are twice as likely to stay back in their organisations as compared to men.
"The current attrition rate of women in C-Suite Level stands at 4%, half of men’s attrition rate at the same level which stands at 8%," the study said.
C-Suite executives includes chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO).
Substantiating the higher employability of women and their retention potential, the study further revealed that the average attrition rate of women across levels remained significantly lesser than men.
The comparative level of women is low compared with men at entry Level (women – 28% and men – 34%), managerial level (women – 12% and men – 16%), senior managerial Level (women – 8% to men – 12%) and C-Suite Level (women- 4% and men – 8%).
The study however finds that women hiring saw a 2.5% dip between 2017 and 2018.
"While in 2017, 36% of all hires were women, in 2018, this figure stands at 33.5%. While the promotion rates of men and women were at par at C-Suite level (at 5.3% and 5.6% respectively), at the mid management and senior management echelons, men were 3% more likely to be promoted than women," the study revealed.