https://www.merit500.com/EVERYTHING-YOU-WANT-TO-KNOW-ABOUT-THE-GDPR

- - UN Chief Antonio Guterres..

has been a matter of debate for many years in both the first world and countries in the third world. Hence, today we have decided to take the examples of the USA and India and compare them based on Gender Balance, and why they direly need Gender Balance Recruiting in the first place.

The USA

If we talk about the financial sector of the land of the free, only 4 companies have women CEOs out of the 200 largest public US financial services industry. Deloitte, a multinational professional services network, estimates that leadership roles held by women in the US will have increased by 31% in 2030. As of now in 2020, the percentage is 22%.

Recently, Jane Fraser has become the first woman to ever head a major US bank (known as Citibank). Jane had worked in Goldman Sachs, Harvard Business School, and McKinsey & Company along with taking care of the family of two children. She joined Citibank 16 years ago, and now at the age of 53 she is hired as a CEO expected to take care of assets worth $1.96 trillion. Talking about 5 of the largest tech companies in the US: Google, Microsoft, Apple, Facebook, and Amazon, their combined female workforce is 34.4%. Moreover, women are highly underrepresented in jobs that are computing-related, especially software engineering and data analysis.

INDIA

In India, in contrast to the US, more women have risen to top positions in the Indian Banking sector. The first bank that made this priority to promote gender diversity in India was the ICICI bank post-economic liberalization of India in 1991. Furthermore, ICICI also created policies that incentivized & empowered women to reach a leading position while also encouraging them to have a stable balance between their professional and personal lives. In 2009, ICICI Bank became the first bank to ever appoint a female CEO, Chanda Kocchar. However, Chanda had to resign in 2018 due to fraudulent claims against her. Unfortunately, other sectors in India lag far behind the US in terms of gender contrast. Out of the 126 Executive Committee members in the Top 20 companies of India, 94% are men. And ironically, the most worthwhile companies (which promote gender balance) for Indian women are American ones. Hence, India needs to take solid steps to promote gender diversity within organizations. It is estimated that if Indian female labour force participation would increase by 10%, India’s GDP could increase by $770 Billion by 2025.

CONCLUSION 

Read the article to know how to hire female employees, and the status of women in modern workplaces. Do you want full data on Gender Balance in the Board, Management Team & positions of power in the Management Team of any of the world's listed companies? The Basic Gender Index Algorithm of Merit500 categorizes the group of people into one of three categories; Balance, Non-Balance or Dominance based on the gender balance within the selected group. For more information, go to the website.

NOTE: - MERIT500 has a publication certificate that allows handling of personal data without the impact of the EU legislation, GDPR.