Only 1 in 10 companies want to hire women: Report
A World Economic Forum (WEF) study has revealed that companies in India that are witnessing the highest growth prefer hiring men, and technology-led job growth benefits men more than women.
The alarming report by WEF has also stated that while one in three companies preferred hiring men, only one in 10 companies said they wanted to hire more women.
Country's female workforce participation lower than global average
As per the All India Survey on Higher Education (AISHE), more women now go to college than men and there is an equal number of both in undergraduate science programmes.
However, the recently-published WEF's "Future of Work in India" report suggests that the country's female workforce participation, which is a mere 27%, stands 23 percentage points lower than the global average.
A third of the companies had no female employees: Study
While the study found that men were disproportionately benefiting from technology-led jobs, it also found out that a third of the companies had no female employees.
As per the study, 71% of companies have less than 10% female workers, and only 2.4% have 50% or more females.
Only 11% companies stated they wanted to hire more women and 36% reported preference for men.
Love Business news?
Stay updated with the latest happenings.
Yes, notify Me
And, what about the informal work?
The study says 75% of freelancers are men and the participation of women in freelance work dropped from 37% for women with up to five years' experience to 10% for women with more than 10 years' experience.
The concept of informal work includes unpaid work of the family, in which women participate three time more than men.