How to Improve Women's Workforce Participation

October 17, 20192 Minutes Read
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With the changing attitudes of the society towards women working and making their own hard-earned money, there has certainly been an increase in the workforce participation of women. However, we still have a long way to go. Research shows that having more women in the workforce will improve the country's economy considerably. Although we have 43% of the total working women in regular wage and salaried positions by the year 2011-2012 (which is an increase from the 28.5% that existed in 1993-1994), we have still need to achieve a lot in terms of including more and more women into the workforce of India. The Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) encourages more & more women to come forward and utilize their potential to become self-sufficient by providing them free online courses, career guidance, online mock tests and more.

Here are a few ways by which women’s workforce participation in our country can be improved:

Support from family

One of the biggest challenges that girls face with respect to getting higher education and going to work is the lack of support from family. Girls were most often married off very early and stopped from achieving the kind of education or profession they wanted. With the changing times, the mindset of Indian families is also changing and their support can make a huge difference.

Government schemes

The Indian government has devised numerous plans to achieve better workforce participation from women. Various schemes like STEP (Support to Training and Employment Programme for Women), MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act), MUDRA, etc have been made to support women who wish to work.

There are many girls in our country who do not get the opportunity to work owing to a lack of proper education. To make quality education more accessible many entities like the Glow & Lovely Careers provide online courses for free that interested women can take. The foundation also provides online certification courses in numerous subjects which can help them enter the profession they like.

How to improve women's workforce participation

Working women hostels

For those women staying away from homes for work, the government has come up with this scheme to promote the availability of safe and conveniently located accommodation for the working women. The accommodation will include daycare facilities for the children of these working women in the urban, semi-urban and even rural areas. Aspiring women professionals should make use of this.

Corporates supporting women

Corporate companies must alter their policies to enable more women to join the workplace. There are many women who leave their jobs at corporate companies due to certain unfavourable conditions. Although companies like Adobe, IndiGo, etc have made commendable changes, more of them should join.

Better support from the society will help more women make the right career choices and explore more career options.

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February 16, 20242 Minutes Read

Wealth Management and Advisory: Career Opportunities for Young Women

An exciting and lucrative avenue in finance is emerging for young women -- wealth management and advisory. As the financial landscape evolves, so do the opportunities for women to carve a niche in this traditionally male-dominated sector. Let's explore the promising career opportunities for women in wealth management.

Wealth management is not just about handling money; it involves strategic planning, investment advice, and creating financial roadmaps for clients. This dynamic sector offers many jobs for women with a keen interest in finance and a desire to empower others financially.

The rise of women in finance is challenging stereotypes and reshaping the narrative of the financial industry. Women's inclusivity in wealth management brings diverse perspectives, innovative thinking, and a more empathetic approach to client relationships. This shift concerns equality and a more holistic and client-focused financial experience.

One noteworthy aspect is the increasing prevalence of online jobs for women in wealth management. The digital age has opened up avenues for remote work, allowing women to balance professional and personal commitments seamlessly. Online platforms offer flexibility and accessibility, making wealth management more accessible as a career opportunity for women.

The role of women empowerment jobs in wealth management extends beyond managing finances; it's about empowering clients to take control of their financial destinies. Women in this field are not just financial advisors but mentors, educators, and advocates for financial literacy contributing to a more informed and economically empowered society.

The financial sector recognises the unique strengths that women bring to wealth management. From communication skills to emotional intelligence, these attributes enhance client relationships and contribute to the overall success of advisory services. The changing dynamics of the industry create an environment where women can thrive and excel in their careers.

As the demand for personalised financial advice grows, so does the need for skilled professionals. This presents a wealth of career opportunities for women willing to invest in their education and build expertise in wealth management. Financial institutions actively encourage women to pursue careers in this field, recognising the value they bring.

An exemplary figure in this context is Neha Sharma, a young professional who found her calling in wealth management. Neha's journey reflects the changing tide for women in finance as she navigated the industry's intricacies to emerge as a successful wealth advisor. Her story inspires young women seeking this dynamic and rewarding career path.

The shift towards creating career opportunities for women in wealth management aligns with broader societal changes. Organisations are realising the importance of gender diversity in their teams, promoting an environment that fosters equal opportunities and values the contributions of women in finance.

The wealth management and advisory world holds tremendous promise for young women in India. The evolving landscape creates exciting career opportunities for women who aspire to make a mark in the financial sector. As women continue to break barriers and thrive in wealth management roles, the future promises a more inclusive and diversified financial industry where expertise knows no gender boundaries.At Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation), we believe in empowering women to be independent. We provide online career guidance, existing jobs and other courses to help them in India's wealth management field.