What are Companies Doing to Empower Women at Work

January 9, 20193 Minutes Read
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The year 2018 has been instrumental for women in terms of giving them a strong platform to voice their thoughts and ask for their rights. We came across numerous movements started by women across the globe towards making the world a better place for them to live in. One of the most important areas of concern is the empowerment of women at work. It is a well-known fact that women around the world are facing different kinds of issues at work ranging from the gender pay gap, harassment, career opportunities and more. Globally the wage gap between women and men is around 57%. Only 22% of managerial positions worldwide are currently occupied by women. In the wake of this situation, many companies have started taking initiatives and making policies to combat these trends and make it more comfortable for women in the workplace.

Let’s read more on what different companies are doing in this regard.

Closing the gender pay gap

Companies like Adobe and Kellogg India have taken commendable measures to alleviate the gender pay gap. Adobe signed the 'Equal Pay Pledge' two years ago with companies including Facebook, Apple, and Microsoft, and the pledge read as follows:

Adobe is proud to join the list of companies committed to equal pay. Paychecks are important, not only because they cover the needs of employees and their families, but also because they are an important indicator of fair treatment. Gender should have no part in driving pay decisions.

Adobe has stayed true to this pledge and has achieved 100% pay parity in the information technology sector (IT). The company believes that women play multiple roles in their lives and their strengths and styles bring a different set of advantages to the table. They should be given due regard to this fact and rewarded equally as men.

Giving women equal responsibilities as men

Companies have started hiring more women into their talent pool and giving them responsibilities equal to men. The management at Indigo has started a few mentoring initiatives including a women executive shadow programme and Lean In circles, a voluntary peer group initiative. The Indigo management says that they celebrate 'pilots' and not 'women pilots', and applaud managers, not "lady managers". Indigo has been hiring many women professionals and today women constitute 43% their workforce. The company has nearly a third of our managers and above positions are held by women, and a fourth of their leadership positions are held by women too. This shows that companies like Indigo are making efforts to give more opportunities to women.

Taking strict measures against sexual harassment

Sexual harassment of women has been a topic of heavy discussion this year. With the #MeToo movement many women across the world have come forward talking about sexual advancement my colleagues and superiors. In the wake of this situation, many companies have come up with special training and policies to prevent sexual harassment in the workplace. Google's training is based on studies that reveal that awareness of our own unconscious biases can help reverse them. Google makes its videos and self-paced online training available to everyone. Microsoft also relies heavily on unconscious bias training, with coursework that includes introducing students to unconscious bias and helping them understand how it influences behaviour and impacts an organization.

Encouraging women to return to work after career breaks

Companies like Vodafone have taken up the challenging task of becoming the world's best company for women to work by 2025. As part of this initiative, Vodafone has come with the ReConnect project. This is a talent programme aimed to encourage women who've taken career breaks to come back to work. It helps these women make professional connections and find opportunities. The program aims to bring 1,000 women back into the workforce in three years. Vodafone also runs a global maternity policy which ensures that employees get a minimum of 16-weeks maternity leave at full pay.

These measures and many more have to come in place and need to be well executed by all the companies across the world. The Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) encourages women to come together and fight for their right not only at the workplace but on every other platform. For those looking to make bigger impacts in life and climb up the professional ladder, we havefree online courses on various subjects. You can also take up our free online psychometric testto figure out what exactly your professional inclination is. You can also utilize our career guidance tool to make sure you have made you take the right road as far as your career is concerned.

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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.