WOMEN HEADCOUNT
India’s five big IT firms see net exit of 25,000 women in FY24
The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in the total number of women employed by these firms from 374,000 in March 2020 to 540,000 in March 2023, the diversity ratio has only seen a marginal growth of 0.9 percentage points during this period.
Women as business leaders: India Inc moved little in five years, finds study
The male-to-female ratio in leadership roles at Indian companies remains unchanged, indicating a lack of gender equality. Sectors like technology, information & media, real estate, transportation and logistics have seen a downward trend in women in leadership roles, while industries like construction, oil, gas & mining, and utilities have seen more women in such positions.
Fewer women are getting promotions compared with men, shows study
Women are also getting a smaller chunk of the promotion budget. Of the entire promotion budget that companies have, women are paid Rs 88 for every Rs 100 that men are paid, according to data from global professional services firm Aon, shared exclusively with ET. This indicates that women are not getting higher-paying jobs or are getting fewer high-paying roles.
View: What lies ahead for ITeS sector & how GoI can play its part
While the ITeS sector will continue to grow near double-digit levels, headcount will shrink in 2024 by at least 5 percentage points. If the sector does not shed people, it would indicate seeping complacency, a lack of understanding of the impact of new technologies, and an incipient loss of competitiveness. It needs to reduce headcount, and stay competitive and relevant in the face of automation and AI.
NTT Data looks to grow presence in India
“India makes up the largest geography for us, and we’re looking to expand here for all our segments - financial services, insurance, manufacturing, and automotive, as well as healthcare,” said Ravi Kumar, group SVP, NTT Data.
TCS, Infosys, Wipro, others are steering the drive to bridge IT's gender gap
The share of women employees across the top five IT companies stood at 34.1% at the end of the first quarter of 2023-24, up from 31.7% as of the first quarter of 2017-18, Xpheno data showed.
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Quest Global looks to grow presence in India
Engineering solutions company Quest Global is hiring across its global network, but especially so in India. The firm, which currently employs about 17,500 people globally, is aiming to increase its female headcount. Quest Global is now looking to provide mentoring and networking opportunities for women of all levels, as well as offering flexible schedules for women looking to balance their family responsibilities alongside their careers.
Hiring of women pips IT headcount growth
The number of female employees increased 6.5% at these IT companies in FY23, outpacing growth in their total headcount, which was 5.9%, according to a survey commissioned by ET and conducted by staffing firm Xpheno.
Snags hit ecommerce orders on ONDC; IT firms hire more women in FY23
Government-backed Open Network for Digital Commerce (ONDC) is set for rough weather ahead as the platform faces roadblocks while scaling. This and more in ETtech’s Morning Dispatch.
Orion Innovation commits to increase women workforce in India by 15 per cent
With this commitment, Orion Innovation aims to not only increase India headcount but also create a more diverse and inclusive workplace, he said. Last month Orion Innovation said it has acquired global technology company Sryas Inc for an 'undisclosed sum'. The acquisition has been 'completed' and Sryas Inc has become a subsidiary, Orion Innovation CEO Raj Patil had said.
Stray cattle menace: UP district conducting headcount to check abandonment of cows
Rajesh Yadav, a former MLA of the Miranpur Katra assembly constituency, said he travels 35 km to Shahjahanpur city from his village Shivra everyday and witnesses road accidents caused by stray cattle. "Just a few days ago two bullocks came on the road fighting each other and hit my car, due to which myself and two other persons were injured," he said.
Women’s participation in MSME sector at 24%, higher than other industries: Study
The survey also revealed that engineering, operations and sales/business development are the major business functions in the MSME sector.
HCL Technologies plans to increase Nagpur headcount to 5000 in two years
HCL Nagpur has grown by creating opportunities for local talent through their #ComeBackHome and #StayRooted campaign, which resulted in over 80% of the talent at the campus belonging to Nagpur. The company reports seeing a trend of experienced technology professionals moving from urban hubs such as Pune and Mumbai to their cities.
Half of crypto investors millennials; women users rising rapidly: ZebPay
"We have seen a significant growth in investors interested in crypto this year and the trend isn't slowing down. With the global adoption of crypto, blockchain products and services like NFTs are going mainstream," said Avinash Shekhar, CEO, ZebPay.
Lowe's looks to ramp up footprint in India
“Lowe’s in India is an integral part of what we do for our parent organisation. In the U.S. we’ve grown rapidly through the pandemic, since we’re in the home improvement business and our customers have been investing more in their homes through this time,” said Mohith Mohan, head of HR, Lowe’s India.
CSS Corp to ramp up headcount, create talent pool in India
A majority of the hiring is to be focused on engineers. The company is also looking to hire non-engineering graduates (B.Com, B.Sc).“We have been sharpening our focus on campus and lateral hiring. We doubled our headcount in 2.5 years, and are looking to double it again in three years,” Sunil Mittal, CEO at CSS Corp, told ET.
As Covid-19 cases wane, host of startups look to increase headcount
“Our revenue doubled in the last year and we grew heavily in terms of numbers of customers and properties. With the second wave of Covid ending, we have seen a jump in customer interactions and in the next six months, we would see pent-up demand coming in our favour,” said Amit Agarwal, cofounder of the Bengaluru-based startup.
TCS crosses 500,000 headcount
The company added a total of 20,409 new employees during the quarter, its highest ever quarterly net headcount addition.
Winds of change: More women manning auto assembly lines
The inclusion of women has improved the culture and discipline on the shopfloor because female associates are keener on punctuality, process adherence and following guidelines.
Expanding your business? Should you increase headcount or use technology
As evident from the Oracle survey, employees trust technology mainly because they could confide in it and there were less chances of bias.
Women Inc Budget wishlist: Tax-free healthcare equipment, reforms to promote ease of doing business
With expectations riding high, top bosses have their wishlists ready for Nirmala Sitharaman.
Vedanta to raise women headcount to 30% in 2 years
Currently, 11% of the company’s 25,000 employees are women, which it aims to increase to 30% in two years. This can be compared with the average female workforce headcount of 3-8% in India’s manufacturing sector.
Women knocking down stereotypes in male-dominated sectors
The role of a naturalist may not be considered a mainstream career choice, but increasingly more women are showing interest in this line of work, according to the trends at Taj Safaris.
Synopsys to ramp up India headcount
“Almost 22% of our workforce in India comprises women, which sets us ahead of the semiconductor industry average of 14%, according to a study by Aon Hewitt,” said Collinson.
Alstom to expand engineering centre headcount by 700
The centre is engaged in designing and manufacturing for the Kochi Metro, Lucknow Metro and Chennai Metro, among other domestic projects.
India's best companies to work for 2017: Teleperformance India knows walks the talk on gender diversity
Teleperformance India’s initiative comes at a time when the government has passed a law that requires companies to provide for paid maternity leave of 26 weeks.
Diversity drive: Tata Steel to induct 5,500 women by 2020
“Most of the diversity hiring would be replacement of positions currently held by men,” Atrayee Sarkar, chief diversity officer at Tata Steel, told ET.
At Edelweiss, women to make up 30 per cent of headcount in five years
The plan is to stop women from leaving around mid-career, by providing them with mentoring support and charting out a clear career growth path to retain high-potential female professionals.
BankBazaar in hiring mode; to increase headcount by 50 per cent
The company currently has over 850 employees, with 62 per cent males and 38 per cent females.
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