Women way behind men in the corporate ladder

WOMEN ON PAR TRIP: The survey by Redileon shows women draw 40 per cent less salary than men.

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Mumbai: From homemakers to deal makers it seems to be a long road for Indian women. A report by HR firm Redileon shows women constitute less than seven per cent of senior management leaders in India.

The hospitality and tourism sectors have the largest representation of women in senior management, followed by the banking and financial sectors. But as we climb the corporate ladder, the number of women dwindles. The survey says less than one per cent of CEOs in India are women.

Out of 9,000 board members in the 1,500 listed companies surveyed, only 465 were women.

“It’s basically because we feel there are lot of glass ceilings for women. Some of them are covert other overt like they are perceived as less strong and can travel less,” says MD, Eedileon, Vikram Bhardwaj.

The survey shows women draw 40 per cent less salary than men. Although the wage differential is non-existent in mid management it grows with seniority. That’s because they lack adequate bargaining skills. So, more companies love them. Ninety one per cent of the women surveyed feel there's more opportunity for them now than there was five years ago.