The Best Companies for Women in India is the first global expansion of Working Mother’s 100 Best Companies, which has been published in the U.S. for 31 consecutive years. With a growing percentage of adoption and surrogacy in India, 70% companies in India offer an average of 4.7 months paid leave for adoptive mothers in India and 15% of companies in India sponsor their women employees for infertility treatments, reveals the study.
100 companies in India Inc have introduced a series of initiatives aimed at Young Mothers at Workplace, reveals the first edition of Best Companies for Women in India (BCWI) study 2016 conducted by AVTAR Group – India’s first diversity advocate and workplace inclusion expert and Working Mother Media, a celebrated gender-parity champion in the United States.
The Best Companies for Women in India Study 2016, instituted by Working Mother in partnership with AVTAR Group aims to identify best practices and policies followed by companies for increasing women workforce participation.
The survey was conducted among 350 biggest employers in the country and lists the 100 Best Companies for Women in India. The study further reveals that 86% companies have introduced paternity policies at workplace as an aid for Young working mothers. An average of 7 days paid paternity leave is the most sort after policy of the year 2016 states BCWI Study 2016.
The Best Companies for Women in India Study 2016, instituted by Working Mother in partnership with AVTAR Group, aims to identify best practices and policies followed by companies for increasing women’s workforce participation. The study was conducted amongst 350 participated, biggest employers in the country and lists the 100 Best Companies for Women in India.
The study further reveals that 86% of companies have introduced paternity policies at workplace as an aid for Young working mothers. An average of seven days paid paternity leave is the most sought after policy of the year 2016 states BCWI Study 2016.
With 30% of companies introducing strong formalized returnship programs, second career programs stand out to be the most effective initiatives for helping young mothers in rejoining the workforce. 52% companies allow for an average of 6.3 months of phase-back (in addition to paid maternity leave) for young mothers rejoining the workforce after maternity leaves.
Day care services, tuition reimbursement and sponsored care are some of the best in class practices adopted by India Inc to retain women in workforce. The study further states that 60% companies rate remote work, flexi-time, partial work and partial pay as the most favoured flexible working arrangement for working mothers.
Commenting on the increasing focus on young mothers at workplace, Dr. Saundarya Rajesh, Founder – Resident, AVTAR Group said, “The 100 Best Companies for Women in India have exemplary policies that can plug the women talent drain. These policies cushion the career paths for women professionals during key life events such as maternity and help in the retention and growth of these women. We salute these visionary companies whose policies are rightfully compassed towards gender balance! I’m confident the insights from this first edition will set a benchmark for companies to further strengthen their Women inclusive HR policies.”
See: 84% Indian Employees Optimistic About Great Career Prospects in 2017
Subha Barry, Vice President and General Manager, Working Mother Media commented, “We are very proud and excited to recognize these extraordinary companies who excel in their progressive policies and leadership programs to advance women here. The winning companies are models of excellence, not only to attract the best employees, but to retain and promote them as well.”
Some key findings from the 2016 AVTAR & Working Mother Media Best Companies for Women in India Study are:
Listed below are the top 10 Best companies for women in India:
Here are the 2016 100 Best Companies for Women in India. The selection was based on data of highest order granularity spanning seven key policy clusters namely – Workforce profile, Flexible work, Women’s recruitment and retention, Benefits, Paid-time, Company culture and Safety and security.
Also read: Millennial Work Ethics: Reshaping the Workplace of the Future in India
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