Deloitte, ICICI & HUL among Top 10 ‘Best Companies for Women’ in India
Most companies have introduced new or improved provisions to aid working women in India, reveals a new study.
The first edition of the Best Companies for Women in India (BCWI) study 2016, conducted by US-based magazine Working Mother and women-centric career service AVTAR, lists organisations that champion sustainable careers for women.
For the study, 350 companies across the country were surveyed on factors like women’s recruitment, retention and advancement, maternity benefits, safety and security, flexible work programmes, paid-time off etc.
Of the 350 companies, the 10 most favorable companies for women to work are (in no particular order):
# Deloitte India
# Ernst and Young India
# Hindustan Unilever Limited
# IBM India
# Accenture India
# ICICI Bank
# Morgan Stanley
# Intel Technology India
# Mindtree Technologies
# People Combine Educational Initiatives
# Cummins India
Key Findings (Best Companies for Women = BCFW):
# Top 100 BCFW in India have ‘zero tolerance’ policy for sexual harassment at workplace.
# 32% of all employees in Top 10 BCFW in India are women.
# 25.25% of all employees in Top 100 BCFW in India are women.
# 37% of all managers in Top 10 BCFW in India are women.
# 18% of Top 100 BCFW offered 6 months of paid maternity leave.
# 86% of Top 100 BCFW and 100% of the Top 10 BCFW offer paid paternity leave.
# 70% of Top 100 BCFW offer paid leave to adoptive mothers.
# 40% of Top 10 BCFW provide day care services for their employees’ children.
# 70% and 50% of Top 10 BCFW provide tuition reimbursement and sponsored care for their employees respectively.
# Average attrition rate among women is 20%, compared to 68% for men in Top 10 BCFW.
# Most favored working arrangements in 100 Best Companies for Women in India include flexi-time, work from home and half working days.