‘48% of NSE firms have no women as key managers’, Pg10

Key Highlights:

• Analysis of NSE-listed companies reveals that 48% have no women in key managerial positions.
• On average, there were 0.64 women in key managerial roles per company in 2024-25.
• Women's representation in the formal workforce is at 18%, a 1% decrease since 2020-21.
• Women's share among formal workers earning over ₹18,000 per month decreased from 21% to 12% between 2020-21 and 2024-25.

Detailed Insights:

• The Udaiti Foundation study highlights a concerning trend of women being relegated to lower-wage positions in the formal sector.
• Hospitals and lab services employ the highest percentage of women (48%) in the formal sector, followed by textiles (37%) and IT (34%).
• Women constitute only 24% of regular wage employees, with 57% lacking written job contracts, earning ₹5,664 less than men monthly.
• The new Labour Codes include provisions for pay parity and non-discriminatory hiring, but effective implementation mechanisms are crucial.

Key Concepts Involved:

• Key Managerial Personnel (KMP): Individuals with significant authority and responsibility for planning, directing, and controlling a company's activities.
• Formal Workforce: Employment sector characterized by documented contracts, social security benefits, and adherence to labor laws.
• Labour Codes: Comprehensive laws regulating employment conditions, wages, social security, and industrial relations.