Break the glass ceiling within YOU

Article by Dr. Divya Kumar, Associate Manager – Research, Avtar

Reunions are very always special. It is the time when we take off from our routine, eagerly await to see our pals to relive our cherished moments. It is beautiful to take a trip down our memory lane. It becomes even more special when it is with our all-girls gang. Every year our college alumni association team would send meet invite to our batch. But it was always the “regular few” who come together. This year we speculated whether the meet will be called amidst the COVID-19 , and just then our alumni team sent our first-ever virtual reunion invites. To everyone’s surprise, it was a full house! It was lovely to meet “virtually” every one after so many years. It was amazing to see little kids and families coming together. Truly, we all have come a long way, and each of our lives changed so much. It was amazing!

Reena, our college topper joined the reunion for the first time. She is working in a multinational bank and is a mother of two children at the junior school level. She is in the mid-stage of her amazing career and one of the identified Hi-Po talents at her organization. I was super excited to hear, but Reena did not have that vibrancy as she spoke. Her motherly guilt and more expectations from her at work is not supporting her in any direction and is in the dilemma to choose between family and career. It was just not Reena with this mind-set, but a few more working moms shared the same.

So, I decided to decode the questions that were pondering within me. Why woman like Reena(s) who have made significant progress in being recognized as outstanding managers, aren’t making it to the top? What is derailing them?

In today’s competitive corporate environment, women employees find it a bit more difficult to charter a plan, especially at their mid-career stage. Work-life balance is a major problem for today’s working women. The demands of full-time work conflict with the relational factors in their family life. Women feel they have to make difficult decisions that leads to the sacrifice their career or family, with little understanding of the influences that affect decision making. With the technological advancement of our work modules creating a clear boundary between home and work life is no longer possible. The traditional concept of work-life balance has now evolved as work-life integration. Work-life balance is a separation of your professional and personal lives whereas, work-life integration is a connection between work and personal life. Interestingly, organisations have started to embrace the idea of work-life integration with their career enablers like flexibility, remote work, childcare support etc.

But again, what is still that one factor that often disrupts or derails women professionals? Hay Group examined the performance and paths of 12 of the highest leading women in one Fortune 500 company and other executive women of global organizations. The study reveals that the highest-performing women had in common a strong orientation toward achievement. It is instrumental in driving an advancement to a large extent. To have control over your career requires you to be INTENTIONAL. The word “intent” refers to my mindset at the time of a specific action, and it’s something many don’t think about. While being intentional may mean you have to think more, purposeful actions yield better results as it is the ability to change what requires to be changed with maturity.

Here are the steps which can help you to create alignment of your goals, values and actions-

  • Identify a clear goal that you want to achieve professionally
  • Break down identified big goal into small objectives attached to timelines
  • Assertive and strategic planning enables you to be disciplined with your time and priorities.
  • Invest in professional development by staying open to new opportunities
  • Find innovative solutions to your workplace problems
  • Network and discuss with peers and colleagues to gain new insights
  • Track the progress will motivate to steer it in the direction of attaining your goals
  • Never hesitate to communicate and negotiate on what you want to your reporting managers

Be INTENTIONAL as you will certainly make a DIFFERENCE with more maturity and purposeful engagements to reach your desired GOAL!


YOUR PRESENCE & POWER MATTERS IN THIS WORLD!

Article by: Archana Sathish, Strategic Design Unit

“Women are born to cook, do household chores, and be responsible for childcare”. To be precise, people in older days believed, “women are not just born, but fit for only these tasks”. To rewind the Indian society also believed in child marriage and certain bizarre practices such as Sati, female infanticide etc. which is very rare today compared to what it was in those days. 

Thanks to Industrial revolution and Education which had actually changed the whole idea about what women are “also” capable of. Let’s just say that earlier women just accepted the rules and restrictions constructed by the Indian society. But if we see today, right from driving a train to holding the highest office in the Government, women are present everywhere. Women today have the courage to voice out opinions whenever necessary due to the given exposure. 

As we all know that women still do face obstacles today at the workplace, maintaining the work-home integration, and various other responsibilities. But the way women tackle issues at work and at home is praiseworthy! Yes, it is now widely acknowledged, and pretty much accepted, that there are no differences between men and women in either capability or potential as women are proving themselves again and again. However, whilst this is true of all the professions, and broadly across all manufacturing and service sectors, there are still some stark limits to perceived parity. 

Women comprise a significant segment of the workforce. And, while the number of women working today is a substantial increase from past years, there’s still a lot that can be done to increase the number of women who are not only part of the workforce, but remain engaged and active throughout their careers. 

Why are women important for workplace?

One possible reason is diversity. Diversity at work brings together different types of energies that complement each other. In a male dominated culture, the workplace loses out on all that women bring to the table – multitasking, customer-centricity, teamwork, a nurturing mind-set and so on. 

This does not mean that men don’t have these qualities, but women by design are more conditioned towards these characteristics. 

Secondly, women make for nearly 50 per cent of the world’s population. For a more balanced workplace they need to be represented equally, too. Actually, they need to have an equal representation in the larger scheme of things everywhere. 

Ready to look at some facts and figures?

  • By 2050, India Will Be the Most Populous Country in the World.
  • By 2027 the working-age population in India will be almost 20% (18.6%) of the entire global labour force.
  • Reaching gender parity would have a bigger impact in India than in any other region in the world.
  • Increasing women’s labor force participation by 10 percentage points could add $770 billion to India’s GDP by 2025.  
  • India’s labour force participation rate for women is low due to lack of suitable work, especially for women, is not readily available. Flexibility in work timings and proximity to their households are important.

When we have to talk about attainment of goals or building a solid workplace culture and atmosphere, traits such as empathy, intuition, and optimism of women are required towards the benefit of the company. Their emotional intelligence and passion helps to create a healthy and positive workplace relationship and well-rounded workforce. 

Male dominated workplaces is slowly turning into a myth. This might be the result of gender willingness, career intentionality, and confidence of female employees. To conclude, women are fighters! They are born to bring in revolution to the world!

 Let us all continue to respect their capability and recognize them for who they are! 

Reference: https://www.catalyst.org/research/womenintheworkforceindia


FACE IT. CHALLENGE IT. FIX IT.

Article by: Archana Sathish, Strategic Design Unit

Be it Politics, Technical/Non-Technical, Film Fraternity, Sales and many more challenging industries, women are omnipresent. We should feel delighted to have such notable figures in this world as they are proving themselves over and again. But are we looking at it right? Are we witnessing the deeper insights of women being in such varied industries? Are we are just looking at the bright side of it? Every situation has a boon and a bane. The question is have we looked at the bane? How many of us have noted the original reason for women employees quitting their jobs? How many of them speak up in case of serious issues? How many of us know that the darker side dominates over the brighter side in workplace? Women maybe mentally and emotionally strong. But do they have enough strength to face various situations? To be very honest, the challenges faced by men are completely different from the ones faced by women at work.  

As we know that harassment has always been a ‘bone of contention’. According to sources and reports, around 87% of women in workplaces do not file a complaint or do not speak up in case of any harassment. Also, around 60% of women face unwanted sexual advances at workplace. Yet they remain silent for various personal reasons and fear of losing their job. It’s not that it is inexorable, but can be minimized as companies are obliged to maintain a POSH Committee (Prevention of Sexual Harassment) for the safety of their women employees and staff. 

Workplace sexual harassment prevention has been a top priority for companies going into 2020 and will remain that way long after the high-profile scandals of the last year have faded. As a result, companies may have provided mandatory sexual harassment training to employees, consisting of definitions and clichéd examples. Just an insight though, there is an app that can help you track the number of times men speak over women in meetings. It’s called Woman, Interrupted. Load it on your phone and place it on the table. It doesn’t record it simply tracks when a woman’s voice is interrupted by a man’s. There are limits to this app. It’s not completely inclusive of women and men whose voices pitch outside the norm. But it can provide a rough, data-led way to show your boss the problem.  On the other hand, working mothers today who are called as “multitaskers” face good amount of issues due to work-life balancing. Surveys says that 44% reported that work-life balance is the toughest challenge in workplace. It’s 21st century and women from all around the world want it all; a blissful family, a rewarding career and some solitude to find some time for themselves. It’s not easy to juggle this as being a full-time working mom comes with bouts of stress and guilt for not being able to give equal time to work and family. But every will has a way! Women can speak up for flexible working

hours, modification or any amendments in shift timings as it is any day not safe for women to just take a walk alone post 9pm. Working mothers could have talks with their manager to consider scheduling important meetings during the time when the kids are asleep. They could allocate an isolated place for just working. Also, company managers can put themselves in the shoes of a

“People’s Manager” as they regularly inquire about their work-life situations where women communicate to them in case of any difficulties or stress faced by them.

Every job has its own value and today people are paid based on the intensity of their job role and designation. We believe that today the disparity in equal wages/pay aren’t existing as an alarming issue. Yet it’s happening in some parts of the world. Reports say Equal pay was listed as the most significant issue in the workplace by 51% of women in Britain. Over the last decade, male graduates could expect to earn 20% more than female graduates. This is why fair remuneration was of the biggest factors. Hence, women employees decide to move to a new job. 

How do they tackle such issues? Every women wants to be successful, isn’t it?

Firstly, sort out your priorities. Both personally and professionally. Ask yourself, what can be compromised or completely non-negotiable? What are the jobs you need to be marvelous at, what are the jobs you can be ‘just good at’? Try to make such adjustments and be clear in what you prioritize. Also there is nothing to feel ashamed of thinking that “I can’t do so much work” 

Master the art of delegation. But again, you are in the safer side being clear in what you should delegate, and what not to delegate. This can save you from fatigue and burnout situations. When it comes to personal affairs, working mothers can get the situation sorted by splitting house work with family members. In this way, everything gets balanced! While working at your desk, you can always stay connected with your kids by making video calls as technology allows you to get to know about the whereabouts of your loved ones. 

For all working mothers out there, every minute is crucial –at home and at work. If we all need to stay productive, all we need to do is keep chatty co-workers, smartphones, Television, casual surfing and other distractions at bay. Plan your weekend and allot sometime for ‘yourself’. Sometimes, it’s really alright to think about yourself, have some leisure time and pamper yourself. Go to a spa, get a massage, watch your favorite TV series, read a book, travel solo, or just do nothing at all as many most of us prefer doing nothing, but just sitting and glaring all day!

It’s all about compromises, sacrifices and constant adjustments to lead a decent- comfortable life. It’s better to be prepared and learn to make the most of your time and energy. The more we know ourselves and our priorities, the more balanced our life would be. So, the ball is in your court! 

References: https://isight.com/resources/guidetoworkplacesexualharassmentinfographic/


Working Women – The New Investment Gurus

Article by: Dr. Divya Kumar, Associate Manager- Research, Avtar

It was a pleasant afternoon. Our team had gathered at the lunch table and were enjoying passing our delicious lunch boxes to each other. Neha, one of our teammate joined us a little late. I checked with her, whether all was fine. Neha replied with a big smile “Yes, I had been to the bank to close my fixed deposit as it dated for maturity and also wanted to check for other recent investment plans.” Wow! we working women have come a long way.

Women are always great with money. We really know how to save every penny. But it is important to know that SAVINGS is not equal INVESTMENT. They are different. Saving is setting aside a sum of money from our income, for future, predominantly for any unforeseen contingencies. Whereas, an investment is an asset or item accrued to generate income either for short or a long term.

Till a few years back, women relied on their fathers or their spouses to go about their investments or financial plans. Times have changed. Now, there is increased access to obtain knowledge about financial planning and advises from experts through the web world, social media and awareness sessions at offices. The digital wave has ensured every working woman her financial independence and surged confidence in her investments. Working women tend to take career breaks for motherhood or elder care at least once. It is critical being at ease with financial investment by choosing the correct investment tool. So here are some investment tools, listed. The listing is a blend of traditional and more dynamic avenues methods of investments for you to consider:

  • Public Provident Fund is one of the most popular investment plans in India and has tax benefits.
  • Employees’ Provident Fund is considered as one of the best investment options for working women as it allows tax benefits and gathers tax-free savings.
  • Life & Health Insurance cover provides much needed financial security for you and your family. Remember, as your income increases you should increase the insurance cover.
  • Government schemes Kisan Vikas Patra is one of the best short term investment plan as the maturity value doubles the principal amount. Sukanya Samridhi Yojna was launched specifically for the welfare of the girl child.
  • National Savings Certificate is considered as one of the safest investment schemes that can be availed at the post offices.
  • Post-Office Time Deposit/Monthly Income Scheme is considered to be eligible for child investment plans, where a single mother can invest a certain amount for her child’s education and healthcare.
  • Bank Fixed Deposits is another good investment cum savings options that can be availed in both public and private sector banks.
  • Mutual funds are a unique investment pooling entity which enables investors to invest in a wide range of securities in a single platform.
  • Systematic Investment Plan (SIP) is a facility offered by mutual funds to the investors to invest in a disciplined manner.
  • Gold is contemplated as a good investment in Indian society. It is important to note that only invest in gold coins and bond from RBI authorized dealers and banks can be exchanged for higher whenever needed. Purchase of gold jewelry cannot be considered as an investment.

So how can you start your financial planning?

It begins with your annual and monthly aligned budgetary allocations. It is important that your family needs to be alerted periodically keeping in mind future expenses – buying a house or accumulating capital for a business idea that you always dreamed etc.

Next, reduce impulsive spending. Shopping and entertainment are the two biggest impulsive spends. This is largely influenced by pester power (the ability of a child to pressurize its parents to buy a product/item, largely influenced by the advertisement in the media).

Eventually, in due course of time, you will be enabled to channelise your hard-earned money to fulfil your financial goals.

Because  –  “WHAT IS MEASURED GETS MANAGED”!