Gender Inequality and Top Positions in Business Industry

 By Nishu

"The share of women in senior and managerial positions remains low at 14.6% of these positions. Also, there are only 8.9% of firms with female top managers, the review pointed out, quoting the World Economic Forum’s global gender gap report 2021 brought out in March."

 Women are better educated and more active in the labour force than ever, and are increasingly working in managerial roles. Yet despite these gains, their representation in top positions in business still lags behind that of men.

 Gender inequality in the workplace takes many forms — unequal pay, disparity in promotions, incidents of sexual harassment, and racism. Often, it presents itself in more nuanced ways, like fewer opportunities for women who are mothers and a higher incidence of burnout in women.

 Time poverty has enormous socio-economic repercussions and consequences that are more obvious in women than in men. Given the "double burden" of paid and unpaid jobs as well as the way time poverty affects women specifically, the effects of time poverty have a profound impact on how poverty is defined and how it impacts people. In professions viewed as low-value and unskilled, women are seen to be more prevalent than males. When it comes to women wishing to advance to the top ranks of corporate leadership, women are slightly more likely than men to consider family obligations as a major barrier. In contrast to their male coworkers who may be capable of working longer hours at the office, women are obliged to spend a lot more time on domestic duties.

Given the preceding information, it is obvious that time and job roles, among other things, are significant contributors to women's structural marginalization, which results in fewer possibilities and lower chances for them to reach the highest levels of employment.

Our society has to evolve and understand that a woman can ace any and all roles that she puts her mind to. The least one can do is make the journey less chaotic for them. Increasing gender participation at all levels and at the same time creating a conducive feedback mechanism in the organization can help improve the ratio of women in leadership roles.

 

 LEARN HOW TO DO MORE IN TEENAGE 

By Geetanjali

You're about to find out what is the most productive use of Coronavirus lockdown a teenager could do. What were you doing during the Coronavirus lockdown this spring? while most of the world hunkered down due to the pandemic, an enterprising young lady from Virginia decided to use this time to start- not one, but a couple - of businesses.

This is the story of Talia Levy , a 9th grader from Woodbridge, Virginia. Yes! you heard it right she is only a 9th grader teenager but she is doing so much more than her age . She has also proved that age is never a restriction on women if we are determined to achieve our goals. As a girl, she has become an inspiration to many other girls and a ray of hope to those females who are still tied to the knots of orthodox society and families.

She launched her podcast "Money moves for teens" in May 2020 teaching young people how to value and manage money . She has also created her YouTube channel to increase the reach of her podcast. In addition to her podcast, honor - student Talia also started math tutorial service called Talia's Tutoring to help her peers with their math skills.

During early quarantine, she and her parents were brainstorming possible projects she could work on in her free time, because school was no longer in "normal session" . She finally landed on the idea of starting a podcast.

Now we can imagine when she will be 18 years old, how much experience she will have in the field of entrepreneurship. One piece of advice she would give to teenage entrepreneurs is to make sure they constantly learn. Budding entrepreneurs must keep doing research on industry, customers, and more.

Success has many layers to it, but we experience success when we are helping others become successful.

CRYPTOCURRENCY AND BUSINESS

 

JORDAN BELFORT- "The wolf of wall street" recently shared another admonitory episode from his life , this time not his bacchanalian orgies but his victimhood. A hacker broke into his account and transferred funds worth $30000 to a seperate account.

 

This incident is a source of apprehension as well as jubilation for Indian bussinessesIt is a source of hope and jubilation because it accentuates the low cost and easy transferrability of cryptocurrency.Most businesses fail to transcend domestic frontiers due to lack of speedy fund transfer services at minimal costs but as cryptocurrency widens its reach among consumers , businesses will bask in their domestic as well as international glory.

 At the same time the incident may add to the frustration of businesses due to the lack of sufficient data protection which encourages hacking. Moreover the recent downward surge in the value of cryptocurrency may expose Indian businesses to the risk of easy degradation in financial wealth.

 The need is for an RBI-backed digital asset ,which is well felt by Indian authorities and hence the same was announced in the recently concluded budget session.

By Pratyksha Mishra

 

 

Droupadi Murmu's Presidency

 

RASHTRAPATNI   - The deliberate sexist remark made by a congress MP to our honourable President Ms Droupadi Murmu symbolises impediments on the path of women who attempt to overcome patriarchal norms of the society. Her rise through the ranks is important not only for womanhood but also for all the marginalised communities of India.

 

Ms Murmu's appointment brings extreme pride to India at a time when the military dictatorship of Mayanmar undemocratically ousted  a true leader Ms Aung San Suu Kyi, Women of Saudi Arabia grapple with regressive patriarchal laws, Girls of Afghanistan struggle to get access to formal education,Women of the US fight for their reproductive autonomy.

 

Education is the most potent tool to propel onself forward in society.Droupadi Murmu - a highly educated leader gives immense hope to the girls who are unable to access education due to conventional stereotypes. We expect Ms Murmu to bring policies that give all women absolute access to this tool.

A bill regarding reservation of seats for women in governance is still pending in the parliament . Ms Murmu's appointment gives us fresh hope that the bill will be passed soon.

At a time when India aspires to be  ATMANIRBHAR , Ms Murmu must bring changes that help enterprising women from rural particulary tribal areas to become ANTMANIRBHAR while making India self reliant in a global village through handicrafts, traditional artecrafts and other items in which these women carry expertise.

 

Droupadi Murmu is a lady who rose above many personal tragedies to make an Identity of her own.She is a big inspiration and embodiment of hope for every daughter of this soil.

 

By Pratyksha Mishra

 

Should Women be paid for housework?

 My wife does nothing at all" dismissed a husband even as he nonchalantly listed that she cooks for them, drops and picks up their children from school and cleans the house. This response echoes the thankless attitude of many.

Empirical data suggest that less than one-third of men participate in domestic chores whereas three-fourths of women do all the drudgery. It is because of their efforts that the wheels of the economy function. Yet their work is not respected. It can be said that homemakers provide a form of the labour force that is unpaid and not valued.

Therefore many proposed the idea of paying homemakers a salary. But this has not been implemented anywhere in the world. This may be because paying homemakers is a debatable issue.

Some economists suggest that homemakers must be paid since they improve the productivity of the economy by looking after those who work in it Staunch supporters of the policy say paying housewives is the best way to recognize their efforts.

At the same time, many also believe paying housewives may entrench social norms that confine women inside the house and reduce their participation in the labour force. Another problem with this policy is who will pay? If husbands pay their wives for looking after the house, the patriarchal notion of men being the sole breadwinners will get fostered. Government cannot afford to pay either because the expenditure and fiscal deficit are high.

Moreover, the idea of paying housewives is fundamentally flawed because a homemaker's caregiving effort cannot be monetized. 

Thus the best policy would be one that encourages greater participation from men in doing domestic chores.

 

                                                                                                                       - By Pratyaksha

                                                                                                                         WIB Member

How women were most affected by Covid?

 Drastic Changes during the Pandemic time created a lot of chaos and confusion in society. All around the world, the majority of women were affected and then they were occupied with innumerable household work along with their job.

Incessantly, They were managing everything. But some of the women who lost their jobs due to the Pandemic faced the worst situation.

In the private sector, data says half of the working women have left their jobs or been fired from the company. Even then, some of the women with great enthusiasm started their initiative such as Startups. 

Just because of the number of rumors around the world related to inoculation and its side effects, most women hesitate to take it. The worst scenarios are countenanced by the housewives who don’t have any job or source of income, as we saw that the crime rate against women spontaneously surged during the Pandemic. 

Some of the data that represents women's vulnerability during the Pandemic:-

• According to the Data Afghanistan, Angola, Congo and Zimbabwe were the countries where women were the most affected by the Pandemic. 
• In Bangladesh, the primary health effect of the Pandemic on women is less of a concern but has moderately high maternal mortality rates. There are 10 to 12 other countries with very poor scores on women’s health, majorly the low-income countries. 

Thus, To keep them safe and secure, the government must ensure the regular tracking and monitoring of the situation of women and girls in the most vulnerable countries.

                                                                                                              - By Diksha Chaudhary

                                                                                                                 WIB Member

Effective advertisement in business

The number of companies who spent on advertising is increasing day by day. On average, all around the world $500 billion is being spent on advertising which increased by 10% in 2021. From starting to launch advertisement must if you want to get it to the right people. Advertisement is a paid promotion by the company from customers to get to know about a company, its products and services. 

The advertisement is a must in every business whether it's small as it helps the company to increase its sales and revenue which will expand the business. In this world of digital advertising, it is playing a significant role in business.  We can see the advertisement for US products and get them home very easily if we are fascinated by them. So with this advertisement, we can attract domestic customers as well as foreign which will in a way help a country to grow on a large scale. Acquiring new customers is the main motive of a company. Advertisement helps companies to build a network across states and countries as well. 

How Advertisement is useful?

• Advertising significantly increases your brand's exposure to relevant customers. 
• Advertising also supports the sales and revenue of some businesses.  
• Online advertising and effective ones can boost the growth of many businesses.

Whatever the field is there will be competition in any case. So if a corporation is not involved in any advertisement or any activity then the other company has an incentive and increase its revenue and get control over the market. 

In this sense, advertisement is necessary and everyone is doing that. But if a company is not involved, it will not be able to hang on the market and will end up having a sales deficit because customers didn't come to know about the product so how come they buy the product. 

Staying ahead of the competition, especially in saturated companies is all about continuous exposure. Beyond the reach, you can gain or through word of mouth, advertising can help you to achieve that.

                                                                                                 - By Pooja 

                                                                                                         WIB Member