Business and corporations with female leaders, as research shows it, have a competitive advantage – companies with 3 women directors are much more successful with 66% better returns on invested capital and 53% better return on equity. Yet only few women ever reach board positions and never does a women CEO get replaced by another woman.
“Data says it is going to take 217 years for us to cover the gender gap. The situation in India is much more frightening. Only 26% women join the workforce as opposed to the global average of 53%. But there are significant opportunities if we start working now.” – Ipsita Kathuria (Founder and CEO, TalentNomics India )
There still exists a large gender gap in workforce participation at the entry level. The funnel needs to be broadened to leverage the pool of potential talent that is being ignored. From there, we need to come together to build a pipeline of women leaders for tomorrow.
Since its inception in 2015, TalentNomics has been working on reimagining women leadership. Through its leadership learning program: CruciBOLD and 6 conferences (3 in the United States and 3 in India), TalentNomics has reached out to over 30 organizations and 1000 leaders/potential leaders, all of whom have engaged themselves with us, in addressing the global concern of leaking pipeline of women leadership.
CruciBOLD India was launched in September 2017. It’s a cohort of 19 senior women from organizations like CLP India Power Limited, Dr Lal Path Labs, YES Bank, WNS Global Services, WIPRO, Tata Steel, Vahura, InfoEdge India Limited, IL&FS Financial Services, TVS Logistics Service Ltd. and GSK. They meet at regular intervals over the year to discuss key challenges for women leaders and innovative strategies and solutions. Each of the sessions focuses on key leadership topics and is facilitated by business leaders, academic experts, executive coaches/trainers or subject matter experts. In addition, 10 hours of mentoring is provided to each participant by a senior global leader, woman or man, from another organization and culture. In the course of the year, participants are also trained as mentors for CruciBOLD Ripple.