Start-ups, SMEs Show Higher Female Workforce Participation: Report 

Herkey, a career community for women, announced the launch of its 6th edition of the DivHERsity Benchmarking Report 2023–2024. The DivHERsity Benchmarking Report is an industry-standard report on women’s representation and diversity in corporate India. The report provides a compilation of data collected from more than 300 companies across India between January 2023 and January 2024. The DivHERsity Survey revealed that women constitute 34 per cent of the workforce in the surveyed companies. This figure improves slightly to 36 per cent in startups and SMEs, underscoring the importance of inclusive recruitment practices. Notably, large enterprises lead with a 38 per cent participation rate at the entry level. The share of women at mid-management and senior levels drops significantly to 19 per cent, highlighting a “broken rung” in the corporate ladder needing urgent attention, reads the report. The C-suite female hiring rate has also fallen to 24 per cent from 37 per cent in 2022, emphasizing the need for robust interventions to support women’s progression to leadership roles. Read: IPEF Forum Meet: Indian Firms, Start-Ups to Pitch Concepts on Energy Transition

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