female talent in emerging markeet
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Transcript of female talent in emerging markeet
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Women in developing countries face unique challenges. This presents a major problem for
multinational companies whose growth are depended on emerging markets in developing
countries.Where, despite the huge labour forces available in developing (or BRIC) countries, but still
lack in best educated and prepared managers in the market, which increasingly means women.
To meet the talent shortage in emerging markets, multinationals often send managers overseas(not a sustainable solution) or compete with local companies. They need to develop the best-
educated and best-prepared managers in those markets.
But in developing countries women are mostly educated and also ambitious most percentage of
women are enrolled into education, and also good commitment over t heir work, they are willing to
go the extra mile for their company. The motivation factors like job security and compensation will
certainly improve their commitment.
Problems
Unfortunately, female talent is underleveraged in emerging markets. Part o the reason is that family-
related pushes conspire to forces women to either settle for dead end jobs or leave the work force.
In most of the developing countries woman faces many disadvantage likes,
Low status of women. Women are regularly denied equal; opportunity, equal compensation and
recognition. Family and community based restrictions. The low representation of women in
managerial position persists despite educational advancements.
Next main reason is traditional female roles
Women in emerging markets also often face fewer support systems from government and
employers, such as healthcare and maternity leave. Societal norms also have prevented the
development of private support services6. For example, it is often assumed that childcare will be
managed by the mother or her immediate family. As a result, daycares centres usually are lesscommonly available, and may not exist at different price points.
Similarly, society often pressures or restricts women from pursuing education in particular fields or
employment in certain industries. This is illustrated by the fact that in emerging and developing
markets, womens employment is highly concentrated in the agriculture and service sectors. Globally
46 percent and 35 percent of women are employed in the service and agricultural sectors.
Conversely, only 18 percent of women are employed in industry.
Lack of government regulation
Some emerging-economy governments have established legal regulations to protect women in the
workforce that are comparable to those present in developed nations. The regulatory framework
may include provisions for equal pay for equal work, non-discrimination, maternity leave,punishment for sexual harassment, and childcare subsidies or provision. The first challenge is that
these laws may be tied to specific contexts or industries. For example, childcare provision laws in
India are explicitly tied to the size of the organization (e.g. more than 500 workers) in order to target
labour-intensive industries where female workers dominate, such as garment manufacturing and call
centres. This leaves women who work for smaller offices or companies without legal protection,
even though they may share the same needs for assistance.
Safety Concerns. While safety is an issue that affects women globally, women in emerging markets
often face a higher risk of violence. For example, a World Health Organization study in Bangladesh,
Brazil, Ethiopia, Japan, Peru, Namibia, Samoa, Serbia and Montenegro, Thailand, and the United
Republic of Tanzania, found that between 15 percent and 71 percent of female respondentsreported physical or sexual violence by a husband or partner8. Compounding this problem are the
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facts that formal counselling systems or adequate grievance mechanisms may be limited. Within this
context, harassment within the workplace is a risk that should be examined, especially for women in
lower-wage positions.
How to attract and keep talented women
The opportunity has never been greater for multinationals to attract and retain top talent in
emerging economies. For some its an imperative. Forward-thinking companies can do several
things to maximize the opportunity.
Find talent early. With so many women earning advanced degrees throughout the developing
world, the best place to start looking for talent is the universities. Smart companies adopt a
creative and targeted approach, differentiating their brand as employers of choice for talented
women.
Industry example: The Google India Women in Engineering Award was launched to celebrate
women pursuing engineering and computer sciences careers in college or graduate school.
Help them build networks. Networking and relationship building, essential to strengthening
engagement and commitment, help women develop the ties, visibility, and organizational know-
how essential to professional success. Smart companies are using networks to help women gain
visibility as well as achieve their business goals.
Industry Example: General Electric is piloting a talent-spotting and mentoring program in theUAE. Its goal is to help women connect with one another across levels and functions in the
company, recognizing how critical relationships are to career success. Participants are sorted
into pods of 10 to 12 members each and assigned a coach, typically a rising female star on the
verge of becoming a leader; they determine their own agendas.
Similarly, Women at Intel Network (WIN) in China, host monthly meetings whereby visiting senior
women offer key advice to their Chinese counterparts. For instance, a session on leadership
skills and career development in challenging times encouraged women to take on stretch
assignments or cross-train with coworkers.
Give them international exposure. Women are more likely to break through the glass ceiling in
multinational companies that make sure they are posted overseas for short periods. However, in
emerging markets these assignments work best when companies can provide flexibility and
support to lighten the burden on spouses and families.
Industry Example: The German pharmaceutical giant Boehringer Ingelheim has a short-term
assignment program that enables less-mobile employees to gain international exposure. Its
assignments offered around the globe last three to six months and provide development
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opportunities for high-potential directors and managers. Boehringer Ingelheim supplies housing
and transportation in the host country, along with support for family members, including child-
care, elder care, paid monthly visits for spouses, or opportunities for family members to come
along for the entire stay.
Build communities outside the company. Maximizing opportunities within the company produces
great results for professional women, but its also important to help them build ties to their clients,
customers, and communities in emerging markets. These external networks serve two purposes:
One is to establish a broader support system for women. The other is to strengthen the
relationships that help them achieve business results.
References
1,http://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-
2011/2,
http://www.bsr.org/reports/BSR_Women_and_Sustainability_Employing_Women_Responsibly.pdf
http://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-2011/http://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-2011/http://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-2011/http://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-2011/http://www.bsr.org/reports/BSR_Women_and_Sustainability_Employing_Women_Responsibly.pdfhttp://www.bsr.org/reports/BSR_Women_and_Sustainability_Employing_Women_Responsibly.pdfhttp://www.bsr.org/reports/BSR_Women_and_Sustainability_Employing_Women_Responsibly.pdfhttp://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-2011/http://xageconsulting.com/index.php/2011/01/how-to-attract-and-keep-talented-women-jan-2011/