WEF Survey 'Future Of Work In India': Details, Features, Highlights

WEF Survey 'Future Of Work In India': Details, Features, Highlights

The World Economic Forum (WEF) has recently conducted a survey of 770 companies titled as 'Future Of Work In India'. Its survey included several sectors such as textiles, banking & financial services, transport & logistics, and retail.

As per the WEF report, a Major gender gap in Indian corporates: Four out of five retail firms hire less than 10% women. Companies in India experiencing the highest growth prefer hiring men and technology-led job growth benefits men more than women.

India’s female workforce participation is a mere 27% and stands 23% points lower than the global average. Jobs in India are experiencing the highest growth and companies are hiring women at only 26%. Women in India are entering the workforce at a slower rate than current female workforce participation.

More than 33% of the total companies said that they prefer to hire men, as compared to just over one-tenth that said that they are looking to hire more women going forward.

About World Economic Forum (WEF)

The World Economic Forum (WEF) is the International Organization for Public-Private Cooperation.

The WEF engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.

The WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.

The WEF strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.