Here's how this workplace is creating 'Balance for Better' for women
With dozens of large-scale studies linking workplace diversity with improved business performance, there should be no doubts about the dire need of bringing more women into the corporate fold.
How women and men bring different perspectives to the workplace and complement each other in overall business processes is making organisations place a greater focus on an inclusive workplace culture.
A common finding of all diversity-related surveys is that an uneven playing field between women and men comes at a significant economic cost as it hampers productivity and weighs on growth. Women in leadership roles, specially, drive greater financial returns as is evident from the data of firms with more gender-equal corporate boards.
The IMF staff calculations also find that closing the gender gap in developing countries with respect to gender equality could increase GDP by an average of 35 percent. McKinsey’s study on gender diversity also suggests that companies with diverse executive teams were 21 per cent more likely to outperform less diverse businesses.
Women constitute about 49% of Pakistan’s population and only 15% are a part of the corporate workforce. But what is stalling women’s greater participation?
Therefore, it is not just the ethical sound of including more women in the corporate culture that makes diversity important; it is the practical business benefits that women bring of being included in the socioeconomic cycle. Yet, companies the world over are struggling to translate their diversity commitments into meaningful progress as per the latest stats. In Pakistan too, women’s corporate workforce participation does not reflect the demographic composition of the country’s labour force and population.
But organisations in Pakistan are putting in greater efforts to add more women to the workplace which translates to positive change in sight with increasing awareness of diversity at work.
Are business forums slowly becoming top contributors of diversity?
The importance of inclusion is also continually highlighted on various Pakistani business forums; the collaboration of Pakistan Business Council (PBC) with International Finance Corporation (IFC) to help improve employment opportunities for women in Pakistan is one instance. Recognised for its efforts towards empowering women at work, Telenor Pakistan won the Employer of Choice Award for Gender Balance in March 2018.
“The reason Telenor Pakistan is one of the top contributors to establishing benchmarks for diversity and inclusion is because of our unique approach to it,” said Lene Gaathaug, Chief Human Resource Officer at Telenor Pakistan. “Becoming one of the best places to work in Pakistan isn’t some accolade that came to us overnight; we had to work hard for it and continue to do so with global best practices in mind,” she added. According to Lene, inclusion and diversity is a continuous process that you work at every day, just as you do on your health and happiness. “The key is to make it a part of your corporate culture and not treat it as a window dressing or buzzword shared on the website and in boardroom conversations.”
A local survey on gender diversity in Pakistan’s business sector tells that many companies have gender diversity as one of their top business goals, however, they face hurdles in attracting female employees.
“When it comes to organisational dynamics, it is crucial for females to have equal opportunities and a level playing field as their male counterparts,” shares Sara Agha from the Commercial Team at Telenor Pakistan. “When seeking employment, women look for a safe working environment, fair and equal treatment from senior management, equal opportunity to grow, support in child care, and flexible work hours to better manage family and job commitments. Telenor is one of the very few companies that offer this much.”