More Indian Working Women Are Suffering From Job Uncertainties In The Pandemic

More Indian Working Women Are Suffering From Job Uncertainties In The Pandemic

The pandemic has affected everyone globally – be it in terms of mental health, social life or financially. Many people lost their sources of income; many had to take pay-cuts. Many people remain stuck in jobs that exploit them just because of lack of options. When the situation looked a little relaxed early this year, we were hopeful that companies will recover from the financial loss they faced and the job market would be better. However, the second wave came shredding that optimism for more working women than men.

According to LinkedIn’s Workforce Confidence Index, the second wave of pandemic has left Indian working women feeling anxious over job uncertainties. “The plight of India’s working women has worsened after the second COVID-19 wave, as the individual confidence index (ICI) scores of female professionals fell from +57 in March to +49 in early June ー a 4x decline compared to working men (+58 in March to +56 in June),” LinkedIn’s Workforce Confidence Index said.

 

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“Decoding India’s evident ‘shecession’, findings show that India’s working women are ~2x more likely to be worried about the availability of jobs, their professional network, and time devoted to job seeking, than working men today. This uneven impact has also bruised the financial stability of working women as 1 in 4 (23%) female professionals are concerned about growing expenses or debt, in contrast with just 1 in 10 (13%) working men,” it further explained.

While the workforce confidence declined considerable after March, it is the working women, especially professionals in the creative industry that are feeling the pinch. The survey revealed that they feel uncertain of their employers’ future.

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Working women in India are anyway underrepresented, and earn way less than their male counterparts. The gender-based pay gap is very evident as is the bias women have to experience when it comes to promotions and appraisals. Most leadership positions are occupied by men as women still struggle to shatter glass ceilings in India. With the pandemic, more women than men lost jobs and that is obviously making us anxious as we don’t know how we will manage our finances with uncertainties in the job market.

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Akanksha Narang

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