UN REPORT – What does it say?
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Karma Management Global Consulting Solutions Pvt. Ltd. one of the top 5 consultancy firms, was established in the year 2004, with headquarters in the business district of Santacruz East, Mumbai, India, and full-scale operation in all the States, having about 200 direct and indirect staff on its roll, is a leading service provider for payroll and payroll compliance, outsourcing, facility services, HR services, Training & Development, Recruitment & Talent Acquisition, Legal and Para legal services, Disputes and Litigation Handling, Inspection Management and Liaising, Advisory Services, Social, Environment and Vendor Audits, Regulatory Compliance, and Governance.
Karma Global over the past few months has become the cynosure of all eyes, in the sense that the galore of awards showered on Karma Global for its achievements in various fields, is unbelievable and overwhelming.
Compliance with labour and employment laws has become one of the most important issues that many establishments in India have to deal with. Many employment disputes result in litigation and take a prolonged time for effective conclusions. Karma Global is an Indian HR, Payroll, and Compliance Firm advising clients worldwide on local, regional, and global regulatory compliance in relation to their business goals, business strategies, and resolving disputes.
It gives valuable suggestions and advice to Corporate, Investors, Institutions, Contractors, Establishments, Industries etc. on the need for lowering employment risk across all levels and adhering to the laws of the land. It has a lot of expertise on employment-related compliance issues, as well as day-to-day support for Human Resource Services with in-house Counsels.
Karma Global is also into employment agreements and policies, structuring of compensation and benefits, employment aspects of merger and takeover, etc.
Karma Global’s force, strength, and reach have brought in tremendous change over from its earlier image of being a consultancy firm in the period of 2000 to now embarking on setting strategies and practices abroad in highly regulated markets and competing in the global arena.
With India overtaking the UK to emerge as the fifth largest economy in the world and setting to become the third largest by 2029, Karma Global is poised for long-term value in terms of client outreach and giving state-of-the-art technology and excellent services to global clients better than ever before.
U N REPORT – what does it say?
- “The new data shows that women still have a much harder time finding a job than men.”
- According to new ILO data, 15 percent of working-age women globally would like to work but do not have a job, compared to 10.5 percent of men.
- “This gender gap has remained almost unchanged for two decades,” it said.
- It pointed out that personal and family responsibilities, including unpaid care work, disproportionately affect women.
- The UN labour organization found that the jobs gap was particularly severe in low-income countries, where nearly a quarter of women was unable to find a job.
- For men, the corresponding rate was below 17 percent, ILO said.
- Access to employment is not the only problem.
- ILO highlighted that women tend to be overrepresented in certain types of vulnerable jobs, including helping out in relatives’ businesses rather than being in own-account work.
- “This vulnerability, together with lower employment rates, takes a toll on women’s earnings,” ILO said.
- “Globally, for each dollar of labour income men earn, women earned only 51 cents.”
- The pay gap meanwhile varies widely between regions, with the figure dropping to 33 cents in low-income countries, but reaching 58 cents in high-income countries.
- “This striking disparity in earnings is driven by both women’s lower employment level, as well as their lower average earnings when they are employed, ILO said
Let us look at the global gap:
As per the 2022 update, the current global labour force participation rate for women is just under 47%. For men, it’s 72%. That’s a difference of 25 percentage points, with some regions facing a gap of more than 50 percentage points.
Women hardest hit:
Meanwhile, women have been among the worst affected by the COVID-19 pandemic, including in terms of income security, representation in sectors hardest hit, and gendered division of family responsibilities.
This, in turn, has led negatively impacted their employment and threatened to reverse decades of progress made toward gender equality.
As countries emerge from the pandemic, taking action to address gender equality setbacks is not only relevant and timely but also critical for an inclusive, sustainable, and resilient recovery.
Closing the gap
Governments, employers, and worker’s organizations recognize that closing gender pay gaps is more important than ever.
Over the past few years, increasingly more governments are proposing transparency measures and information sharing to address gender wage gaps.
According to recent research, depending on how they are put into place, pay transparency measures can effectively identify compensation differences and reduce broader gender inequalities in the labour market.
“These are still early days for pay transparency,” said Manuela Tomei, Director of the ILO Conditions of Work and Equality Department, noting that countries are pursuing different approaches to advance it.
She pointed out that “there is no ‘one-size fits all’ solution”.
“While more time is needed to assess the effectiveness of the different measures and practices, it is encouraging that Governments, workers’ and employers’ organizations seek to devise innovative solutions, such as pay transparency, to tackle a stubborn problem”.
More Women Work in Health and Care but they earn 24 percent less than men: U.N. Report.
Women working in the health and care sector earn nearly 25 percent less than their male counterparts – a larger gender pay gap than in other economic sectors, two UN agencies said in a new report
Let us look briefly at some of the issues:
Poverty and Hunger
- Gender inequality is a major cause and effect of hunger and poverty: it is estimated that 60 percent of chronically hungry people are women and girls. (Source: WFP Gender Policy and Strategy.)
- On average, women make up about 43 percent of the agricultural labour force in developing countries. Evidence indicates that if these women had the same access to productive resources as men, they could increase yields on their farms by 20 to 30 percent, raising total agricultural output in these countries by 2.5 to 4 percent. This would reduce the number of hungry people in the world by around 12 to 17 percent.
- Women make up more than two-thirds of the world’s 796 million illiterate people.
- According to global statistics, just 39 percent of rural girls attend secondary school. This is far fewer than rural boys (45 percent), urban girls (59 percent) and urban boys (60 percent).
- While progress has been made in reducing the gender gap in urban primary school enrolment, data from 42 countries shows that rural girls are twice as likely as urban girls to be out of school.
- Data from 68 countries indicates that a woman’s education is a key factor in determining a child’s survival.
- Children of mothers with no education in the Latin American and Caribbean region are 3.1 times more likely to die than those with mothers who have secondary or tertiary education, and 1.6 more likely to die than those whose mothers have primary-level education.
- In most countries, women in rural areas who work for wages are more likely than men to hold seasonal, part-time and low-wage jobs. Women also receive lower wages for the same work.
- Men’s average wages are higher than women’s in both rural and urban areas. Rural women typically work longer hours than men, due to additional reproductive, domestic and care responsibilities.
- A large gender gap remains in women’s access to decision-making and leadership.
- Women make up fewer elected representatives in most rural councils. In Asia, this ranges between 1.6 percent in Sri Lanka and 31 percent in Pakistan.
- Women’s participation as chairs or heads in rural councils is also much lower than men’s, as seen in Bangladesh (0.2 percent) and Cambodia (7 percent).
- Educated women are more likely to have greater decision-making power within their households.
- Only one-third of rural women receive prenatal care compared to 50 percent in developing regions as a whole.
Violence against Women
- More rural women experience domestic violence, and yet few seek services, according to a multi-country study by the World Health Organization (WHO).
HIV and AIDS, Malaria and Other Diseases
- Rural women understand less about how HIV spreads compared to urban women; WHO figures from 25 countries indicate the margins of understanding between the two to be between 20 and 50 percent.
- HIV exacerbates property insecurity, especially for widows whose husbands have died from AIDS-related causes, but who may not have right to inherit or own their land.
- The burden of care is also carried by women. Women and girls account for 66 to 90 percent of all AIDS caregivers; conditions are most difficult for women and girls in rural areas, and this can increase their own vulnerability to infection.
- There is still far less access to clean or improved water sources in rural areas than in urban areas.
- Environmental degradation has an impact on natural resources and can affect rural women differently from men. For example, since rural women tend to have fewer occupational options and less mobility than men, many rely on natural resources from forests.
- Natural disasters, climate change, and conflict can undermine the health, education, and livelihoods of rural women, differently to men. For example, although women usually manage the small plots of agricultural land in each family for income or sustenance in developing countries, land titles are most likely to be held by men. This means that following a disaster, many women cannot independently claim state-offered reconstruction funds. Women can also be more at risk of harm during flooding in countries where boys are taught to swim at an early age, but girls rarely are.
- Evidence from 25 developed and developing countries indicates that countries with higher female parliamentary representation are more likely to set aside protected land areas.
CONCLUSION – SURPRISING FACTS
- Women are concentrated in lower-paid, lower-skill work.
- For every dollar men earn, women earn 77 cents.
- Women are under-represented in decision-making roles.
- Women carry out at least 2.5 times more unpaid work than men.
- At the current rate, it will take 257 years to close the global gender pay gap.
Karma Global is a fully homegrown successful Outsourcing and Labour Laws Organization, operating both with contract employees as well as with permanent types of employees who are placed in numerous locations of global and domestic clients.
Karma Global has traditionally been a dynamic Regulatory Compliance driven organization with an integrated and upto-the mark approach to HR Services.
Karma Global has always set its sights on keeping a tab and interpreting the regulatory changes in the manner required by authorities with a focus on the implementation of these new rules coupled with the adeptness to sophisticated technology, which has placed them in the top 5 consulting organizations today as far as HR Service Organization is concerned.
Karma Global’s experts sitting in various offices and catering to over 500 clients are fully intertwined with the workflow and processes that are leading most of its clients to convert their value drivers into the transformation of their businesses and objectives for effective results.
Karma Global’s technology securely integrates regulatory compliance across all types of businesses from trading to operations to investor services to financials and banks while also providing the clients access to these technologies with the power to control process operations with a dashboard and ready updates on the workflows done monthly and timely as per stipulated dates set by the authorities.
The greatest satisfaction comes from the outflow of communication to clients for future reviews and analysis of the monthly work done with data visualization tools that surface their activities done by the professional teams of Karma Global in its Corporate Headquarters in Mumbai and Branch Offices in Bangalore, Tamil Nadu, Gurgaon, Gujarat, Pune, etc.
Proprietary blog of Karma Global Tech Management LLC
This blog has been collated and compiled by the internal staff of Karma Global with the knowledge and expertise that they possess, besides adaptation, illustration, derivation, transformation, collection, and auto-generation from syndicated feed and from various other sources, for its monthly newsletter Issue 10 of April 2023 and in case of specific or general information or compliance updates for that matter, kindly reach out to the Marketing Team – Kush@karmamgmt.com / email@example.com