Corporate leadership ill-prepared to meet the challenges of tomorrow: Study

In India, 80% insist the chief executive officer is critically important when deciding in which companies to invest

According to a Korn Ferry global study, corporate leadership is ill-prepared to meet the challenges of tomorrow. The Self-Disruptive Leader study results show that globally, two thirds (67 per cent) investors say that today’s private-sector leadership is “unfit” for the future. In India, more than two thirds (72 per cent) of investors are of the view that today's private-sector leadership is "unfit" for the future. This is concerning, given the importance of corporate leadership to investors: 

In India, 80 per cent insist the chief executive officer is critically important when deciding in which companies to invest, and 92 per cent cite an exceptional CEO as critical to an organisation’s success in disruptive times. 

The data show that majority of leaders cannot make decisions and take smart actions quickly enough, motivate people effectively, or build trust — all of which is needed to ensure their organisation’s survival into the future. 

The study captures the sentiment of nearly 800 investors and includes a detailed analysis of more than 150,000 leaders.

Gender pay gap
 

According to Monster Salary Index report, the gender pay gap continues to be high in India. The gender pay gap widens with higher skill level; while there is no gender pay gap in semi-skilled work, the gap in earnings is 20 per cent for skilled women. 

Further, the gender pay gap widens with experience and is highest at 15 per cent in favour of men who have 10 plus years of experience. Going through a sectoral analysis of the gender pay gap, wage inequalities in favour of men are reflected in all the relevant sectors. 

For example, Information technology shows 26 per cent pay gap in favour of men. In the manufacturing sector, men earn 24 per cent more than women. Meanwhile, in healthcare, men earn 21 per cent more than women. About 71 per cent men and 66 per cent women feel gender parity needs to be a top priority for their organisations.