DEIB hiring slowing down after reality started to show up....

Less than 5% of annual attrition rate for women from the cited Indian IT firms is a great sign. But do we know

1.How many of these 25K women who left these Indian IT services firms (between Mar '23 and Mar '24) went to the Foreign IT services companies as mentioned?
2. While 34% may not look as great as Accenture's 48% as Gender Diversity (Not including third gender or others from LGBTQIA+?)
3. Do we have data from supply side ratios: Like, what percentage of women vs men apply for each role or in general for all roles at TCS vs Accenture?
What if I told you, it is 1:3 for each role at application levels! Now, how would you feel about these 25% women getting 34 or 48% or all open/existing roles.
4. Why the rate of Gender Balancing to boost women participation/representation at work gone nearly 45% lower (1.56 to 0.9) between two phases (2015-2020 and 2020-2024)?
Is it supply side problem?
Is it slowing down of the DEIB activism?
Is it performance issue?
Google it! I have done my part of the investigation
Xpheno ANSR Zinnov Wizmatic Consulting Visara Partners

Insights from Xpheno covered in an article by Rica Bhattacharyya in today’s TheEconomic Times
Xpheno has been observing diversity trends in India’s leading IT companies over the past 6 years. There are significant points of note.
- Leading Indian IT companies (Infosys, TCS, Wipro, LTI Mindtree, HCL Tech) saw a net exit of 25,000 women employees in the last year.
- Despite the net exit, the number of women employed by these companies grew from 3.74 lakh in March 2020 to 5.4 lakh in March 2023, only drop to 5.15 lakh in March 2024. This net increase is due to overall hiring and not targeted improvement of their diversity ratio.
- The diversity ratio of these companies in fact grew only 0.9 percentage points between 2020 and 2024, compared to a stronger growth of 1.56 percentage points between 2018 and 2020.
- The average diversity ratio of this cohort is 34.26% (JFM2024), down from 34.32% (JFM2023).
- Global IT firms like Accenture (48%), Capgemini (38.8%), Cognizant (40%), and Genpact (42%) have significantly higher diversity ratios than Indian companies.
Is it time to go back to the drawing board and regroup to address this stagnating diversity ratio?

XphenoInsights GenderDiversity PeopleEffectChange

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