BusinessWire India
Gurugram (Haryana) [India], October 26: Encore Capital Group's subsidiary Midland Credit Management (MCM) has been named one of the 100 Best Companies for Women in India for the seventh consecutive year. MCM India also earned a spot on the Most Inclusive Companies Index for the fifth consecutive year. The awards are a culmination of two studies - Best Companies for Women in India (BCWI) and Most Inclusive Companies Index (MICI). The studies are conducted by Avtar, India's premier Diversity, Equity & Inclusion (DEI) solutions firm, and Seramount (formerly Working Mother Media, now part of EAB), a strategic professional services firm dedicated to advancing DEI in the workplace.
"Winning year after year tells us that we are consistent in our promise to create one of the most inclusive and collaborative workplaces in India. We are constantly looking for new ways to elevate our DEI journey and we believe in improvising industry-first people practices. For instance, our care leave is available to all genders and for all aspects of their health, be it physical or mental," said Jaison Thomas, Managing Director, MCM India. "Listening to the great ideas our diverse employees bring to the table, and involving them in decision making, is our secret sauce. I dedicate this award to all our people, whose contributions fuel our success story."
Some of the initiatives MCM India has put in place include a diverse holiday calendar, unbiased job descriptions and selection tools, parental leave and flextime for all genders, and the creation of employee resource groups such as Women @ Encore & Allies and Pride Network. This also reflects in its consistently improving performance in the survey these past few years.
Dr Saundarya Rajesh, Founder-President, Avtar Group said, "Gender diversity among the 100 Best Companies continues to increase. The average representation of women (overall) is an inspiring 36.9% this year in 2023 up from 25% in 2016, at the time of the launch of the study. At the Top 10 companies, the average women's representation reported in 2023, is at 41.7%. At this current rate, a 50:50 gender balance at Best Companies will be a reality by 2030 - a much sooner time frame given the post-pandemic repercussions. While we celebrate the progress made, we must also be vigilant of the challenges that persist. Inclusion is an ongoing commitment; constantly innovating, focusing on growth aspirations of diverse talent, and curating a culture of carehood must always be part of leadership priorities, always! Measuring and monitoring success metrics associated with these initiatives, non-negotiable."
"Corporations on the Most Inclusive Companies in India list remain committed to creating inclusive workplace cultures for their employees. We are proud to recognize their progress in measuring the effectiveness of their DEI programs while taking the steps necessary to identify opportunities for growth and improvement," added Subha V. Barry, President, Seramount
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