5 Ways Mentorship Can Enable Women's Economic Empowerment

In the ongoing pursuit of gender equity, it is crucial to recognise the vital role played by organisations in fostering empowerment for women. The journey towards equity is multifaceted, requiring collaborative efforts, strategic initiatives, and a commitment to dismantling barriers that hinder progress.

5 Ways Mentorship Can Enable Women's Economic Empowerment 

Programs

One of the main pillars for the empowerment of women is mentorship programs. These initiatives provide a platform for experienced professionals to guide and support their counterparts, helping them navigate the complexities of their respective industries. Mentorship not only imparts valuable skills but also fosters a sense of belonging and confidence. By connecting women with seasoned mentors, professional communities contribute significantly to levelling the playing field and bridging the gender gap.

Networking

Networking events play a pivotal role in breaking down the walls that often impede women's progress in the professional world. These gatherings create opportunities for women to connect with like-minded individuals, share experiences, and cultivate an environment that empowers personal and professional development. Workspaces that organise and facilitate such events contribute to an environment where women can thrive. By fostering a sense of community, these open doors to collaboration, mentorship, and career advancement.

Access to resources

Economic empowerment is also reliant on access to resources, and both government and non-government organisations have taken huge strides to ensure that women have equitable access. By establishing channels for resource accessibility, such as training, education, and skill development, communities that orchestrate learning circles or employee-led resource groups within organisations are beginning to play a role in nudging women to enhance their financial knowledge and understanding of personal finance. Bridging this knowledge gap is a critical step as it equips women with the tools they need to secure their future and become financially self-reliant.

Education and policy advocacy

Through education and policy advocacy, organisations can contribute to creating environments where all individuals, regardless of gender, can thrive. Commitment to a culture that nurtures professional development by ensuring women have equal career growth opportunities, skill enhancement, and a real shot at being considered for leadership roles, drives real inclusion and role modelling of women leaders.

Leadership

As we collectively work towards a more equitable future, it is essential to recognise the pivotal role that leaders play in shaping a workforce where equity is not just an ideal but a reality. It is essential to ensure that employees from underrepresented groups have disproportionate access to opportunities for personal and professional growth. This openness to diversity not only supports a diversity of talent within the organisations but opens up access to varied and diverse customer groups and contributes to increased innovation. 

Authored by Priti Shetty, Chief People and Culture Officer, WeWork India