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PhonePe has pledged to increase female representation in senior-most leadership roles - Directors and Vice Presidents from 16 per cent to 25 per cent by December 2021.
The homegrown digital payments platform has announced its Diversity & Inclusion (D&I) charter, with the first phase focusing on gender, sexual orientation and people with disability, identifying specific actions in each of these areas.
As part of this, the company has taken on a numerical goal for gender at the senior level.
Apart from this, for the LGBTQ community, PhonePe’s initial focus will be on creating spaces for conversation and awareness. It will also focus on reviewing policies, processes and systems to be more inclusive. The company is also reviewing its current roles, policy framework and infrastructure to enable people with disabilities to be a larger part of the organisation.
“As we build solutions for a billion Indians, it is important for us that the organisation we create truly represents the diversity of our customer base,” Sameer Nigam, Founder & CEO, PhonePe said.
“There are sound rational reasons to do this - there is a strong correlation between diverse organisations and increased shareholder value; as a diverse workspace we will be able to attract from a wider talent pool; and we will be able to encourage deeper, more holistic thinking. But ultimately, being an inclusive organisation is simply the right thing to do. For us, this is not about a metric to track, but about creating a welcoming space for everyone, regardless of who they are,” added Nigam.
Manmeet Sandhu, Head of HR, PhonePe said, “People work best when they have a safe environment to bring all of their capabilities and creativity to the job. Diversity for us will never be only about representation, but about letting people be their true selves without the need to hide any aspect of themselves. How we do this will be a process of ongoing learning - from people’s lived experiences, and from all the work that has gone before. ”
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