24% Higher Women Participation In MSME Sector Than In Others: Study
The micro, small and medium enterprises (MSME) sector, accounting for the generation of largest employment opportunities in India, has recorded a relatively higher rate of women participation in the workforce (24 per cent) compared to other industries, as per the CIEL HR Analysis Study.
The micro, small and medium enterprises (MSME) sector, accounting for the generation of largest employment opportunities in India, has recorded a relatively higher rate of women participation in the workforce (24 per cent) compared to other industries, as per the CIEL HR Analysis Study.
The study, titled Employment Trends in MSME Sector, stated that more than 20 per cent of proprietary MSMEs are owned by women. West Bengal leads at 23.4 per cent, followed by Tamil Nadu at 10.4 per cent. The study also revealed that the women’s involvement at the leadership level is only at 10 per cent. Over the past two years, the MSME sector witnessed 45.5 per cent growth in employee headcount.
“Furthermore, attrition is less of a challenge for the core traditional manufacturing sector having 3.6 years of median tenure, when compared to that of Environment/ Renewables and ITES (new age companies) sectors in MSME having 2.9 years and 2.5 years median tenure respectively. Due to the lack of skilled manpower and hesitance to adopt technology, only 7 per cent of the employees work in the IT field,” the report suggests. The survey also showed the intense demand for talent in the sales and business development domain with more than 50 per cent of job postings.
