MSME | Women Workforce: Women’s participation in MSME sector at 24%, higher than other industries: Study

BENGALURU: The micro, small and medium enterprises (MSME) sector has a relatively higher rate of women participation in the workforce (24%) compared to other industries, the findings of CIEL HR Analysis Study has revealed.

The study titled – Employment trends in MSME Sector, conducted by staffing and recruitment firm CIEL HR Services stated that more than 20% of proprietary MSMEs are owned by women, with West Bengal leading at 23.4% followed by 10.4% in Tamil Nadu. While women’s participation is high in this sector, the study also revealed that their involvement at the leadership level is only 10%.

Over the past two years, the MSME sector has witnessed a 45.5% 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. The report suggests that due to the lack of skilled manpower and hesitance to adopt technology, only 7% of the employees work in the IT field.

Aditya Narayan Mishra, Managing Director and CEO, CIEL HR Services, said in a statement: “The MSME sector is one of the significant sectors for the growth of our economy with their ~30% contribution to the GDP. Various schemes and initiatives by the Government of India give a major boost to the growth of MSMEs with a laser-sharp focus on upskilling and reskilling of employees. While there has been a steady increase in the women’s participation rate in the MSME industry, our study has also revealed the need for better gender representation at an executive level for improved organisational climate and better financial performance.”

The survey also revealed that engineering, operations and sales/business development are the major business functions in the MSME sector. There is intense demand for talent in the sales and business development domain with more than 50% of job postings. The finance function also accounts for 17% of the job postings.

ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Watch Now.

Source link

Spread the word!

Leave a Comment

Your email address will not be published. Required fields are marked *