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.
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.
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.