Nearly 24 percent of the workforce in micro, small and medium-sized enterprises is made up of women, which is higher than in other industry segments, according to a survey conducted by personnel and recruiting firm CIEL Human Resources Services on Tuesday.
More than 20 percent of proprietary micro, small and medium-sized enterprises were owned by women, with West Bengal leading at 23.4 percent across the country, the study said.
CIEL HR Services recently conducted the survey ‘Employment trends in MSME sector’.
According to the survey, there is an intense demand for talent in the sales and business development domain with more than 50 percent vacancies in the MSME segment.
The MSME sector has witnessed a 45.5 percent growth in its workforce over the past two years, it said.
“The MSME sector is one of the key sectors for the growth of the economy…it is indeed a positive indication to see the employment growth of MSMEs, various schemes and initiatives of the government giving a major boost to the growth of MSMEs,” company director and CEO Aditya Narayan Mishra said.
“While the female participation rate in the MSME industry has steadily increased, our study has also identified the need for better representation of men and women at the executive level for a better organizational climate and better financial performance,” he said.