- A new report reveals that women in India’s formal workforce have higher job tenure than men
- This is based on data analyzed from over 47,800 employee data from the EPFO
- Also, about 36% of women exit their jobs within six months compared to men at 44%
Women in India’s formal workforce stay in their jobs 36 percent longer than men, a study said in a report on Wednesday. The study challenges the common view that women employees are a higher retention risk than men.
The study, based on a survey of over 47,800 EPFO records of registered users on the fintech platform SalarySe, focused on salaried professionals in urban India. According to the study, the median job tenure for women was 10.6 months, while it was 7.8 months for men.
However, the study also pointed out that while women in the workforce stayed longer in their jobs than men, they were also less represented in the workforce. For every 13 workers in the Indian workforce, only one was a woman, and she accounted for 7.6 percent of the total EPFO records.
Additionally, the study pointed out that 36 percent of women workers left their jobs within the first six months, while the figure was 44 percent for men.
The analysis also revealed structural gaps, suggesting that while women entering the workforce have a tendency to stay longer, access to opportunities is not equally distributed.
Sector-wise, the highest share of women was found to be employed in the IT sector, which comprised 13.2 per cent of the major sectors, almost double the average.
The education sector had the highest representation of women, with 20.3 per cent of the workforce. On the other hand, the manufacturing and construction sectors remained male-dominated, with women making up only 3.6 per cent and 3.2 percent of the workforce, respectively.
The study found that there was a significant drop-out rate from the workforce by women belonging to the 35- to 45-year-old category, with 19.5 per cent dropping out compared to 12.4 per cent men.
Speaking about the study, Piyush Bagaria, co-founder of SalarySe, said, “The data does not suggest that women are harder to retain. India’s existing financial system is not entirely women-friendly either.”
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