How Maternity Benefit Act will impact women's participation in workforce
At present, women form 27% of the workforce. It is estimated that their participation will increase to 35% by 2025.
By ET Bureau | Updated:
Women’s participation in the workforce is likely to rise and post-maternity attrition may fall, finds out a study by TeamLease.
What is women’s share? Will women’s participation rise? How many women will quit?
56% is the current postmaternity attrition (as perceived by 300 employers surveyed).
40% is the post-maternity attrition likely immediately after the amendment.
33% is the postmaternity attrition likely after the amendment in the medium term of 1-4 years.
How many jobs will be lost?
1-1.2 crore is the potential job loss estimate across all sectors.
1.6-2.6% Is the potential job loss estimate across 10 sectors.
Which sectors will lose jobs? What’s the retention cost?
80-90% (of annual salary) is the post-maternity retention cost of whitecollar employees.
135% (of annual salary) is the post-maternity retention cost of bluecollar employees.
Which states will be affected? Rise in women talent, fall in gender gap index
12-60% Women with higher educational qualifications occupy more professional roles than men.
8% is the potential surge of female talent by 2025 (best-effort scenario with improved gender parity).
87 in 2016 to 108 in 2017 Was India’s rank in the Global Gender Gap Index
Data sources: Center for Monitoring Indian Economy, Labour Participation Hit by Demonetization, July 2017, The Wire, August 2017: Why Indian Workplaces are losing Indian Women, World Bank Statistics on Indian Labourforce, Knowledge Center, June 2017, TeamLease Analysis, 2018. Survey was conducted among 300 employers.
