Explore Business Standard
Don’t miss the latest developments in business and finance.
There is a growing aspirational shift in the mindset of female representatives in the informal workforce, as a significant percentage of women said they are ready to compromise on higher salaries in lieu of health benefits, according to a survey. As per the survey by business service provider Quess Corp, 63 per cent of women in the Indian informal economy would compromise on salaries for health security benefits, compared to only 28 per cent of men. For the report, 4,179 respondents were surveyed between September 2022 and January 2023. For an increasing proportion of female employees, job security, training and career development are becoming absolute priorities even beyond the contents of their pay slips, it said. "We must acknowledge the value and contribution of women to India's informal formal economy, while simultaneously acknowledging that their requirements have now evolved. "India Inc must invest in training and skill development for better employability of women, helpin