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LATEST NEWS UPDATES | Women hiring to dip over maternity leave; may cause 1.2cr job loss in FY19 -Namrata Singh

Women hiring to dip over maternity leave; may cause 1.2cr job loss in FY19 -Namrata Singh

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published Published on Jun 26, 2018   modified Modified on Jun 26, 2018
-The Times of India

MUMBAI: A year ago, when the Maternity Benefit (Amendment) Act came into force, it was considered a landmark reform that positioned India among the top progressive nations, enabling women to stay in the workforce after childbirth.

The well-intentioned amendment entitles working women to a 26-week paid leave, up from the earlier 12 weeks, something that progressive companies were already offering. With India’s women workforce participation rate dwindling from about 37% in 2005 to 27% in 2013, the Act is aimed at bringing women back into employment to boost the country’s income. However, for some of the companies, cost implications are now turning out to be greater than the intention of pursuing an inclusive policy.

In the midst of several divergent voices on the Act, a study by TeamLease presents stark statistics that provide a rather grim view on women’s hiring in the short term after the Act. While in the long term, women’s workforce participation rate may get a fillip, the TeamLease report shared exclusively with TOI has estimated a net job loss of 11-18 lakh women for the fiscal year (FY) 2018-19. This is over and above the average annual attrition rate of women employees in the workforce.

The study was conducted among 300 employers across 10 key sectors — aviation, BPO/ITeS, real estate, education, e-commerce, BFSI, IT, manufacturing, retail and tourism. TeamLease Services co-founder and executive VP Rituparna Chakraborty said, “Historical data shows that the Indian workforce has been losing women workers at the rate of 28 lakh per year for seven years from 2004-05 to 2011-12. The net job loss (11-18 lakh for 10 sectors for FY19) over and above this number is attributable solely to the Amended Maternity Act.”

Chakraborty said if the job loss, attributable to the Amended Maternity Act, is estimated for all the sectors in the country, the number would go up substantially to an estimated 1-1.2 crore. “Our mission at TeamLease is to put India to work. The endeavour is unfulfilled if half the population of India is at a disadvantage in the talent market,” she said.

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The Times of India, 26 June, 2018, https://timesofindia.indiatimes.com/business/india-business/women-hiring-to-dip-over-maternity-leave-may-cause-1-2cr-job-loss-in-fy19-as-some-cos-find-paying-for-26-


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