Business & Finance
Brought to you by: Monaco Life
New figures released by statistics group IMSEE have revealed where women are placed in the business world of Monaco, and the results are less than surprising.
At the end of 2018, women represented 27.9% of all registered members of the Trade and Industry Directory. The number of females with a SARL business entity equated to 30%, while 21.4% of all Monegasque limited companies (SAM) were registered by females.
The latest figures do not differ significantly from the previous year.
In total, there were 56,303 employees in Monaco at the end of 2018, and 40.2% of these were women, the majority of whom worked in the private sector.
There are slightly more women employed in the Principality’s public sphere, at 42.6%.
Not surprisingly, some sectors remain female-dominated, including administration, education, health and social action, where the participation rate is more than 70%. Meanwhile, women make up 60% of employees in household, artistic and recreation-related positions.
Working women in Monaco tend to be closer to their place of employment: 47.1% live in Monaco or in neighboring municipalities, compared to 36.1% of men.
Monaco’s private sector saw a 2.9% rise last year in workers holding full time contracts over the year before.
SBM has closed all of its hotels in Monaco except the Hôtel de Paris and the Monte-Carlo Bay Hotel & Resort, accommodating long-term guests and those who are unable to return home.
Monaco’s Minister of State Serge Telle has revealed that a €1,000 bonus will be paid to all public service officials and agents who have been fully mobilised during the coronavirus crisis.
Companies in the Principality who wish to apply for Reinforced Total Temporary Unemployment (CTTR) for their employees can now carry out the procedures online.