WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 21, 2024
Socio-Economic Factors and Women’s Empowerment: The Mediation Role of Training/Skill Development
Authors: ,
Abstract: The Saudi Vision 2030 has a view that women’s participation in the workforce not only helps to shift the prevailing attitudes and economic structures within a region but also significantly impacts the economic well-being of their families. Women can supplement their family’s income by earning a wage, leading to an improved standard of living and better overall health outcomes. Therefore, this study tries to find the relationship between socio-economic factors and women’s empowerment and investigate the mediating role of training/skill development between socio-economics factors and women’s empowerment among Saudi women. This study collected the data with authentic and well-developed questionnaires from renowned areas of Saudi Arabia. The sample size for the analysis consisted of 327 participants and used Smart PLS for data analysis. The results of this study found that socio-economic factors have no significant direct impact on women’s empowerment. In contrast, socio-economic factors positively impact training/skill development as well as training/skill development impacts women’s empowerment. Therefore, training/skill development mediates the relationship between socio-economic factors and women’s empowerment. This study found that the women participating are essential for the development of overall society. The study revealed the crucial role played by women in contributing to the household economy, as reflected by the income generated by them is comparable to that of male workers. This can be attributed to the significant drive exhibited by housewives to assist their husbands in easing the financial burden, along with the favorable opportunities presented by natural resources. The training/skill development program positively and significantly enhances the chances of women’s empowerment in Saudi Arabia.
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Keywords: Socio-economic factors, training/skill development, women’s empowerment, Smart PLS, Vision 2030, Saudi Arabia
Pages: 192-201
DOI: 10.37394/23207.2024.21.17