India’s White-Collar Job Market Experiences Highest Growth in Two Years

Office High Growth

India’s White-Collar Job Market Experiences Highest Growth in Two Years

India’s white-collar job sector has experienced a significant surge in growth, with an 18% month-on-month increase in July, the highest in two years, according to data from LinkedIn and leading company job boards. The number of available positions rose to 272,000 in July, compared to 230,000 in June, as reported by specialist staffing firm, Xpheno.

Both tech and non-tech companies reported an increase in vacancies in July. However, the non-tech sector continued to dominate the white-collar job market for the tenth consecutive month, contributing 62% to the total openings with a 10% month-on-month volume growth.

Strong domestic economic indicators such as a rise in manufacturing PMI, a decrease in WPI inflation rate, a revival in consumption, and an increase in capital expenditure have contributed to the positive hiring sentiment in the non-tech sector. This includes retail, fast-moving consumer goods, infrastructure, banking financial services and insurance, manufacturing, automobile and electric vehicles, hospitality, among others.

“Urban demand-led sectors will see a lot of traction in the next 6-8 months with a revival in consumption,” said Sachchidanand Shukla, group chief economist at Larsen & Toubro. He also predicted a front-loaded hiring trend leading up to October-November, followed by a potential lull due to the forthcoming electoral schedule.

However, Madan Sabnavis, chief economist at Bank of Baroda, expects only a limited increase in white-collar jobs in the second half of the year. He believes that lateral hiring will continue, especially in sectors like BFSI where attrition rates are high.

Despite this overall growth, the IT sector showed a 40% decrease compared to the same period last year. Although there was a marginal increase in demand for manpower in product companies and a significant rise in demand from global captives and early-stage startups, companies remain cautious due to global uncertainties.

The IT services sector’s talent demand also grew by 27% month-on-month. However, this is still 33% lower than the same period last year. “Key talent sectors have been slow on hiring for nearly a year now and staying low any longer will affect the tech talent supply chain,” said Anil Ethanur, co-founder of Xpheno.

The rise of remote work has also increased the demand for ergonomic furniture like electric height adjustable standing desks and sit stand desks. These products not only provide health benefits but also improve productivity by allowing employees to switch between sitting and standing positions. As India’s white-collar job market continues to grow, it’s expected that the demand for such products will also increase.

In conclusion, while India’s white-collar job market shows promising growth, particularly in non-tech sectors, the IT sector is still recovering from global headwinds. The rise of remote work has also led to an increased demand for products that promote healthy and productive work environments. The coming months will be crucial in determining whether these growth trends continue.

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Guy Director
Higher Diploma in Mechanical Engineering. Ergomotion Director since 2005.

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Ergomotion

Google Reviews

Andrew Pieterse 14/06/24

Google
Great service and really quick shipping. It is great to know that you are getting quality parts from a Scandinavian manufacturer with your standing desk purchase rather than the cheap knock off stuff you get from other major brands. Reasonably priced for the quality too!

Janette Clarke 20/05/24

Google
Guy was very accommodating with meeting him at a time that suited me. He assembled the desk prior to me collecting so I only had to carry it inside with help (it's pretty heavy). The desk is great, the storage racks underneath with the 6 x built in powerpoints was worth the extra money. I have a functioning & tidy workplace.
Guy was brilliant, I highly recommend.
Janette

Nickel 10/05/24

Google
Have now purchased 2 stand up office desks off Guy, benchmark sales service from him, all via email, so easy; from quote to plug in, only matched by the strong quality of these machines, solid and stable. If only everything in life was this easy and reliable.

Jennifer Fadriquela 23/03/24

Google
I purchased an EDesk this month from Ergomotion, and it was a remarkably smooth transaction. Guy was eager to answer all my questions before my purchase. As a first-time buyer of a standing desk, I truly appreciated how he addressed my queries with thorough details and provided options within my budget.

The delivery process was also smooth, despite a slight delay in the ETA. Guy ensured I received all necessary updates from the courier/removalist.

I've been using the desk for a couple of weeks now and I'm satisfied with it. It's sturdy on all height adjustments and the motor works as expected. I also like oak finish because it's clean-looking and suits my room setup.

Overall, I'm happy with my purchase and I'll definitely recommend Ergomotion to someone looking for their desk needs.

Josh Oliver 04/02/24

Google
I've had an ergomotion desk for 10 years. It's still as good today as it was brand new. Over the years Guy has always responded promptly to any guidance I've needed (mostly help putting the desk back together after removalists take it apart).

Michael Cheung 18/01/24

Google
Great service from Guy and the team at Ergomotion! Helped with all my queries and was able to source a standing desk part for me when many others weren't able! Highly recommend!

Shao Lei 30/11/23

Google
Decent desk and awesome service. Highly recommend

Rod Hathway 10/11/23

Google
Awesome experience. Great value, super customer experience, ordered, assembled and picked up in 24 hours!

Dom K 06/11/23

Google
Skip the big name brands and buy from Guy instead, 10/10 linak parts with a very well built tabletop.

Chris Wu 06/11/23

Google
I purchased the edesk from Guy at Ergomotion. Guy was a pleasure to deal with and the desk arrived the next day. Guy was highly knowledgeable on the desk and provided very prompt support on the installation. I can highly recommend Ergomotion.
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