White-Collar Hiring Declines, Real Estate and Energy Sectors Thrive in India

White Collar Hiring

White-Collar Hiring Declines, Real Estate and Energy Sectors Thrive in India

In a recent study conducted by Naukri Jobspeak, it was revealed that there has been a noticeable decrease in the hiring of white-collar professionals in India in June 2023. The data indicated a 3% drop in such recruitment to 2,795 in June 2023, as compared to the same month the previous year. Additionally, a 2% decline was observed when compared to May 2023.

The report also spotlighted the IT industry, indicating a significant downturn in job creation within the sector. When compared to June 2022, the industry experienced a 31% reduction in new job creation. This trend was observed across all categories of IT companies, encompassing global technology powerhouses, large IT service providers, tech start-ups, and unicorns. The decline was not limited to certain geographical areas but was observed across both metro and non-metro cities.

Despite the general downturn in job creation, certain sectors managed to buck the trend. The real estate and energy sectors, for example, were able to counterbalance the overall decline, resulting in a relatively stable job market. The oil and gas sector, in particular, experienced a surge in job creation with a 40% increase compared to the same period last year.

Leading the charge in recruitment were roles such as exploration engineers, refinery operations managers, and health, safety, and environment specialists. These roles saw significant demand in regions like Ahmedabad, Mumbai, and Delhi NCR.

The real estate sector also demonstrated resilience with a 17% growth in job creation. Key roles that experienced increased demand included property appraisers, construction project managers, and real estate consultants. Mumbai and Chennai emerged as significant employment hubs for these roles.

Interestingly, even as many employees face uncertainty due to the decline in white-collar hiring, there is a growing trend of investing in ergonomic office furniture. Many are choosing to buy standing desks and electric height adjustable standing desks to improve their work-from-home setups. These best sit stand desks are not just trendy but also offer health benefits of electric stand up desks such as reducing back pain and improving posture.

Despite the decline in IT and white-collar jobs, some sectors like pharmaceuticals, automobiles, and hospitality reported positive growth in job creation. This suggests that while certain sectors may be experiencing a downturn, others are capitalising on changing market dynamics and are continuing to create new opportunities.

In conclusion, while the recent decline in white-collar hiring and IT jobs in India is concerning, it does not paint a complete picture of the country’s employment landscape. Certain sectors have demonstrated resilience and adaptability amidst this downturn. As employees adapt to new ways of working, products like electric height adjustable standing desks are becoming increasingly popular. This suggests that while the job market may be changing, there are still opportunities for growth and innovation.

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

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Ergomotion

Google Reviews

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.

Albert Altit 29/09/23

Google
Excellent quality and superb Customer service. Guy walked us through the options and benefits of each and enabled us to easily decide on which option we wanted.

Installation was a breeze - Guy did a fantastic job !!

Long Hei Tai 15/09/23

Google
Guy is very helpful on my inquiry. The desk is very good in quality and I love it very much.

Thai Nguyen 03/09/23

Google
This is the second desk I have ordered to cater for my growing business. I find the quality of the products excellent and definitely an investment for the future. Great and efficient service and very helpful from the ordering process to the delivery process also. Thank so much to Guy who did a great job with following up and providing updates every step of the way.

GT 01/09/23

Google
Brilliant product, realisable and fast delivery. Thanks guy and the team.
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