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.

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

Google Reviews


Google Reviews

Andrew Pieterse 14/06/24

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

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.

Nickel 10/05/24

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

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

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

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

Decent desk and awesome service. Highly recommend

Rod Hathway 10/11/23

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

Dom K 06/11/23

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

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.