Annual Blue-Collar Job Market Index highlights 50% Growth in Hiring Trends from 2022 to 2023 – WorkIndia

Annual Blue-Collar Job Market Index highlights 50% Growth in Hiring Trends from 2022 to 2023 – WorkIndia

India, 15th September 2023: WorkIndia, a leading tech enabled blue collar tech recruitment platform has released of its Annual Blue-Collar Job Market Index, offering a comprehensive overview of hiring activity and trends in the blue-collar job sector in India. The report is based on an extensive analysis of new job listings and job demand by recruiters on the resume database, from April 2022 to April 2023.

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This report captures hiring activity across various dimensions, including job segments, cities, salary ranges, experience bands, and future projections. It is aggregated based on the hiring activity of over 1. 4 lakh clients with over 20.7 Lakh Job listings. This year’s report reveals a remarkable 50% growth in the overall hiring trends from April 2022 to April 2023, reflecting a dynamic and evolving job market landscape.

Among the standout revelations are the remarkable growth rates in the top five job segments. Backoffice positions witnessed an astounding 269% increase, closely followed by Telecalling with a 283% surge. Field Sales saw an impressive 288% growth, while the Delivery Boy and Office Boy roles experienced 271% and 284% growth, respectively.

Furthermore, the report highlights substantial growth in several major Indian cities. Delhi experienced an 83% increase in hiring activity, while both Mumbai and Bangalore saw a remarkable 92% growth rate. Kolkata also demonstrated a noteworthy 59% rise in job market activity.

The study also delves into hiring trends across different experience levels, indicating significant shifts in job seekers’ preferences. Job opportunities for candidates with 0-6 months of experience surged by 109%, while those with 1-2 years of experience witnessed a notable 96% growth. Meanwhile, candidates with over 2 years of experience still saw a respectable 56% growth in job opportunities.

Beyond these core findings, the report sheds light on the broader economic landscape in India. It notes that as of March 2023, there were a total of 6 crores Small and Medium Businesses (SMBs) operating in the country. Additionally, GDP growth projections for the period were set at an encouraging 8%. Of particular interest is the prevalence of online SMBs in India, numbering 3 crores, with online businesses capturing a 50% share of the SMB market. Internet penetration, a crucial factor in the digital economy, stood at 7%. The report also reveals that a total of 21lakh SMBs were acquired, and the collective market share of these businesses accounted for 7% of the market.

As of March 2023, there were notable variations in monthly salary trend growth across various professions. These trends reflect the diverse economic landscape and evolving workforce demands in March 2023. The most striking trend was in the driver profession, which saw an astonishing 32% growth, likely influenced by the evolving needs of transportation and logistics in our dynamic world. The accounts sector saw a steady 1% growth, reflecting stability in this field. Architectural professionals experienced a slightly higher 2% growth, indicating increased demand for their expertise. The back-office sector also witnessed a 1% growth, suggesting a consistent employment landscape. In contrast, the beautician industry saw a more significant 2% growth, possibly driven by a growing focus on personal grooming and wellness. The chemist profession experienced a remarkable 6% growth, highlighting the significance of healthcare and pharmaceuticals in the current climate.

Commenting on the report, Nilesh Dungarwal, CEO and Co-Founder, WorkIndia said – “This report is a testament to the dynamic growth potential of the blue-collar job market in India, these findings demonstrate the resilience and adaptability of the Indian workforce, as well as the evolving preferences of job seekers and recruiters. We believe that these growth numbers will serve as a valuable resource for businesses, policymakers, and job seekers to make informed decisions in this ever-changing job market landscape.”

These findings collectively demonstrate a vivid picture of the evolving landscape of blue-collar job markets in India, offering valuable insights for businesses, policymakers, and job seekers alike as they navigate this dynamic environment.