Change In The Hiring Landscape

Change In The Hiring Landscape For Both The Blue & White Collared Workforce: Spectrum Talent Management

Spectrum Talent Management, a one-stop solution for global-local human talent management, has recently reported a considerable hike in both blue & white collared jobs across sectors post-pandemic. The hiring trends have shown a significant spike over the last two quarters and are expected to maintain the trend over the next few months as well.

White collared jobs are mainly administrative/office based and are in demand in all industries. In comparison, blue-collar employees are predominantly hired in Industrial, Retail, EPC, Manufacturing and Ecommerce setups. Since COVID-19, there has been a 25% increase in blue-collar hirings while the other segments have witnessed a cumulated spike of 40%. Approximately 12000 hirings were closed by Spectrum Talent Management in the past two years for blue-collar and 4000 for white-collar openings.

Tech, Pharma and BFSI are the leading sectors that reported the highest number of white collared positions. A mix of Tier I & Tier II cities, including Bengaluru, Mumbai, NCR, Pune, Ahmedabad, Jaipur, and Trivandrum, has led a majority of hirings.

Sharing his insights on the hiring numbers, Sidharth Agarwal, Director, Spectrum Talent Management said, “We were expecting a spike in hiring numbers post-pandemic due to pent-up demand and accelerated rate of digitisation across the globe. Despite the economic slowdown concerns, we foresee a stable growth in hiring requirements. Few sectors like manufacturing and ecommerce will join the main league of tech, pharma and BFSI segments to generate a high number of job openings in the next few months”.

BFSI and Retail sectors emerged as the top two sectors, having the highest number of job openings in the last six months, as per Spectrum’s previous report. Blue collar jobs reserved a higher percentage of increase making retail one of the top two sectors in hiring.

Resource : BW Online Bureau