Real Estate, Construction Jobs Witness Slow But Steady Recovery: Study

Real Estate, Construction Jobs Witness Slow But Steady Recovery: Study

The hiring activity in Real Estate and Construction sectors witnessed a slow but steady recovery, according to Indeed study.


The two sectors which are mass employers and prime indicators of the country's growth and development were brought to a halt by lockdowns. However, the recent GDP data released by the National Statistical Office (NSO)[1] for the third quarter of 2020-21 indicated recovery in the industries, thus reflecting a boost in hiring opportunities.


Indeed's data revealed that clicks for Real Estate jobs jumped 22 per cent while postings for these jobs also increased by 3 per cent in March 2020-March 2021.


The data further indicated that while clicks for construction related jobs declined by 18 per cent the postings grew marginally by 0.3 per cent.


The overall data indicated that, hiring for Real Estate jobs has seen a stronger recovery June 2020 and remained steady throughout the second half of 2020, as roles offered in the sector are more compatible with digital transformation and interfaces - the job postings for the Real Estate jobs were higher than the clicks in the second half of 2020. On the other hand the postings for the Construction jobs were half the clicks owing to the on-site, physical nature of the jobs.


Indeed data also indicates that job seekers' interests in construction jobs hit a two-year low (-30 per cent) in April 2020, after which the sector seemed to have picked up momentum as the government eased out restrictions in the sector, thus reflecting a jump of 17 per cent between April 2020 and March 2021. While the overall postings for job roles in construction remained low, the jobseekers interest (clicks) was high throughout the pandemic.


As per Indeed, top 5 job roles that were in demand in both the sectors include Site Engineer, Construction Worker, Planning Engineer, Civil Supervisor, Carpenter, Realtor, Real Estate Associate, Property Manager, Real Estate Manager, and Leasing Agent.


Sashi Kumar, Managing Director, Indeed India said, "The turnaround in construction and real estate hiring is a sign of hope, because job creation at scale is at the heart of economic recovery. The pandemic drag on real estate projects does not appear to have impacted the demand for skilled construction workers, while Indeed's top jobs in real estate reflect the sector's response to the rise of remote work, talent migration and the demand for flexible workspaces. As we navigate a second wave, it is important to ensure the continuity of mass employment sectors like construction and real estate and their ancillary sectors that are slowly but surely rebounding from last year."


0/3000 Free Article Left >Subscribe