Real estate and construction jobs witness steady recovery amid pandemic

Real estate and construction jobs witness slow but steady recovery amid the COVID-19 outbreak
Real estate and construction jobs witness steady recovery amid pandemic
Representative imageImage source: The Bridge Chronicle

New Delhi: The two sectors of the business, real estate and construction are mass employers and prime indicators of the country’s growth and development according to a recent survey conducted by Indeed, a website for job listings. However, the recent GDP data released by the National Statistical Office (NSO)[1] for the third quarter of 2020-21 indicated recovery in the sectors, 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 also indicated that clicks for construction related jobs declined by 18 per cent the postings grew marginally by 0.3 per cent.

While the data shows a significant impact on the hiring activity in both the sectors during initial months of lockdown, it showed gradual signs of improvement on the back of eased out lockdown restrictions which resumed the labour activities in the sectors.

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.”

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.

The data also looked at the top five job roles that were in demand in both the sectors. In construction sector, job titles such as Site Engineer, Construction Worker, Planning Engineer, Civil Supervisor and Carpenter are in demand. Talking about the real estate sector, titles such as Realtor, Real Estate Associate, Property Manager, Real Estate Manager, Leasing Agent are making a buzz.

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