'Blue -collar worker shortage could Go from Bad to Worse'
Mumbai: An acute shortage of blue- collar workers that several Indian industries are facing after the covid outbreak could in -
Jan,07,2022 05:00 pm (Ist) Posted By:
Several sectors including manufacturing, ecommers, logistics, construction and real estate are facing man power shortage of about 20-25% according to data from staffing and and human resources solution firm TeamLease servies, shared with ET.
The demand - supply gap stems from the fact that a significan chunk of the mirant popuaion ia stil hasitan to return because o the fear of a potential hird wave of he pedemic. The emergence omicron could keep workers rom working even in cities, said indusry expers.
Man have taken up local jos, and the govermen's large scale rural employment scheme have also helped peole earn a livehood closer to home.
"Even if Omicron turns out to be a milder varient than Delta, the threat itself may stop people to coming back from rural areas," said madan sabnavis, chief economist, care Ratings. "That a part, seasonal migration due to the ongoing rabi sowing season is seen worsening the demand - upply gap," he added.
There ia a huge supply short age in profiles such as supply executives, drivers housekeepers, welders, warehouse workers, electricians and crane operators according to TeamLease data.
"While many experts are leaning on the side of comentaries around caution and need for restrictions, the restrictions and the panic that ensure can potentially have a disastors impact on the economy wich is on the upswing on employment, wich has been improving on labour mobility wich has been processing" said Ritupanna ohkra borty, executive vice - president, TeamLease services
A lack of skilled resources to meet the manpower demands is further adding to the shortage seshagiri rao joint managing director at JSW steel said attrittion leveles are still high, adding to the man power crisis. "There is a huge shortage of skills" Rao said.
Economists sounded a word of caution for 2022 as far as employment in contact - intensive services and informal jobs. " we are still weeks or months away from knowing whether omicron os another Delta," said sachchidanad shukla chief ecomistst at the Mahindra Group.
Crunch Situation.
