August 17th 2024.
A recent report has shed light on the financial struggles faced by a majority of blue-collar workers in India. According to the report, a staggering 57.63% of these workers earn a salary of Rs 20,000 or less per month, which is barely enough to cover basic needs like housing, healthcare, and education. This highlights the dire situation of a large segment of the workforce, who are constantly grappling with financial strain.
The report, released by tech-enabled blue-collar recruitment platform WorkIndia, also revealed that 29.34% of blue-collar jobs fall within the moderate earning bracket of Rs 20,000-40,000 per month. While this offers some relief from financial insecurity, it is still far from providing a comfortable standard of living. With such a limited income, savings and investments become a luxury, further highlighting the economic vulnerability of this group.
WorkIndia CEO and co-founder Nilesh Dungarwal expressed concerns over the concentration of low-wage jobs and the limited opportunities for higher earnings within the blue-collar sector. He stressed the need for targeted interventions such as skill development, wage reforms, and the creation of more high-paying job opportunities to address these issues. Such efforts are not only crucial for the economic well-being of the workforce but also have broader implications for social stability and economic growth.
The report also highlighted the limited number of well-paying job opportunities available to blue-collar workers, with only 10.71% of them earning salaries above Rs 40,000-60,000 per month. While this may indicate the presence of specialized skills or experience among these workers, it also reflects the challenges of upward mobility within the segment. Only 2.31% of blue-collar jobs offer salaries exceeding Rs 60,000, emphasizing the scarcity of well-paying opportunities in this sector.
The report, based on an analysis of job data collected from the WorkIndia platform over the past two years, included over 24 lakh job postings across various industries. It revealed that field sales positions, back office roles, and tele-calling positions are among the highest paying blue-collar roles, with a significant percentage of them offering salaries above Rs 40,000 per month. Other roles that fall into this category include accounting, business development, skilled cooks, and receptionists.
On the other hand, delivery jobs, while essential, have the lowest percentage of positions offering higher pay. This further emphasizes the need for more well-paying job opportunities in this sector. As the report suggests, a diverse set of interventions may be necessary to address the economic challenges faced by blue-collar workers and provide them with better opportunities for growth and stability.
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