Total 1M+ Workers Lost Their Jobs, Says Betterplace Jobs Report

• Blue-collar lifecycle management startup Betterplace launches its blue-collar jobs report 2020.
• Betterplace is India's leading technology startup known for managing the lifecycle of the informal and semi-formal workforce.
• A total of 1.4M+ blue-collar jobs to be created this year.

A Total of 10,00,000+ blue-collar workers lost their jobs during the COVID-19 lockdown, said a report by Betterplace.

The report is based on the data from the past 5 years, 1000+ companies, 20,000 pin codes, 80 Lakh employees & millions of data points gives insights into the ground realities, pandemic impact concluding with the path to recovery.

The report said that the Indian economy is beginning its recovery process in sectors like delivery and healthcare and more sectors will see job opportunities in tier 2 and 3 cities.

Overall, a total of 1.4 million jobs to be created this year, said a report by Betterplace

During the Q2 COVID-19 lockdown, the demand went down by 80% compared to Q1 2020.

It is expected that the Q4 will see a 90% increase in demand for jobs compared to Q1 2020.

Furthermore, Report said, 80% of the overall demands contains from the gig economy.

The gig economy is a free market system in which workers are in contract-based and hire independently for a short term period depending on the customer demand.

Segment such as Drivers, facility, security, and others hit the worst during the COVID-19 lockdown period.

While the driver segment has the worst hit, saw a 97.5% drop in overall demand during the Q2 2020.

On the other hand, the Delivery segment saw a nearly 40% drop during the Q2 period but expected that it will surpass the January 2020 numbers.

Furthermore, Cities from South India states will create the most job opportunities.

The jobs demand from the states like Uttar Pradesh and Delhi has decreased by 90% during Q2 2020. It is expected that states from south India are likely to recover up to 75% compared to Q1 2020.

Moreover, When the Indian government announced the COVID-19 lock down more of the blue-collar workers have migrated to different cities and some backed to their home towns to find work opportunities.

Bangalore and Hyderabad were the top cities where workers migrated for job opportunities.

While the majority of workers from Bihar have migrated to Delhi and Gurgaon for better work opportunities. On the other side, the Majority of workers from Madhya Pradesh moved to Mumbai.

Moreover, the Betterplace report estimated that a total of 10,00,000+ workers lost their job during the Q2 2020.

Nearly 44% of job losses are from the gig economy, with the driver segment was having the highest drop of 60% jobs during the Q2 2020.

30% of the job losses come from metropolitan cities like Bengaluru, Mumbai, Delhi, and Hyderabad covering a total of 40% job loss from the South India states.

The gig economy contributes 88% of the total income loss with the highest income loss in the driver segment contributing alone 66% income loss during the Q2 2020.

Delivery and healthcare are expected to an end of this year at more than 100% of the pre-COVID levels compared to other segments like security, IT, Mobility, Retail, hospitality, etc.

“The COVID outbreak in India impacted the blue-collar sector more than any other," said, Pravin Agarwala, Founder & CEO, Betterplace.

"With the onset of the festive season across the country, it is heartening to see Governments and private sector employers rising to this challenge because they expect the festive season to pave the way for the recovery," he added.

He further stated, "we are already seeing green shoots appear in demand generation in cities like Bangalore, Hyderabad, Mumbai, and Delhi. This report reinforces the fact that the jobs pipeline on the ground is robust. With the application of AI-based technology which matches skills and Jobs, both the job seekers and employers will be winners. As a result, our country and economy win.”

“We believe that demand generation will be faster in tier 1, 2 3 cities like Hyderabad, Pune, Noida, Gurgaon," said, Saurabh Tandon, Co-founder & COO, Betterplace.

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Betterplace is a Bangalore based leading technology startup focused on managing the blue-collar workforce in the country. The startup was founded in 2015 and works with more than 1000+ companies in the country to meet the aspirations and needs of the blue-collar workforce, to organize hiring, managing, and engaging model coupled with the vision to improve their livelihood.

Betterplace customers are present in various industries such as Private Security, Logistics, Facility Management, IT/ITES, On-Demand Services, Retail, Construction, and more.

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