CHENNAI: Do you think an MBA will get you better pay than a vocational training course? You would have been right a few years earlier, but a recent report is indicating that in some sectors, highly skilled blue collar profiles are attracting better pay than white collar ones.
According to a report released by recruitment firm TeamLease, blue collar jobs in some sectors have started earning as much as, or even more than, white collar jobs like engineer and management posts.
“We have found that pay packages of blue collar profiles are 10-27 per cent more than engineers and almost the same as management graduates, indicating a clear preference for skills,” observed the report. Even growth rates of blue collar profiles were more than white collar ones in some sectors like automotive, apparels and gems and jewellery.
“A gaping demand-supply imbalance and an acute shortage of skilled workers are driving the transformational shift in payout structures,” TeamLease Services Senior Vice-President Rituparna Chakraborty said.
Engineers have not fared well because of the saturation in the job market and the number of engineering candidates that the thou sands of engineering colleges in the country churn out every year.