Real Estate sector is a sector which was hurt the most during recent recession and is now taking off.
During the real estate boom before the downturn, many developers hired more manpower than required. But during these 2 quarters of recession, the extra manpower was laid off. These employees are mostly taken in other sectors, as reality sector was damaged the highest. Now when the developers are in need of extra staff, they won't find proper staff. To find unskilled staff may not be a big problem. But for the skilled staff the case may not be same.
About 30% of the country's working population is employed in this sector and the sector is on number to 2 to give jobs, first being the agriculture. It accommodates employee from unskilled to highly skilled.
During the real estate boom before the downturn, many developers hired more manpower than required. But during these 2 quarters of recession, the extra manpower was laid off. These employees are mostly taken in other sectors, as reality sector was damaged the highest. Now when the developers are in need of extra staff, they won't find proper staff. To find unskilled staff may not be a big problem. But for the skilled staff the case may not be same.
About 30% of the country's working population is employed in this sector and the sector is on number to 2 to give jobs, first being the agriculture. It accommodates employee from unskilled to highly skilled.
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1 comment:
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