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Online hiring activity in India up 14% in August: Monster.com

Author: IANS/Wednesday, September 13, 2017/Categories: Corporate

Online hiring activity in India up 14% in August: Monster.com

New Delhi - Online recruitment activity in India registered a 14% increase in August over the same month a year ago, reported a survey.

The Monster Employment Index for last month stood at 279, which was a 14% increase over the 244 registered in August 2016, thus also recording the highest rise in this fiscal.

"Ahead of the festive season, Home Appliances lead the top growth sectors with a 54% year-on-year growth in August 2017," a Monster.com statement said here.

"The jobs scenario in the country has subtly improved with a 14% year-on-year growth according to the Monster Employment Index for August 2017," Monster.com MD (APAC and Middle East) Sanjay Modi said in a statement.

"The new GST tax regime is expected to have a positive impact on ease of doing business, thereby making it conducive for foreign investors and companies. However, its impact for reasonable job growth is going to take some time," he added. 

The survey showed city-wise e-recruitment activity exceeded the year-ago level in 7 of the 8 cities monitored by Monster.com.

Kolkata (up 46%) recorded the highest annual growth in hiring as in the previous month. Among other major cities, Mumbai (up 11%) was the only other tier-I city to exhibit a double-digit annual growth rate. Chennai was marginally up by one per cent, while Delhi-NCR last month was down 1% below the hiring level in August 2016.

Of the 27 industry sectors monitored by the index, 21 saw increased demand. The Home Appliance sector led all monitored industry groups charting a 54% growth over last year, followed by NGO/social services (up 38%) and banking and financial Services (up 35%).

Home Appliances' "hiring on the month eased by 3% for the first time following incessant growth since February 2017," the statement said. 

"Online demand in the sector increased by 9% and 25% respectively in the past three-months and six-months," it added. 

Online recruitment activity in the e-commerce sector saw a marginal growth of 1% over the level a year ago. 

The BPO/ITES hiring decline by 20% in August was the steepest among the monitored industry sectors. 

In terms of occupation, online demand exceeded the August 2016 level in 12 of the 13 occupation groups monitored by the index. Sales and business development professionals saw the steepest annual growth of 35% in August, up from 29% in July. 

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rajyashree guha

IANS

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