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Online recruitment activity sees 12% jump in January: Monster Employment Index

Demand in BFSI exceeded the three month and six-month level by 12 percent and 19 percent respectively.

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Online recruitment activities in the month of January 2018 registered 12 percent year-on-year growth, according to the Monster Employment Index. It, however, saw a 2 percent decline in month-on-month e-recruitment activity.

Among job intensive sectors, home appliances continued to lead the long-term growth chart with 71 percent year-on-year as it witnessed 15 percent increase in hiring demand in the past six months. This was followed by media & entertainment (up 46 percent), banking/financial services and insurance (up 36 percent).

Demand in BFSI exceeded the three month and six-month level by 12 percent and 19 percent respectively. On a year-on-year basis, demand in Production and Manufacturing (up 26 percent) picked up in January 2018 following a slowdown in December 2017.

Online recruitment in retail (down 13 percent) recorded the steepest month-on-month decline among all monitored industry sectors. The sector witnessed an 8 percent decline in the month.

City-wise data showed that among all monitored cities, Kolkata (up 47 percent) recorded the most notable annual growth rate, followed by Ahmedabad (up 32 percent) and Baroda (up 31 percent). E-recruitment activity in Delhi-NCR (0 percent) matched the corresponding period a year-ago, while Chennai (up 6 percent) and Bangalore (up 5 percent) registered the steepest monthly decline of 5 percent.

Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East, said that it is interesting to note that production and manufacturing sector is on the revival mode.

Modi added that the job market looks positive and hopefully, hiring should also gain traction in the next few months.

Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a monthly analysis of online job posting activity in India conducted by Monster India.

Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster India, the Monster Employment Index presents a snapshot of employer online recruitment activity in the country.