E-recruitment moves beyond IT, Software sectors

E-recruitment, a concept popular in the IT and software industries, is now having a far-reaching effect on other sectors too. In a comparative study conducted by online job portal www.monsterindia.com, part of the leading global online career and recruitment resource and flagship brand of Monster Worldwide, Inc., engineering and financial sectors in India are now emerging as leaders in online recruitment. The study has observed a 100% growth in these sectors in 2005 compared to 2004.

The resume database strength in engineering sector alone has grown by 117% in 2005 against 2004, while in the financial sector it has escalated by 98%. The job growth in the two sectors has gained a momentum by approximately 250% in 2005 compared to the previous year.

Elaborating on this trend, Dhruv Shenoy, VP, Marketing, Monster Asia, said, ìThere are clearly two parts to e-recruitment first is from the job seekerís end, which ensures the ëresume growthí, and the second is from the recruiterís end, which ensures ëjob growthí. What is essential to note is that the engineering and finance sectors are growing at both the ends. This means that the demand for jobs is growing in keeping with the rise in the number of job openings in these sectors. While the resume growth in engineering sector and financial sector has been at the rate of 117% and 98% respectively, the job growth in these sectors is pegged at the rate of 250% and 277% respectively, and this is commendable.î

The comparative study (2005 vis--vis 2004) has indicated the following results in the other sectors:

In 2005, resume growth in advertising and marketing has been 84%; 72% in the BPO sector, and 71% in sales
The lowest resume growth has been registered in the IT sector at 29% in 2005

Job postings in the advertising and marketing in 2005 has grown at a rate of 183%. BPO job postings has grown by 166% and sales by 139%

The IT sector registered lowest growth in job postings at 76% in 2005

Shenoy further added, ìThe percentage growth of job openings in these sectors has remained much higher against the percentage growth in the resume growth. This illustrates the recruiterís growing belief in ìonline recruitmentî as a concept. The growing Internet penetration rate is also facilitating job seekers in finding the right kind of opening and is leading to the successful extension of online resume posting options.î

This press release was found at: www.indiainfoline.com