Monster Employment Index, a monthly analysis of online job demand in India reveals Home Appliances and Production and Manufacturing, registered the highest year-on-year growth. Government/PSU/Defense and BPO/ITES emerged as the lowest growth industries.
Focusing on the occupation year-on-year trends, following critical observations were made:
- Year-on-year, Finance & Account (up 32 percent) professional's observed the steepest increase in demand. Healthcare professionals followed closely mapping a 31 percent increase in demand between March 2017 and 2018
- Sales & Business Development continued to be amongst the most demanded job role despite significant moderation in the pace of year-on-year growth rate which was down from 37 percent in February to 27 percent in March 2018.
- There has been a rise in demand for Hospitality & Travel (up 19 percent) professionals. Month-on-month, the job role recorded the most notable increase of five percent among all monitored job roles.
- Online demand for Customer Service professionals reduced below the year-ago level; down by two percent.
The year-over-year geographic trends observed that e-recruitment activities exceeded the year-ago level in 11 of the 13 cities monitored by the Index.
Kolkata continued to be the most active job market recording a 33 percent increase from March 2017.
Baroda registered the steepest decline in online recruitment activities on a month-on-month basis, down by seven percent. Mumbai (up 10 percent), was the only tier-I city to record a double-digit growth on an annual basis. Hyderabad registered one percent growth year-on-year; down from an increase of six percent in February. Chennai saw growth of two percent down from five percent in February. In Bangalore, online demand matched the year-ago level this month. Online recruitment activity in Delhi-NCR shifted below the year-ago level by two percent. However, Chennai, Bangalore, Kochi, and Jaipur were the most active cities on a month-on-month basis, each registering an increase of three percent between February and March 2018.
Commenting on the trends, Abhijeet Mukherjee, CEO, Monster.com- APAC & Gulf said, “The economic reforms by the government seem to have started impacting the economy in a positive manner, and the online recruitment activity around crucial sectors such as Production & Manufacturing can be attributed to it.
The demand for professionals in Finance & Accounts can also be a result of the massive opportunity created by the GST reforms for people with the know-how of the new tax regime.’’
He also added that the digital revolution is reflecting the substantial growth across sectors thereby, increasing opportunities and re-shaping the fundamental nature of work and iterating the constant need to upskill.