Article: Monster Employment Index India registers a 32 Percent growth

#Updates

Monster Employment Index India registers a 32 Percent growth

“The Monster Employment Index reveals that the online recruitment in India has certainly grown at an escalating pace. With a 32 percent YoY growth, the month of June 2015 registers the highest increase in the online recruiting sector this year. While BFSI shows a remarkable growth with 72 percent, Production and Manufacturing stands next in queue with 67 percent YoY growth. Tier-II cities continue to lead amongst all monitored cities with Kochi (up by 47 percent), Baroda (up by 37 percent) and Coimbatore (up by 42 percent). This illustrates the alignment with government’s agenda of providing equal opportunities for India in smaller towns.” said Sanjay Modi, Managing Director, Monster.com (India/Middle-East/South-East Asia/Hong Kong).

Industry Year-over-year Trends: Online recruitment activity edged up in 17 industry groups out of the 27 monitored by the Index.

· Banking/Financial Services, Insurance took the lead among industry sectors charting a 72 percent growth on the year. The sector has been registering double-digit annual growth rates since November 2014 besides progressive improvement in the growth momentum. Between December 2014 and June 2015, online recruitment activity in the sector increased 36 percent

· Production and Manufacturing registered a 67 percent growth from the year ago. Recruitment activity in the sector edged 13 percent between May and June 2015 following a three percent month-on-month drop in May 2015

· Media & Entertainment (up two percent) saw recruitment activity surpass that in the corresponding period a year ago following negative growth since October 2014

·  Recruitment levels in Consumer Goods/FMCG, Food & Packaged Food sector matched the year-ago level after having charted negative annual growth rates continuously for the past three months

· IT - Hardware, Software; and BPO/ITES exhibited a 61 percent and 28 percent year-on-year growth respectively. BPO/ITES however saw recruitment activity ease on the month 

· Chemicals/Plastic/Rubber, Paints, Fertilizer/Pesticides (down 29 percent) exhibited the steepest year-on-year decline among all industry sectors

Occupation Year-over-year Trends: Online demand increased for all 13 occupation groups monitored by the Index.

· Arts/Creative professionals witnesses a 61 percent growth in demand from the year-ago; the steepest growth among occupation groups for the sixth month in a series

· Software, Hardware, Telecom (up 52 percent); Sales & Business Development (up 43 percent); and Finance & Accounts (up 41 percent); HR & Admin (up 25 percent) saw significant improvement in the long-term growth momentum vis-à-vis May 2015. Clearly, there is a greater demand for these roles

· Purchase/ Logistics/ Supply Chain personnel saw online demand exceed the year ago level by six percent even in June. However, the group also registered a positive six-month growth rate for the first time this year

Geographic year-over-year Trends: All 13 cities monitored by the Index charted positive online hiring trend on an annual basis.

· Tier II cities continues to lead all monitored cities, year-on-year.  Kochi (up 47 percent) supplants Baroda (up 37 percent) and charts the steepest annual growth. Coimbatore (up 42 percent) is second in the rung

· The long term growth momentum for Bangalore (up 42 percent) improved further; up by 12 percentage points between May and June 2015. The city registered the steepest growth on an annual basis among major cities followed by Mumbai (up 36 percent); and Hyderabad (up 33 percent) 

· The year-on-year growth rate in Chandigarh at 22 percent was the lowest among all monitored cities 

Topics: #Updates, HR Analytics

Did you find this story helpful?

Author

QUICK POLL

Is your company culture digital ready?

On News Stands Now
q_auto,f_auto/v1565295723/mag-august-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now