Article: Monster Employment Index India Reveals a 26% Year-on-Year Growth

#Updates

Monster Employment Index India Reveals a 26% Year-on-Year Growth

The Monster Employment Index continues to show a progressive growth momentum with a 26 percent growth in May 2015. This is a reflection of positive business sentiment despite the challenges at micro & macro-economic level. May index depicts a growth of 56 percent in Production and Manufacturing sector, followed by IT – Hardware and Software sector. Another notable outcome is that among occupation groups, there has been a remarkable demand for the Arts/Creative professionals from the year-ago with a 56 percent rise. Interestingly, Tier II cities once again top the long-term growth chart with maximum job creation - Baroda (up 40 percent) followed by Coimbatore (up 37 percent) registered the steepest growth in online recruitment YOY”, said Sanjay Modi, Managing Director, Monster.com (India/Middle-East/South-East Asia/Hong Kong). 

Monster Employment Index India results for the past 18 months are as follows:

Dec

13

Jan

14

Feb

14

Mar

14

Apr

14

May

14

Jun

14

Jun

14

Aug

14

Sep

14

Oct

14

Nov

14

Dec

14

Jan

15

Feb

15

Mar

15

Apr

15

May

15

Y-O-Y

135

142

152

151

151

151

153

154

153

144

144

144

160

151

165

178

191

191

26%

 

 

 

 

 

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

· Although online hiring in Production and Manufacturing has eased more recently going by the month-on-month growth rate the sector continues exhibits notable growth from the year-ago level. Online recruitment in the sector has increased by a significant 53 percent between November 2014 and May 2015. At 142, the Index reading for the series exhibited a 56 percent in opportunities from the year-ago; also the steepest among all industry sectors. It is notable however that the pace at which online opportunities has been growing in the long term has slowed between April and May 2015 

· IT - Hardware, Software followed closely charting a 48 percent growth in online opportunities; the same as in April 2015. Banking/ Financial Services, Insurance (up 45 percent); Telecom/ISP (up 42 percent); Retail (up 40 percent); and BPO/ITES (up 33 percent) were among the top recruiting and most steadily growing sectors, year-on-year 

· Education (up three percent); Garments/ Textiles/ Leather, Gems & Jewellery (up one percent); and Real Estate (up one percent) saw online hiring exceed the year-ago level marginally following negative growth since October 2014

· Healthcare, Bio Technology & Life Sciences, Pharmaceuticals (up 17 percent) registered the first double digit annual growth rate since January 2015

· Shipping/Marine exhibited the steepest year-on-year decline among all industry sectors even this month. The growth rate has improved 10 percentage points, from a negative 43 percent in April 2015 to a negative 33 percent in May 2015 

 

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

Demand for Arts/Creative professionals continues to trend on a robust and positive growth path. While the growth momentum eased slightly, the group registered a 56 percent increase in opportunities from May 2014, the steepest growth among all occupation groups. Month-on-month, online demand for the group remained constant at April 2015 level 

· Health Care professionals saw an increased online demand. A 13 percent year-on-year growth rate was the highest since December 2014. There has been a 44 percent growth in opportunities for the group in the last six months

· Software, Hardware, Telecom (up 35 percent); Sales & Business Development (up 32 percent); and Finance & Accounts (up 27 percent) are the top in-demand occupational groups aligning with increased opportunities in the related sectors 

· Purchase/ Logistics/ Supply Chain personnel saw online demand exceed the year ago level by six percent following a 12 percent drop in April 2015  

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

· Tier II cities once again top the long-term growth chart with maximum job creation.  Baroda (up 40 percent) followed by Coimbatore (up 37 percent) register the steepest growth in online recruitment year-on-year

· Among major cities, Bangalore (up 29 percent) recorded the most notable year-on-year growth consequent upon increased opportunities in IT - Hardware, Software; Banking/ Financial Services , Insurance; Production and Manufacturing; and BPO/ITES sector

· Delhi-NCR (up 22 percent); Mumbai (up 25 percent); Hyderabad (up 23 percent) saw annual growth momentum improve marginally

· Chandigarh (up 16 percent) witnessed the most restrained growth in hiring among all monitored cities even this month

About the Monster Employment Index

 Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a broad and comprehensive 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 nationwide.

 The Monster Employment Index’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action/decision taken or for the results obtained from the use of such information.

Topics: #Updates, #GlobalPerspective

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