News: Online hiring activity falls 4% in July: Monster.com

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Online hiring activity falls 4% in July: Monster.com

Online hiring activity registered a decline of nearly 4 per cent in July over the same month a year ago amid weak economic conditions, according to a research by job portal Monster.com.

Online hiring activity registered a decline of nearly 4 per cent in July over the same month a year ago amid weak economic conditions, according to a research by job portal Monster.com.

On a month-to-month basis, the index witnessed an even sharper decline as it was down by 6.10 per cent to 123 in July from 131 it registered in June, PTI reported.

“The decline in annual growth is reflective of the prevailing challenging economic conditions. Keeping in mind the uncertain economic/ political scenario, companies are adopting a cautious approach while hiring which is reflected in the index,” Monster.com (India/ Middle—East/South—East Asia) Managing Director, Sanjay Modi, said.

A sectoral analysis shows that 12 of the 27 industry sectors monitored by the Monster Employment Index registered expansion in online recruitment activity between July 2012 and July 2013.

Topics: #GlobalPerspective, #Hiring, Talent Acquisition

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