News: Hiring slumps in November: Monster.com

#Updates

Hiring slumps in November: Monster.com

According to the monthly employment index brought out by Monster.com, hiring activities witnessed a marginal slowdown in November primarily due to the uncertain economic environment. Monster.com's monthly employment index, which reflects online job demand, dipped to 117 last month from 119 in October.

Banking, financial services and insurance registered significant month-on-month growth of 15 per cent following a dip in activity in the previous month, owing mainly to sharp growth in the insurance sector, it noted. According to Monster.com, hiring activities declined in the IT hardware and software sectors last month, compared to October. However the employment index showed continued positive growth in recruitment activity from an annual perspective, led by key industries like telecom IT, and financial services. In terms of cities, Bangalore registered the first positive month-on-month growth in recruitment activity since July, 2011.

Source: The Economic Times

Topics: #Updates, #Jobs, Talent Acquisition

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