Online Hiring Activity Grows 3% Y-o-Y In June 2018: Report
Telecom sector exhibited a significant drop in the y-o-y growth momentum which eased further from 21 percent in May 2018 to 17 percent in June 2018
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Online recruitment activities registered a 3 percent Y-o-Y decline, as well as 8 percent M-o-M decline for June 2018, despite production and manufacturing sector exhibiting the highest long-term y-o-y growth at 49 percent. According to the Monster Employment Index, the annual growth momentum eased between May and June 2018, and the sector registered 2 percent increase in hiring activity on a month-on-month basis.
Abhijeet Mukherjee, CEO, Monster.com- APAC & Gulf said, "The slower online hiring growth could be owing to the on-going mergers & acquisition landscape across several sectors where employers are exhibiting caution in their hiring plans,"
The current newsmaker, telecom sector exhibited a significant drop in the y-o-y growth momentum which eased further from 21 percent in May 2018 to 17 percent in June 2018. Month-on-month, the sector recorded 3 percent decline in e-recruitment activity.
There has been a notable increase in demand for healthcare professionals exceeding the corresponding period a year-ago by 24 percent; the highest recorded among all monitored job roles. Finance & Account was the second most demanded job role registering a y-o-y growth of 21 percent.
On a year-on-year basis media and entertainment registered a 26 per cent jump. Education (up 17 per cent) and retail (up 17 per cent) were also among the most active sectors despite moderation in pace.