Online Hiring Grows 16% Y-O-Y In February: Report
Production and manufacturing (up 59 percent) has been one of the most active industry sectors with 11% increase in e-recruitment between January and February
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Online recruitment activities in the month of February 2018 registered 16 percent year-on-year growth, according to the Monster Employment Index, up from 12 percent in January 2018.
Among job intensive sectors, production and manufacturing (up 59 percent) has been one of the most active industry sectors with 11 percent increase in e-recruitment between January and February. The sector also recorded the highest growth since December 2015. The growth rate of production and manufacturing matched that of the Home Appliances (up 59 percent) which continue to lead the year-on-year growth chart, however, for the first time the year-on-year growth momentum in the sector slowed in the past three months.
Year-on-year demand in BFSI (up 34 percent) moderated between January and February. Online demand in retail (up 13 percent) picked up and the sector saw a 24 percent increase in demand on a month-on-month basis; the steepest growth among all monitored sectors. The year-on-year growth rate in IT - hardware, software (up 22 percent) lingered at the same level as January 2018.
City-wise data shows that among all monitored cities, Kolkata (up 45 percent) recorded the most notable annual growth rate. This was followed by Baroda (up 37 percent) which registered the strongest growth e-recruitment activity on the month among all monitored cities and Ahmedabad (up 33 percent). E-recruitment activity in Chennai saw a growth of 5 percent down from 6 percent in January, while Delhi-NCR (up 1 percent) saw the least growth among all monitored cities.
Commenting on the trends, Abhijeet Mukherjee, CEO, Monster.com- APAC & Gulf said, “The online hiring activity continues to sustain an upward growth momentum with Monster Employment Index registering a 16 percent year-on-year growth in February 2018. It is heartening to note that the Budget 2018 focused on the revival of rural economy and job-creation. This has provided a much-needed impetus to Production and Manufacturing sector.”