Online Hiring Rebounds After Decline In May And June 2018
The monthly hiring rebounds 6 percent, following a decline of 8 percent in June and 7 percent in May 2018
Production and manufacturing sector continue to lead online hiring at 60 percent y-o-y growth Monster Employment Index July 2018, while the retail sector has also witnessed a 41 percent y-o-y increase in the online recruitment activity in July 2018, up from 17 percent in June 2018.
The Monster employment index for July 2018 registered 2 percent y-o-y decline in online recruitment activities. However, the monthly hiring rebounds 6 percent, following a decline of 8 percent in June and 7 percent in May 2018.
There has also been a significant increase in the y-o-y demand for online hiring in the banking/ financial services, insurance sector (up 19 percent) following a single-digit y-o-y growth of 5 percent recorded in June 2018.
Abhijeet Mukherjee, CEO, Monster.com, APAC & Gulf said, “The online hiring in the production & manufacturing sector has seen an upswing for the fourth consecutive month. This could be result of the sustained impetus in domestic and export growth orders have encouraged firms to raise their staffing levels. Moreover, the retail sector has also shown a phenomenal growth surge which can be attributed to a spurt in online shopping owing to end of season sale and discounts.”
City-wise data shows a downtrend in e-recruitment activity in all major cities. Y-o-y, Chandigarh (up 18 percent), Jaipur (up 12 percent) and Coimbatore (up 10 percent) were the only cities to chart positive growth in July 2018. Online hiring activity in Kolkata (-3 percent) eased below the corresponding period a year ago for the first time since January 2015.
Among the job roles, finance & account (up 24 percent) and HR & Admin (up 24 percent) registered the most notable increase in demand on a year-on-year basis.