Monster Employment Index India registered 11 percent y-o-y growth for June’17
New Delhi, 13 July, 2017: Online recruitment activities in the month of June 2017 registered 11 percent year-on-year growth, according to the Monster Employment Index.
Among top growth sectors, Banking/ Financial Services, Insurance led long-term growth chart with a 44 percent year-on-year growth followed by Home Appliances (up 34 percent). The Consumer Goods/ FMCG, Food & Packaged Food industry witnessed a surge of 33 percent in June 2017 from 27 percent in May 2017.
City-wise data shows that among metros, Kolkata (up 40 percent) continued to lead the long-term growth even in June 2017. Mumbai(up 15 percent) was the only city to exhibit double-digit annual growth, Hyderabad at 5 percent, Bangalore was up by 3 percent, while annual growth trend in Chennai (down 12 percent) exhibited the steepest decline. Online hiring activity in Delhi-NCR matched the year-ago level.Baroda (up 36 percent) followed by Ahmedabad (up 20 percent) recorded the steepest year-on-year growth.
Commenting on the trends, Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East said, “India is on the brink of major transformation owing to several economic reforms and digital disruption over the last few months. The Monster Employment Index for June has captured this sentiment reporting 11 percent year on year growth. It was majorly driven by Banking, Financial Services and Insurance sector making Mumbai (up 15 percent) the only metro to have exhibited a double-digit annual growth.”
“The implementation of Goods and Service Tax (GST) is a progressive step and is likely to have an encouraging impact on the job market nudging the overall growth.”
