Online Hiring Gains Momentum; Attains 14% Growth In August

Online hiring has gained some momentum in August too, showing some improvement in a long time, according to the Monster Employment Index. Online hiring activities have registered 14 percent year-on-year growth in August 2017.

Home appliances sector registered the highest growth with a 54 percent year-on-year growth in August 2017. Online hiring in banking/financial services, insurance (BFSI) sector eased from 43 per cent in July 2017 to 35 per cent in August 2017.

However, the sectors continued to be among the top five hiring sectors. NGO/social services sector saw a sharp growth in demand on the year. The growth rate paced up from 16 per cent in July 2017 to 38 per cent in August 2017.

Media & entertainment with 33 percent growth witnessed the sharpest month-on-month gain among all sectors.

Production and manufacturing witnessed rate of decline easing to a single-digit fall of 7 percent for the first time since December 2016. Logistic, courier/freight/transportation paced up from 1 per cent in July 2017 to 12 per cent in August 2017.

E-recruitment in real estate sector surpassed the year-ago level for the first time since November 2016; up by 4 per cent. Online demand improved in retail as well. The sector witnessed a 9 per cent growth on the year following low levels since May 2017.

Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East said, “The jobs scenario in the country has subtly improved with a 14 percent y-o-y growth according the Monster Employment Index for August 2017. While sectors such as home appliances, BFSI, FMCG continue to exhibit growth, other sectors such as real estate, retail, BPO/ IT, production and manufacturing await revival. The overall market, however, continues to be dynamic owing to various socio-economic factors and technological revolution.”