Upcoming Festive Season Sees 15% Online Hiring Growth

BW Online Bureau Oct 10, 2017

Online recruitment activities in the month of September 2017 registered 15 percent year-on-year growth, according to the Monster Employment Index.

Home Appliances continued to lead the top growth sectors for the third consecutive month in succession with 58 percent year-on-year growth in September 2017. This could be attributed to the upcoming festive season. Online hiring in Banking/ Financial Services, Insurance paced up from 35 percent in August 2017 to 45 percent in September2017, with an additional nine percent increase in month-on-month demand.

City-wise data shows that among metros, all five Tier-1 cities monitored by the index witnessed slowdown in the online hiring on a year-on-year basis. Kolkata (up 33 percent) continued tolead the long-term growth in September 2017. Interestingly, Tier II cities witnessed enhanced growth with Baroda (up by 23 percent),Coimbatore (up 20 per cent) and Ahmedabad (14 percent).

Commenting on the trends, Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East said, “Much ahead of the festive season, the overall sentiment of the Indian job market looks optimistic, after facing a slump in the past few months across industry sectors. The Monster Employment Index for September 2017 has captured an uptrend with a 15 percent y-o-y growth. It is interesting to note that Tier II markets have outperformed metros when it comes to online hiring with Baroda (up by 23 percent), Coimbatore (up 20 per cent) and Ahmedabad (14 percent). On the other hand, metros such as Delhi (down 5 percent), Chennai (down 2 percent) Bangalore (down 1 percent) are yet to enter the top recruiter’s race.”

He further added, “The job market has undergone an overhaul owing to technological advancements and the dynamic economic scenario. The country’s GDP growth declined by 2 percent to 5.7 percent in the June quarter of 2017 compared to 7.9 per cent in the corresponding quarter of the previous year. Efforts should be made to improve this to spur further job creation.”