NEW DELHI: Online recruitment has shown an uptick in August too, after months of improvement, according to the Monster Employment Index. Online recruitment activities in August 2017 registered 14 per cent year-on-year growth.
Home appliances sector led the top growth sectors with a 54 per cent year-on-year growth in August 2017, probably due to the coming festive season.
Online hiring in banking/financial services, insurance (BFSI) sector eased from 43 per cent in July 2017 to 35 per cent in August 2017. Nevertheless, the sector continued to be among the top five hiring sectors. All other growth parameters also indicated an upward trend; up four percent (MoM), up nine percent (three-month) and up 17 percent (six-month).
NGO/social services sector saw a steep 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. In the past three months, between May and August 2017, there has been a 26 per cent increase in hiring in the sector.
Media & entertainment (up 33 per cent) witnessed the steepest month-on-month growth among all monitored sectors. The sector witnessed a 35 percent and 36 percent increase in employee demand in the past three-month and six-month respectively.
In production and manufacturing (down 7 per cent), the rate of decline eased to a single-digit fall for the first time since December 2016.
Year-on-year demand in logistic, courier/freight/transportation paced up from 1 per cent in July 2017 to 12 per cent in August 2017.
In the automotive/ancillaries/tyres sector, demand increased by 17 per cent.
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.
“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,” said Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East.