Online Hiring in India Record 42% Rise : Coimbatore and Hyderabad are the fastest Growing Online Markets
MEIIndiaJuly10Full Report Final
Online hiring activity by Indian companies has risen around 42 per cent in the first six months this year, led by an upswing in the job market amid improving business confidence, recruitment services firm Monster has said.The Monster Employment Index, a monthly gauge based on a review of employer job opportunities from a large selection of online job sites, climbed by 42 per cent to 135 in June this year as compared to 95 in December
Online hiring by Indian corporate companies dropped by 5 per cent in July despite a six-month strong momentum in the overall job market, says a recent survey by recruitment services firm Monster India.
The Monster’s Employment Index, a monthly gauge of the country’s online job demand, declined by six points to 129 in July as against 135 in June.Online hiring in the IT industry during January-June period registered 66 per cent growth, was the strongest, followed by the sector comprising of engineering, cement, construction, iron and steel, which grew by 48 per cent. The Advertising and Public Relations industry was the worst affected as it declined by around 13 per cent in the first six months.
In the month-on month comparison, the job index edged up by two per cent to 135 in June from 132.During June online employment rose in six of the index’s 27 industry sectors, including education, which grew by nine per cent, followed by online opportunities in production and manufacturing (P&M) sector, which increased by seven per cent.
Banking, finance and insurance sector recorded three per cent growth in June over the previous month.the real estate sector slid by three per cent in June, while maintaining one of the steadiest three and six-month job growth rates at 52 per cent and 47 per cent, respectively.
Twelve out of 13 cities covered in survey registered a decline in online recruitment. Bangalore registered the steepest decline of 11 per cent followed by Kolkata at 10 per cent. Delhi-NCR was the only city where recruitment levels maintained steady in July, the study noted.
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Online job opportunities decline in 12 of the 13 cities between June and July.All 13 cities report positive six-month growth trends for the consecutive monthCoimbatore witnessed the strongest (76 percent) six-month growth among all cities while Hyderabad with 47 percent led the major metropolitan job markets in terms of six-month growth.
