Online hiring activity grew 10% in Nov: Monster Index

Dec 19 2012, 15:58 IST
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Rise in online hiring. (Thinkstock) Rise in online hiring. (Thinkstock)
SummaryThe rise signalling the ongoing confidence by Indian businesses in the economy.

Despite a month-on-month decline, online hiring activity in India registered a 10 per cent rise during November from the year ago period, signalling the ongoing confidence by Indian businesses in the economy, says a survey.

The Monster.com's employment index, a monthly gauge of the country's online job demand, rose by 12 points (up 10 per cent) to 129 in November this year from 117 in the same period a year ago.

"The Monster Employment Index India is carrying slightly less upward momentum than in October, but double digit gains on the year signal ongoing confidence by Indian businesses in the current economy," Monster.com (India/ Middle- East/ South East Asia) Managing Director Sanjay Modi said.

On a month to month basis however, the index witnessed a decline after two consecutive months of improvement in online hiring activity as the month of November saw a fall of six points from 136 points in October.

A sectoral analysis showed that 16 of the 27 industry sectors monitored by the Monster Employment Index registered expansion in online recruitment activity between November 2011 and the same month this year.

"Sectors like Engineering, Construction, Education, Auto, Healthcare have shown positive annual growth," Modi added.

The employment index is an indicator of monthly online demand for jobs. It is based on a real time review of job opportunities culled from a large, representative selection of online career outlets, including Monster India.

Online demand improved in eight of 13 occupational groups monitored by the Monster Employment Index between November 2011 and November this year.

Arts/Creative field registered the most substantial annual gains amongst the occupational groups (up 28 per cent) followed by Legal (up 14 per cent). Meanwhile, finance & accounts exhibited the steepest annual decline among occupation groups (down eight per cent).

Online recruitment activity was up on the year for 12 of the 13 locations monitored by the index. Kochi, at 35 per growth followed by Jaipur (up 27 per cent) were the leaders in the chart.

Among major metro-areas, Bangalore and Hyderabad (up 14 per cent) registered the highest annual growth, while, Delhi-NCR (down 3 per cent) exhibited steepest annual decline amongst occupational groups, the report said.

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