Online hiring activity sees 9 per cent growth in November: Monster.com

By: |
New Delhi | December 08, 2016 2:28 PM

Online recruitment activity expanded by 9 per cent year-on-year in November, largely driven by hiring in the Government/PSU/Defence sectors, says a report.

jobs-lThe growth in production and manufacturing sector further declined in November owing to the surprise announcement of demonetisation of high currency notes causing notable problems for manufacturers. (Source: IE)

Online recruitment activity expanded by 9 per cent year-on-year in November, largely driven by hiring in the Government/PSU/Defence sectors, says a report. The Monster Employment Index stood at 240 in November, registering 9 per cent rise over the corresponding period last year. On a month-on-month basis, the index, however, witnessed a decline of 3.61 per cent.

According to the Monster Employment Index, with the ongoing recruitment season in colleges and re-entry of the PSUs for direct recruitment from top engineering colleges, online recruitment in this sector has witnessed a surge.

“The month of November marks the beginning of placement season in many top notch Indian engineering colleges. This is, therefore, reflected in the increased online hiring activities in the PSU sector, which hires top talent of these colleges in significant numbers,” Monster.com Managing Director (APAC & Middle-East) Sanjay Modi said.

The growth in production and manufacturing sector further declined in November owing to the surprise announcement of demonetisation of high currency notes causing notable problems for manufacturers.

Moreover, the IT industry is undergoing a phase of disruption and has witnessed diminishing growth figures for the past couple of months.

Of the 27 industry sectors monitored by the index, 25 sectors witness growth in online hiring activity in November compared to the year-ago period. Education sector (up 58 per cent) led all monitored industry sectors.

City-wise data showed metros taking a lead with Kolkata showing the steepest growth (up 24 per cent) closely followed by Ahmedabad (up 21 per cent). Among the tier-II towns, Coimbatore (up 17 per cent) and Chandigarh (up 13 per cent) have shown significant growth figures.

“As opposed to last few months where Tier-II markets outperformed the metros; the metros have performed significantly well with Kolkata being in the lead (up 24 per cent), while Delhi and Ahmedabad are up by 18 per cent and 21 per cent respectively,” Modi said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Higher incidence of job losses among youngest, oldest employees in second wave: Survey
2Jobs in India: Hiring demand improves in May sequentially by 1 pc, says report
3Companies are adopting remote, flex and hybrid models, transforming their onboarding processes: Kiran Menon, Tydy