Hiring up 16% YoY in January: Survey

NEW DELHI: Good news for the job market. Online recruitment activities in the month of January 2018 registered 16% year-on-year growth, according to the Monster Employment Index, up from 12% in January 2018.

Among job intensive sectors, production and manufacturing (up 59%) has been one of the most active industry sectors with 11% increase in e-recruitment between January and February. The sector also recorded the highest growth since December 2015. The growth rate of production and manufacturing matched that of the home appliances (up 59%) which continue to lead the year-on-year growth chart, however, for the first time the year-on-year growth momentum in the sector slowed in the past three months.

Year-on-year demand in Banking/ Financial Services, Insurance (up 34%) moderated between January and February. Online demand in retail (up 13%) picked up and the sector saw a 24% increase in demand on a month-on-month basis; the steepest growth among all monitored sectors. The year-on-year growth rate in IT - hardware, software (up 22%) lingered at the same level as January 2018.


“The online hiring activity continues to sustain an upward growth momentum with Monster Employment Index registering a 16 percent year-on-year growth in February 2018. Moreover, online recruitment in Retail picked up after three months, which is a significant improvement from no growth in the sector in November 2017 and negative growth in December and January,” Abhijeet Mukherjee, CEO, Monster.com- APAC & Gulf said.

“The job market looks positive with hiring trends moving positively in February. Globalization, technological advancement and demographics are constantly re-shaping the fundamental nature of work and focus remains on re-skilling and upskilling employees in order to be prepared for the dynamism.” he added.