Online recruitment activities register 11% increase in June: Report

Views: 21

New Delhi, July 13 (IANS) Online recruitment activities in the month of June registered 11 per cent year-on-year growth, led by banking, financial services and insurance (BFSI) sector, according to a report.

“India is on the brink of a major transformation owing to several economic reforms and digital disruption over the last few months. The Monster Employment Index for June has captured this sentiment reporting 11 per cent year-on-year growth.

“It was majorly driven by BFSI sector, making Mumbai (up 15 per cent) the only metro to have exhibited a double-digit annual growth,” Sanjay Modi, Managing Director,, Asia Pacific and Middle-East, said.

The implementation of Goods and Service Tax (GST) was a progressive step and was likely to have an encouraging impact on the job market nudging the overall growth, he said.

ALSO READ:   State firm for mining unviable, says Goa CM

“Among top growth sectors, BFSI-led long-term growth chart with a 44 per cent year-on-year growth, followed by home appliances (up 34 per cent). The consumer goods/ fast-moving consumer goods (FMCG), food and packaged food industry witnessed a surge of 33 per cent in June 2017 from 27 per cent in May 2017,”’s employment index, a monthly gauge of the country’s online job demand, noted.

City-wise data shows that among metros, Kolkata (up 40 per cent) continued to lead the long-term growth even in June 2017.

Mumbai (up 15 per cent) was the only city to exhibit double-digit annual growth, Hyderabad at 5 per cent, Bangalore was up by 3 per cent, while annual growth trend in Chennai (down 12 per cent) exhibited the steepest decline.

ALSO READ:   New Samsung 4K QLED TVs to be in India by May-end

“Online hiring activity in Delhi-NCR matched the year-ago level. Baroda (up 36 per cent) followed by Ahmedabad (up 20 per cent) recorded the steepest year-on-year growth,” the report said.



Comments: 0

Your email address will not be published. Required fields are marked with *