Resent report released by global employment platform, Monster.com revealed a 24 percent jump in November online recruitment activity in India. Accordingly, this figure is the highest this year, as the impact of demonetisation and bottomed out GST.
The Monster Employment Index for November stood at 297, indicating an increase of 24 percent over the year-ago period when it stood at 240. Month-on-month index is also showing improvement, as the hiring activity rose 5.69 percent in November.
Regarding to this finding, Managing Director of Monster.com for APAC and Middle-East Sanjay, Modi said that the drive towards improving macroeconomic fundamentals and the slowdown in the economy owing to demonetisation and the adjustment impact of GST implementation seems to be bottoming out. Such condition has placed India on an upward curve, The India Times reports.
Talent demands through online recruitment have surpassed the year-ago level in 21 of the total 27 industry sectors observed by the Index. According to the survey, home appliances continued to lead the long-term growth chart with 72 percent year-on-year growth among other monitored industry fields. Additionally, all the 13 occupation groups also demonstrated increased demand based year-on-year index.
City-based data showed that there has been improvement in online recruitment activity. For example, with 51 percent jump, Kolkata was recorded as the most notable annual growth rate among all monitored cities. Following in the list and witnessing positive growth in the year were Baroda (up 46 percent), Bangalore (up 16 percent), Chennai (up 13 percent), and Delhi-NCR (up 6 percent).
Mr Modi commented that the interesting thing to observe is that tier II markets were previsouly seen outpacing metros in terms of online hiring. However, in November the report indicated a significant surge in demand in key metros such as Kolkata, Mumbai, and Chennai.
He further added that “another noteworthy development has been in the IT sector, where the recruitment has displayed a positive growth and showcases an optimistic scenario from a long-term perspective and recovery of the sector.”