Online hiring up 25 pct in July: Monster.com

Aug 05 2014, 15:48 IST
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SummaryThe Monster.com employment index, rose 31 pts to 154 in July from 123 pts in the same month a year ago.

Online hiring activity grew 25 per cent year-on-year in July, registering the highest pace of growth this year, and the bullishness is expected to grow further in the coming months, says a survey.

The Monster.com employment index, rose 31 points to 154 in July from 123 points in the same month a year ago, up 25 per cent.

On a month on month basis, it registered a one point increase in July. Online hiring activity registered seventh month of expansion in a row in July.

"Monster Employment Index continues to indicate that online hiring is on an upsurge. July has witnessed the highest growth of 25 per cent breaking all records in 2014," Monster.com Managing Director, (India/Middle-East/Hong Kong/South East Asia), Sanjay Modi said.

Modi further said that the trend is expected to carry on in the coming months as the economy rebounds.

Year-on-year basis, online recruitment activity improved in 24 industry sectors out of 27 being monitored.

Home Appliance continued to lead all monitored industry sectors by the way of long-term growth as recruitment activity climbed 69 per cent above July 2013, closely followed by the media and entertainment sector with 63 per cent growth in online opportunities on a year-on-year basis.

Meanwhile, online demand expanded in 12 of the 13 occupation groups monitored by the Index. Demand continued to escalate for the Senior Management professionals.

A city-wise analysis shows, online opportunities exceeded the year-ago level in all 13 cities monitored by the Index.

Year-on-year, Baroda registered the steepest growth in online recruitment activity among all cities monitored by the Index, while Jaipur exhibited the most restrained but positive annual growth following a month of slump.

Among major cities, Bangalore ranked at the top in terms of increase in online hiring between July 2013 and 2014.

Year-on-year, Mumbai, Delhi-NCR, Hyderabad and Chennai registered 32 per cent, 27 per cent, 20 per cent and 32 per cent growth respectively, the report said.

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