Source | MoneyControl
Online recruitment activity expanded by 9 percent 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 percent rise over the corresponding period last year.
On a month-on-month basis, the index, however, witnessed a decline of 3.61 percent. 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 percent) led all monitored industry sectors. City-wise data showed metros taking a lead with Kolkata showing the steepest growth (up 24 percent) closely followed by Ahmedabad (up 21 percent).
Among the tier-II towns, Coimbatore (up 17 percent) and Chandigarh (up 13 percent) 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 percent), while Delhi and Ahmedabad are up by 18 percent and 21 percent respectively,” Modi said.