Online hiring activity up 36 percent in August: Monster Index

Online hiring activity in India registered a 36 per cent rise in August, the highest so far this year, signalling optimism in the job market, says a survey. Monster.com's employment index, a monthly gauge of the country's online job demand, rose by 55 points to 208 in August this year, from 153 in the same period last year.

"The ongoing momentum is reflecting as an upswing in the current Monster Employment Index," Monster.com (India/ Middle- East/Hong Kong/South East Asia) Managing Director Sanjay Modi said. "MEI shows a significant 36 per cent rise in the overall hiring, highest in 2015 so far," he added.

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The index witnessed an uptrend on a month-on-month basis as well, with August seeing an increase of 4 points from 204 points in July. Sector-wise, e-recruitment activity surpassed the corresponding period a year ago in 23 industry sectors out of the 27 monitored by the index.

Production and manufacturing was the fastest growing sector (up 86 per cent), followed by banking/financial services and insurance (up 69 per cent). Meanwhile, of the 13 occupation groups monitored by the index, 12 recorded a growth in online demand.

There is a growing demand for professionals at the senior management level. The group has registered the steepest long-term growth rate among all job roles in August, up by 76 per cent. "There still seems to be optimism within the job market and it has grown despite the uncertainties compared to other economies.

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The government must take a mid to long-term view and swing into action. It is time to look into much required reforms and also capital infusion into infrastructure lest it may result in a slowdown," Modi added.

City-wise, all 13 cities monitored by the index charted positive online hiring trend on an annual basis. Baroda registered the most notable improvement (82 per cent), followed by Pune (49 per cent) and Mumbai (46 per cent).

Source PTI