Online recruitment activities in the month of July 2017 registered 13 per cent year-on-year growth, according to the Monster Employment Index. This is the highest growth recorded this year.
Among top growth sectors, Banking/Financial Services, Insurance (BFSI) continue to exhibit long-term growth chart with a 43 per cent year-on-year. Month-on-month, demand in the BFSI sector moved up by marginal one percent in July 2017. This was followed by Consumer Goods/FMCG, Food & Packaged Food which witnessed a surge of 34 per cent in July 2017 from 33 percent in June 2017.
City-wise data shows that among metros, Kolkata (up 45 per cent) continued to lead the long-term growth even in June 2017. Mumbai (up 12 per cent) was the only tier-I city to exhibit double-digit annual growth followed by Hyderabad (up 6 per cent).
The annual growth trend in Delhi-NCR (down 4 per cent) exhibited the steepest decline. Chennai (down 2 per cent) continued to hover below the corresponding period a year ago, while Bangalore (up 3 per cent) continued to grow at the same annual growth rate as June 2017. Baroda (up 33 per cent) followed by Ahmedabad (up 16 per cent) recorded some of the steepest year-on-year growth.
Commenting on the trends, Sanjay Modi, managing director, monster.com, APAC & Middle-East said: “India is on the verge of transformation due to digital disruption and implementation of GST as a major economic reform. This has led to a positive trend in online recruitment activity. Our Index for July has captured this sentiment and reported an uptrend of 13 percent y-o-y growth in hiring, the highest recorded this year.”