Of the 27 sectors monitored by the Index, 20 sectors saw growth in online opportunities from 2014.
The Monster Employment Index recorded the highest growth for 2015 with a 32 per cent increase in the online job opportunities. While the hiring momentum continued to scale up, the overall job market in India witnessed more stability, especially in sectors like BFSI (73 per cent), production and manufacturing (72 per cent) and automation. “With an improving economy, Government’s several initiatives like Make in India, and plans to create 100 smart cities, job opportunities were stimulated. The job scenario was optimistic with organisations hiring aggressively, contributing to the overall momentum, making India job ready,” Sanjay Modi, MD, Monster.com (India/Middle-East/South-East Asia/Hong Kong) says.
Banking/ Financial Services, Insurance: Were top gainers, up by 73 per cent. But online recruitment in the sector eased mid-year.
Manufacturing and commerce sector: Saw a steady growth; up by 72 per cent. It was the second highest in terms of year-on-year growth.
IT (Hardware, Software): Continued to be 51 per cent higher than in July 2014 the pace of growth has eased significantly between June and July 2015.
Oil/Gas/Petroleum, Power: Saw a significant improvement in the pace of growth; up from negative 24 per cent in June 2015 to negative 11 per cent in July 2015. The three-month and six-month growth rate were also positive. E-recruitment in the sector was recovering.
Government/ PSU/ Defence: It was down 12 per cent exhibiting the steepest year-on-year decline among all industry sectors.
The Monster Employment Index also monitored 13 cities and charted a positive online hiring trend on an annual basis.
Baroda (up 55 per cent) followed by Pune (up 43 per cent) led all cities charting the steepest annual growth. The year-on-year growth momentum improved significantly for both between June and July 2015. Baroda’s annual growth rate was also the steepest.
Mumbai and Bangalore were next in the rung, charting a 39 per cent growth each, year-on-year. Mumbai had been witnessing progressive improvement in the pace of growth since March 2015. The long term-growth momentum eased marginally in case of Bangalore in the month of June-July.
The year-on-year growth momentum advanced in Delhi-NCR (up 27 per cent); Hyderabad (up 37 per cent); and Chennai (up 30 per cent) as well between June and July 2015.