 "Good news: Online hiring in India grew 14% in August, shows Monster report")
The Monster Employment Index for August stood at 279, a 14% jump over the same period a year ago when it stood at 244. The August index registered a slight improvement from 274 in July.
"While sectors such as home appliances, BFSI and FMCG continue to exhibit growth, other sectors such as real estate, retail, BPO-IT, production and manufacturing await revival. The overall market, however, continues to be dynamic owing to various socio-economic factors and technological revolution," Sanjay Modi, MD, APAC and Middle-East, Monster.com, said.
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Amid the festive season, the home appliances sector leads the hiring chart with a 54% year-on-year growth in August. Online hiring in banking, financial services and insurance (BFSI) grew 35% in August from a year ago.
He noted that the "new GST tax regime is expected to have a positive impact on ease of doing business, thereby making it conducive for foreign investors and companies. The job market also is looking forward to a boost, however, its impact on reasonable job growth is going to take some time".
The report further stated that online demand exceeded the year-ago level in 12 of the 13 occupation groups monitored by the index.
Sales and business development professionals saw further increase in demand — up 35% (y-o-y) in August, from 29% in July. Other most sought-after job roles include engineering/production (up 32%); software, hardware, telecom (28%) and finance and accounts (up 20%).
Among tier-I cities, Kolkata saw the maximum hiring (up 46%) in August, followed by Mumbai (11%), Hyderabad (8%) and Bengaluru (4%).The annual growth trend in Delhi-NCR (down 1%) hovered below the year-ago level in August, the report added.