Home appliances, social sector lead online hiring growth in Aug: Monster

Kolkata, Vadodara, Ahmedabad top year-on-year job growth in latest monthly index

Online recruitment activity posted double-digit growth for the third consecutive month in August 2017, up 14 per cent year-on-year, according to the latest Monster Employment Index.

The growth was led by industries such as home appliances at 54 per cent, followed NGO and social services at 38 per cent and BFSI at 35 per cent. On the other hand, industries like BPO/ITeS (minus 20 per cent), Govt/PSU (minus 17 per cent) and import/export (minus 14 per cent) saw a decline in recruitment activity.

As per the Monster Employment Index, y-o-y growth in online recruitment activity has grown in double digits for last three months at 10.9 per cent in June, 12.75 per cent in July and 14.44 per cent in August 2017.

In terms of occupations or roles, online demand exceeded the year-ago level in twelve of the 13 occupation groups monitored by the Index. Year-on-year, Sales & Business Development professionals saw further increase in demand; up from 29 per cent in July 2017 to 35 per cent in August 2017. Month-on-month demand increased by three per cent and surpassed the three-month and six-month level by 11 per cent and 18 per cent respectively.

Engineering /production (up 32 percent); software, hardware, telecom (up 28 per cent); finance & accounts (up 20 per cent) were next in the rung as the most sought after job roles.

City-wise data showed that among metros, Kolkata (up 46 per cent) continued to lead the long-term growth even in August 2017. Mumbai (up 11 per cent) was the only tier-I city to exhibit double-digit annual growth followed by Hyderabad (up 8 per cent) and Bangalore (up 4 per cent), while the annual growth trend in Delhi-NCR (down one per cent) hovered below the year-ago level in August 2017. Chennai (up one per cent) recovered marginally following negative growth since April 2017. Among tier 2 cities, Vadodara (up 25 per cent) followed by Ahmedabad (up 18 per cent) saw improvement in the annual growth rate between July and August 2017.

According to Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East the Index was reflective of improved jobs scenario in the country.

"The overall market however, continues to be dynamic owing to various socio-economic factors and technological revolution. 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 for reasonable job growth is going to take some time," he added.

Top Growth Industries				Lowest Growth Industries
Industry	Aug 2016	Aug 2017	% growth	Industry	Aug 2016	Aug 2017	% growth
Home Appliances	284	436	54	Textiles/Leather/Gems & Jewellery	153	149	-3
NGO/Social Services	182	252	38	Production/Manufacturing	148	138	-7
BFSI	241	325	35	Import/Export	111	96	-14
FMCG	181	243	34	Govt/PSU	108	90	-17
Telecom/ISP	186	249	34	BPO/ITeS	276	222	-20
Growth figures are year-on-year				Growth figures are year-on-year

Top Growth Occupations				Lowest Growth Occupations
Occupation	Aug 2016	Aug 2017	% growth	Occupation	Aug 2016	Aug 2017	% growth
Sales/Business Development	265	357	35	Hospitality & Travel	201	221	10
Engineering/Production	168	222	32	Senior Management	217	236	9
Software/Hardware/Telecom	280	357	28	HR & Admin	178	193	8
Finance & Accounts	186	223	20	Healthcare	316	338	7
Customer Service	246	284	15	Legal	243	243	0
Growth figures are year-on-year				Growth figures are year-on-year

Top Growth Cities				Lowest Growth Cities
City	Aug 2016	Aug 2017	% growth	City	Aug 2016	Aug 2017	% growth
Kolkata	239	349	46	Bangalore	331	344	4
Baroda	214	267	25	Chennai	242	244	1
Ahmedabad	280	330	18	Kochi	279	281	1
Coimbatore	253	288	14	Chandigarh	284	283	0
Mumbai	285	316	11	Delhi-NCR	245	243	-1
Growth figures are year-on-year				Growth figures are year-on-year