Online hiring in banking and finance registers 30 per cent Y-o-Y growth

Online recruitment activities in September registered a year-on-year (Y-o-Y) growth of 17 per cent, according to the latest Monster Employment Index. The banking and finance sector (BFSI), which is undergoing a series of reforms, has shown a positive online hiring trend this month with a Y-o-Y growth figure of 30 per cent. The education sector continues to chart a long-term growth owing to special impetus by the government since Budget 2016.

At the occupational level, online demand for customer services professionals and health care professionals suggested improved Y-o-Y growth numbers of 46 per cent and 38 per cent respectively. City-wise data paints a positive picture for Tier-II cities as Chandigarh (up by 36 per cent), Jaipur (up by 34 per cent) and Coimbatore (up by 29 per cent) show an uptrend in the Y-o-Y growth chart. Sanjay Modi, managing director, Monster.com, APAC and Middle-East said, "The month has been challenging in terms of job opportunities for the Indian market owing to a continued slump in usual employment generating sectors - IT and production and manufacturing. However, BFSI was able to hold its ground in this bearish atmosphere as the sector has been going through a complete metamorphosis."