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Monster Employment Index- September

MediaInfoline October 18, 2016
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Online recruitment activities in the month of September 2016 registered a y-o-y growth of 10 percent, according to the Monster Employment Index. A month prior to the festive season hustle, the BPO sector (up 49 percent) along with the logistics industry (up by 32 percent) and Customer service professionals (up 66 percent) witnessed a significant increase in online hiring.

The education sector (up by 67 percent) has maintained a lead in the past few months, over other monitored industries.

City-wise data shows a steep growth for tier-II cities with Jaipur (up 30 percent) followed by Ahmedabad (up 29 percent) steering ahead of metros such as Delhi (up by 26 percent) and Mumbai (up by 23 percent).

Among industries, Production and Manufacturing (down 18 percent) and IT moderated from 44 percent in August 2016 to 31 percent in September. These two key industries continue to remain in the slump despite of rigorous government campaigns such as Digital India and Make in India.

Commenting on the trends, Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East said, “On the back of the expectations from the festive season, MEI for September shows significant hiring growth in the BPO and the logistics sectors as well as in the hiring of customer service professionals. Gearing up to support the demand expected from the festive season upsurge, the e-commerce sector has equipped itself with short-term workforce to strengthen its delivery mechanism as well as handling of customer service queries. Another noteworthy development has been in the Travel and Tourism sector where the e-recruitment has declined by eight percent (Y-o-Y) for the first time since December 2013. This drop can be attributed to lack of initiatives to promote Indian tourism in the overseas markets. This is further compounded by the other factors– safety of travellers and the outbreak of diseases such as dengue and chikungunya.

He further added, “Tier-II markets continue to outperform the metros; Jaipur (up 30 percent) followed by Ahmedabad (up 29 percent) recorded the highest growth. The top metros such as Delhi (up by 26 percent) and Mumbai (up by 23 percent) are yet to enter the top recruiter’s race.”

Monster Employment Index India results for the past 18 months are as follows:

Apr

15

May

15

Jun

15

Jul

15

Aug

15

Sep

15

Oct

15

Nov

15

Dec

15

Jan

16

Feb

16

Mar

16

Apr

16

May

16

Jun

16

Jul

16

Aug

16

Sep

16

Y-O-Y
191 191 202 204 208 223 230 220 231 229 239 252 244 242 237 243 244 246 10%

 

Industry Year-over-year Trends: 18 industries out of the 27 monitored by the Index registered a positive year-on-year growth

  • Education (up 67 percent) continued as the leading sector despite marginal slowdown in the pace of long-term growth rate vis-s-vis August 2016 (up by 68 percent)
  • BPO/ITES sector (up 49 percent) recorded the second highest growth on the year among all monitored industry sectors as the rate of growth improved three points between August and September 2016. Hiring activity in sector has picked up in the past months. The sector registered a 22 percent growth between June and September 2016
  • Online recruitment activity in the IT – Hardware, Software has slowed significantly. The long term-growth momentum in IT – Hardware, Software moderated from 44 percent in August 2016 to 31 percent in September 2016. The sector has registered no growth in e-recruitment activity on a month-on-month basis since August 2016. Online opportunities slipped below the six-month ago (March 2016) by one percent
  • E-recruitment in Travel and Tourism has taken a hit as well. The year-on-year growth rate (down eight percent) is negative for the first time since December 2013. All other parameters exhibit a similar downtrend; negative 10 percent on a six-month basis, no growth on a three-month basis and negative two percent month-on-month
  • Production and Manufacturing (down 18 percent) continued to chart the steepest annual decline among all monitored industry sectors
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