India Records 14% Rise in Online Recruitment
Online hiring activity in India registered a 14% growth in March on a year-on-year basis, signaling a positive hiring outlook for the current year. The Monster.Com employment index, a monthly benchmark of the country’s online job demand, showed that online recruitment activity rose by 18 points (14%) from the same period last year, signaling that employers are optimistic about this trend.
Sector wise, the IT-hardware and software leads the pack with a sharp rise of 33% in all industry sectors in terms of annual growth. Software, hardware, telecom and web-based communications professionals witnessed significantly improved demand levels. Experts note the positive IT hiring outlook shows that India is becoming a global hub for HR sourcing in the coming years with IT sector clearly leading the way. Moreover, another component of IT, the Web or online recruitment is gaining momentum in the country and the trend will rapidly rise in the coming years.
Of the other sectors, travel and tourism hiring rose by 32%, followed by production and manufacturing by 32%, healthcare, bio technology, life sciences, pharmaceuticals by 30% and home appliances by 28%. Automotive, ancillary and tyres saw a reduction by 13% and registered the most notable decline by month as well as by year.
“Monster Employment Index has been maintaining resolute growth rates in the last three months in succession in 2014. This re-affirms a positive hiring outlook for the current year,” Sanjay Modi, Managing Director, India/ME/SE Asia, Monster.com said in a press release.
Meanwhile, online hiring expanded in 10 out of the 13 occupation groups monitored by the Index. There is a greater online hiring demand at the Senior Management level in March yet again.
A city-wise analysis shows that Bangalore continues to lead all monitored cities charting 32% growth in the year. Among the other major job markets, Hyderabad saw an increase of 20% and Delhi-NCR rose by 16% - both recording a double digit annual growth rates. Mumbai and Chennai registered 8% and 7% growth respectively, according to the report.
According to Modi, the growth momentum in the hiring landscape of the country would largely be dependent on the outcome of the general elections as a stable government would further boost current recruitment scenario.
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