Online recruitment activity in the country registered an 11% jump in January, led by strong growth in sectors like banking, financial services and insurance, says a report. The Monster Employment Index for January stood at 254 points, up 11% over the corresponding month a year ago. Also Read - Ola to offer free oxygen concentrators to the needyAlso Read - Safer Internet Day 2021: Here's how you can ensure your online security
However, on a month-on-month basis the index witnessed a decline of 1.16%. It stood at 257 points in December 2016. In January, banking/financial services, insurance led the long-term chart with a 54% growth as against 40% in December 2016. The sector is undergoing a massive change fuelled by an increased focus on better customer services and the movement towards providing digital services owing to demonetization.
“Hiring activity for the last two months was primarily driven by industries such as banking/financial services, insurance, and education,” Monster.com managing director APAC & Middle-East Sanjay Modi said.
Modi further noted “demonetization has disrupted the job market impacting sectors like real estate, retail, e-commerce, etc. However, this focus on digitzation is expected to boost job creation in the economy”. Of the 27 industry sectors monitored by the index, online recruitment activity exceeded the year-ago level in 24 industries and in terms of professions, online demand exceeded the year-ago level in nine of the 13 occupation groups monitored by the index. ALSO READ: Indian Railways conducting world s largest online test for 18,000 vacancies
In terms of cities, e-recruitment activity exceeded the year-ago level in 12 of the 13 cities monitored by the Index. Coimbatore moved up the growth ladder in January to 20% from a 14% year-on-year growth in December 2016. This was closely followed by Ahmedabad (up 17%) and Kolkata (up 15%) in January, the report said.
The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India.
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