Online hiring activity grew 25 percent year-on-year in July, registering the highest pace of growth this year, and the bullishness is expected to grow further in the coming months, says a survey. Also Read - Online hiring activity up 11% in April: Report
The Monster.com employment index, rose 31 points to 154 in July from 123 points in the same month a year ago, up 25 percent. On a month on month basis, it registered a one point increase in July. Online hiring activity registered seventh month of expansion in a row in July. “Monster Employment Index continues to indicate that online hiring is on an upsurge. July has witnessed the highest growth of 25 percent breaking all records in 2014,” Monster.com Managing Director, (India/Middle-East/Hong Kong/South East Asia), Sanjay Modi said. Also Read - Online hiring up by 60 percent in October: Report
Modi further said that the trend is expected to carry on in the coming months as the economy rebounds. Year-on-year basis, online recruitment activity improved in 24 industry sectors out of 27 being monitored. Home Appliance continued to lead all monitored industry sectors by the way of long-term growth as recruitment activity climbed 69 percent above July 2013, closely followed by the media and entertainment sector with 63 per cent growth in online opportunities on a year-on-year basis. Also Read - Online hiring up by 19 percent in December 2014: Monster.com
Meanwhile, online demand expanded in 12 of the 13 occupation groups monitored by the Index. Demand continued to escalate for the Senior Management professionals. A city-wise analysis shows, online opportunities exceeded the year-ago level in all 13 cities monitored by the Index. Year-on-year, Baroda registered the steepest growth in online recruitment activity among all cities monitored by the Index, while Jaipur exhibited the most restrained but positive annual growth following a month of slump.
Among major cities, Bangalore ranked at the top in terms of increase in online hiring between July 2013 and 2014. Year-on-year, Mumbai, Delhi-NCR, Hyderabad and Chennai registered 32 percent, 27 percent, 20 percent and 32 percent growth respectively, the report said.