Online recruitment activities in the month of June registered 11 percent year-on-year growth, led by banking, financial services and insurance (BFSI) sector, according to a report. 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
“India is on the brink of a major transformation owing to several economic reforms and digital disruption over the last few months. The Monster Employment Index for June has captured this sentiment reporting 11 percent year-on-year growth. “It was majorly driven by BFSI sector, making Mumbai (up 15 percent) the only metro to have exhibited a double-digit annual growth,” Sanjay Modi, Managing Director, Monster.com, Asia Pacific and Middle-East, said.
The implementation of Goods and Service Tax (GST) was a progressive step and was likely to have an encouraging impact on the job market nudging the overall growth, he said.
“Among top growth sectors, BFSI-led long-term growth chart with a 44 percent year-on-year growth, followed by home appliances (up 34 percent). The consumer goods/ fast-moving consumer goods (FMCG), food and packaged food industry witnessed a surge of 33 percent in June 2017 from 27 percent in May 2017,” Monster.com`s employment index, a monthly gauge of the country`s online job demand, noted. ALOS READ: Online hiring up by 11% in January 2017: Report
City-wise data shows that among metros, Kolkata (up 40 percent) continued to lead the long-term growth even in June 2017. Mumbai (up 15 percent) was the only city to exhibit double-digit annual growth, Hyderabad at 5 percent, Bangalore was up by 3 percent, while annual growth trend in Chennai (down 12 percent) exhibited the steepest decline.
“Online hiring activity in Delhi-NCR matched the year-ago level. Baroda (up 36 percent) followed by Ahmedabad (up 20 percent) recorded the steepest year-on-year growth,” the report said.