Monster Employment Index India charts up 14% YoY

India Infoline News Service | Mumbai |

Online recruitment activity exceeded the year-ago level in 17 of the 27 industry sectors monitored by the Index

“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. Home appliance and IT are among the top growing sectors, with healthcare, bio technology and life sciences, pharmaceuticals recording the least growth. However, this momentum will be dependent on the outcome of general elections. A stable government will help build and strengthen business confidence; increased investments in core sectors will help drive the economy and shape the recruitment scenario in India.”, said Sanjay Modi, Managing Director, Monster.com (India/Middle- East/South East Asia).





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

Oct 12 Nov 12 Dec 12 Jan
13
Feb
13
Mar 13 Apr
13
May
13
Jun
13
Jul
13
Aug
13
Sep
13
Oct
13
Nov
13
Dec
13
Jan
14
Feb
14
Mar
14
YoY
135 129 136 128 133 133 136 127 131 123 122 120 124 128 135 142 152 151 14%


Industry Year-over-year Trends: Online recruitment activity exceeded the year-ago level in 17 of the 27 industry sectors monitored by the Index


  • Home Appliance (up 34 percent)supplanted IT - Hardware, Software(up 31 percent) to lead all industry sectors by the way of long-term growth. The Home Appliance industry has been charting progressively improving annual growth rates starting January 2014 
  • Production and Manufacturing (up 31 percent) maintained a steadfast growth rate. The sector along with IT - Hardware, Softwareindustry saw the second highest growth in year-on-year recruitment activity
  • Logistic, Courier/ Freight/ Transportation (down 11 percent) continues to chart steep annual decline for the ninth month in succession
  • Online recruitment activity in Automotive/ Ancillaries / Tyres (down eight percent) continues to be lower than that in the corresponding period a year-ago. Nevertheless, the rate of growth improved marginally vis-à-vis February 2014. The sector registered steepest month-on-month growth among all sectors
  • Among industry sectors, Chemicals/ Plastic/ Rubber, Paints, Fertilizer/ Pesticides (down 14 percent) saw the most notable decline in recruitment activity between March 2013 and March 2014


Top Growth Industries Lowest Growth Industries
YoY Growth Mar
13
Mar
14
% Growth
yoy
YoY Growth Mar
13
Mar
14
% Growth yoy
Home Appliances  146 195 34% Automotive/ Ancillaries / Tyres 151 139 -8%
IT - Hardware, Software 141 185 31% Garments/ Textiles/ Leather, Gems &Jewellery 173 159 -8%
Production and Manufacturing 87 114 31% Printing/ Packaging 142 128 -10%
Travel and Tourism 156 203 30% Logistic, Courier/ Freight/ Transportation  155 138 -11%
Healthcare, Bio Technology & Life Sciences, Pharmaceuticals 153 189 24% Chemicals/ Plastic/ Rubber, Paints, Fertilizer/ Pesticides 134 115 -14%


Occupation Year-over-year Trends:Online demand expanded in 10 out of the 13 occupation groups monitored by the Index.


  • Online demandexpands the most at the Senior Management (up 46 percent) level in March yet again
  • Software, Hardware, TelecomandMarketing & Communicationsprofessionals witnessed significantly improved demand levels vis-à-vis March 2013; up 26 percent each
  • Among others, Finance & Accounts; Health Care; and Hospitality & Travel professionals surpassed March 2013 by a notable 20 percent respectively
  • Online demand for Engineering /Productionprofessionalsmatched that of the corresponding period a year-ago
  • Arts/Creative recorded the steepest annual decline among all occupation groups even in March in spite of a nine percentage point improvement in the long-term growth rate; up from -34 percent in February 2014 to -25 percent in March 2014

Top Growth Occupations
Lowest Growth Occupations
YoY Growth Mar
13
Mar
14
% Growth
Yoy

YoY Growth Mar
13
Mar
14
% Growth Yoy
Senior Management 72 105 46%
Sales & Business Development 142 149 5%
Legal 145 184 27%
Purchase/ Logistics/ Supply Chain 131 136 4%
Software, Hardware, Telecom 119 150 26%
Engineering /Production 116 116 0%
Marketing & Communications 104 131 26%
Customer Service 147 142 -3%
Finance & Accounts 103 124 20%
Arts/Creative 142 107 -25%

Geographic year-over-year Trends: Online opportunities exceeded the year-ago level in 9 of the 13 cities monitored by the Index.


  • Bangalore continues to lead all monitored cities charting 32 percent growth on the year

  • Among the major job markets, Hyderabad (up 20 percent) and Delhi-NCR (up 16 percent) also recorded double digit annual growth rates. While Mumbai and Chennai registered eight percent and seven percent growth respectively

  • Online recruitment activity eased in Chandigarh (down six percent) for the first time since September 2013

  • Online recruitment activity in Jaipur (down 11 percent) slipped below the year-ago level.Baroda (down 12 percent) recorded the most notable annual growth yet again


Top Growth Cities Lowest Growth Cities
YoY Growth Mar
13
Mar
14
% Growth
Y-o-y
YoY Growth Mar
13
Mar
14
% Growth Y-o-y
Bangalore 157 207 32% Kochi 159 163 3%
Hyderabad 136 163 20% Chandigarh 159 149 -6%
Pune 135 158 17% Coimbatore 152 139 -9%
Delhi-NCR 137 159 16% Jaipur 169 150 -11%
Ahmedabad 132 151 14% Baroda 145 127 -12%


 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.