Monster Employment Index India rises 17% on the Year

Monster Employment Index marked the sixth month of positive and robust growth in June 2014. The business friendly and stable government has brought in a new ray of hope across sectors. Increased thrust on reviving economic growth, boosting the manufacturing sector and creating more employment has led to growth in Indias business confidence. We have seen an incredible upsurge in online recruitment in the NGO/Social Services sector with a remarkable 44 percent growth, year-on-year, having charted restrained growth rates since July 2013. The Home Appliances sector is emerging closely followed by the Media/Entertainment sector. said Sanjay Modi, Managing Director, Monster.com (India/Middle-East/Hong Kong/South East Asia).

• Home Appliance sector exhibits the steepest growth year-on-year. Media/Entertainment slips to the second position

• Automotive/ Ancillaries /Tyres is the only sector to register a negative growth on the year

• Senior Management professionals record the most notable growth in demand yet again

• Bangalore lead all monitored cities by the way of long-term growth followed by Pune and Mumbai

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

Industry Year-over-year Trends: Of the 27 industry sectors monitored by the Index 26 sectors exhibited improved recruitment activity on the year 

• Home Appliance (up 56 percent) supplanted Media & Entertainment (up 53 percent) to lead all industry sectors by the way of long term growth. The sector has exhibited significant growth this year charting double-digit growth rates since January 2014. Monthly recruitment activity remained stagnant at May 2014 level
• Online recruitment improved significantly in the NGO/Social Services sector. The sector registered a remarkable 44 percent growth, year-on-year, having charted restrained growth rates since July 2013
• Online recruitment appears to have rebounded in BPO/ITES (up 26 percent) sector. The sector registered the second positive and double-digit annual growth this month. The growth momentum also improved between May and June 2014. The sector witnessed first contraction in September 2013 which continued through April 2014 with an exception in January 2014
• Almost all prime employment generating sectors exhibited robust recruitment levels year-on-year. Travel and Tourism (up 40 percent); IT - Hardware, Software (up 32 percent); Healthcare, Bio Technology & Life Sciences, Pharmaceuticals (up 27 percent); Production and Manufacturing (up 19 percent); and Banking/ Financial Services, Insurance (up 16 percent) charted double-digit growths and were among the strongest growing sectors
• While the long-term growth momentum continued to improve, Automotive/Ancillaries/Tyres (down two percent) is the only sector to exhibit a negative growth on the year 

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

• There continues to be a greater demand for Senior Management professionals. The group saw a 51 percent growth in demand between June 2013 and 2014. There were, however, fewer opportunities on the month. Online demand (month-on-month) eased an additional four percent in June 2014 
• Marketing & Communication continues to trend on an upward growth path. The pace of long-term growth improved five percentage points from 44 percent in May 2014 to 49 percent in June 2014
• Customer Service (up 23 percent) and Arts/Creative (up 15 percent) professionals registered a positive growth on the year for the second month in succession. Online demand for Engineering /Production (up five percent) even though positive is the most restricted among all occupation groups even this month

Geographic year-over-year Trends: Online opportunities exceeded the year-ago level in 12 of the 13 cities monitored by the Index.

• Bangalore (up 34 percent) continues to lead all monitored cities by the way of long-term growth for the sixth month in succession. The growth momentum, nevertheless, eased marginally between May and June 2014. The city witnessed very modest growth in online recruitment on the month while recruitment levels were much lower than that witnessed three months ago
• Online recruitment surpassed the year-ago level by robust amounts in all major job markets even in June. Mumbai ranked among the top five registering a 24 percent growth on the year. Delhi-NCR; Hyderabad; and Chennai recorded 22 percent, 16 percent and 17 percent growth respectively. It is to be noted that except Mumbai and Delhi-NCR, online hiring eased from the three-month ago level in all major markets
• Year-on-year, online recruitment in Kolkata even though positive has been constantly moderating since February 2014. Hiring activity in the city this month was three percent above that in the corresponding period a year-ago; the most restrained annual growth rate among all monitored cities. Jaipur (down two percent) was the only city to chart a negative annual growth rate