Online hiring drops 5 pc in Aug: Monster survey

Monster employment index fell by six points

PTI | September 10, 2010



For the second month in a row, Corporate India's online hiring activity fell by five per cent in August, mainly due to less hiring in investment-led sectors like manufacturing, engineering & construction, said a survey.

The Monster's Employment Index, a monthly gauge of the country's online job demand, declined by six points to 123 in August, as against 129 in July, said recruitment services firm Monster India in a survey.

"Monster Employment Index India has shown some slowdown in recruitment activity this summer, notably in investment-led industries, such as production/manufacturing, engineering, construction, iron and steel," Monster.com Managing Director (India/ Middle East/ South East Asia) Sanjay Modi said.

"However, the longer-term trend still reflects expansion, with the Index showing growth of 14 per cent over the past six months," Modi added.

Five of the 27 industry sectors monitored by the index saw positive hiring activity last month.

Online job demand in the BPO/ITes sector dropped five per cent between July and August, its first monthly drop observed since January this year.

Production and manufacturing sector noted the steepest month-on-month decline of 28 per cent in August.

The related engineering, cement, construction, iron/steel industry, exhibiting one of the sturdiest six-month growth rates, also slid three per cent in August from July.

Online recruitment activity in banking, finance and insurance exhibited the steepest six-month decline among the professional service sectors as it continued to fall in August.

Education, one of the most steadily growing industry sectors, witnessed its sharpest decline of 23 per cent in August, the report stated.

Among cities, just five in 13 locations saw an increase in online job opportunities in the reviewed month.

Mumbai, Chennai (six per cent each) followed by Hyderabad (five per cent) led all major metropolitan markets by measure of monthly rise in job opportunities in August.

Delhi-NCR and Bangalore saw a decline in online job demand of three per cent and one per cent, respectively in August.

 

Comments

 

Other News

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter