Online hiring activity registered 16 per cent growth year-on-year in October on the back of government’s continued focus on job creation and the outlook for the job market looks bullish, says a Monster.com report.
The government’s increased thrust on investment and continued focus on job creation in India gives the sense of an improving job market scenario in the coming months.
The Monster Employment Index for October stood at 144, registering a 16 per cent jump over the same period a year ago, when the index level was at 124.
“With the government’s increased thrust on investment, clearance of infrastructure and defence projects combined with some strong policy decisions has definitely improved the overall business confidence. This in turn has generated hope in the job market,” Monster.com (India/Middle- East/South East Asia/Hong Kong) Managing Director Sanjay Modi said.
As per the report, there has been a constant positive annual growth in the BPO/ITES industry and Bangalore is the top city in terms of growth in employment generation in the country.
“The government’s continued focus on job creation in India gives a sense of an improving job market scenario in coming months,” Modi said.
Industry-wise online recruitment activity increased in 13 of the 27 industry sectors monitored by the Index between October 2013 and 2014.
Occupation-wise, 12 of the 13 occupation groups monitored by the Index exhibited improved online demand.
Senior management witnessed the strongest long-term growth in demand.
In terms of cities, online opportunities exceeded the year-ago level in 11 of the 13 cities monitored by the Index even this month.
However, Coimbatore and Jaipur are the only cities to exhibit fewer opportunities in October, the report added.