Bringing cheer for job seekers, there has been a 60 per cent increase in online recruitment, led by sectors such as production and manufacturing, banking, financial services and insurance, according to the Monster Employment Index for the month of October.
“Hiring activity was led by the production and manufacturing sector. It has more than doubled in the past one year with a 112 per cent growth in opportunities year-on-year, making it the steepest among industries. This growth therefore complements the focus towards building the manufacturing space in the country,” Sanjay Modi, Managing Director, Monster.com (India, Middle East, South East Asia and Hong Kong), said.
Recruitment activity in the banking, financial services, and insurance sector grew 96 per cent in October 2015 against the corresponding month last year. Overall, recruitment activity has improved in 25 of the 27 industry sectors monitored by the index on an annual basis.
While the IT-hardware, software sector saw 84 per cent growth in hiring, online recruitment in Government/ PSU/ Defence was down two per cent. Hiring in oil and gas, petroleum, and power also registered a decline of four per cent, the study said.
City-wise, Baroda led the pack with 75 per cent growth in hiring, while Ahmedabad grew 73 per cent last month against October last year.
Delhi-NCR saw 36 per cent growth, which is the lowest among the country’s metros. Mumbai grew 62 per cent, Bangalore 52 per cent, Hyderabad 54 per cent, and Chennai registered a 50 per cent increase in hiring, the study noted.