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Recruitment activities register 60% increase in August: Report

New Delhi: Online recruitment activities in the month of June-August registered 60 per cent year-on-year growth, led by IT, banking, financial services and insurance (BFSI) sector, according to a report.

“India is on the brink of a major transformation owing to several economic reforms and digital disruption over the last few months. The Monster Employment Index for June-August has captured this sentiment reporting 60 per cent year-on-year growth.

“It was majorly driven by IT sector, making Mumbai (up 75 per cent) followed by Delhi NCR with 55% the only cities to have exhibited astounding annual growth,” Sanjay Modi, Managing Director, Monster.com, Asia Pacific and Middle-East, said.

The implementation of Goods and Service Tax (GST) was a progressive step and was likely to have an encouraging impact on the job market nudging the overall growth, he said.

“Among top growth sectors, IT-let long-term growth chart with a 60 per cent year-on-year growth, followed by BSFI and home appliances (up 34 per cent). The consumer goods/ fast-moving consumer goods (FMCG), food and packaged food industry witnessed a surge of 33 per cent in June 2017 from 27 per cent in May 2017,” Monster.com`s employment index, a monthly gauge of the country`s online job demand, noted.

City-wise data shows that among metros, Delhi, Mumbai, Bangalore, Kolkata (up 40 per cent) continued to lead the long-term growth even in June 2017.

Mumbai (up 45 per cent), Hyderabad at 15 per cent, Bangalore was up by 30 per cent, while annual growth trend in Chennai (down 12 per cent) exhibited the steepest decline, the report said.

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