January e-recruitment up 12% Y-o-Y

New Delhi, Feb 6 Online recruitment activities rose 12 per cent year-on-year (Y-o-Y) during January, although it recorded a two per cent decline month-on-month (M-o-M), a report said here on Tuesday.

The report said the home appliances sector continued to lead the long-term growth chart with 71 per cent Y-o-Y.

"Among job intensive sectors, home appliances continued to lead the long-term growth chart with 71 per cent Y-o-Y; the sector has witnessed 15 per cent increase in hiring demand in the past six months," a Monster.com report said.

As shown by the Monster Employment Index, hiring demand in the media and entertainment sector rose 46 per cent, while banking, financial services and the insurance sector recorded a 36 per cent Y-o-Y increase.

"Y-o-Y, demand in production and manufacturing (up 26 per cent) picked up in January 2018 following a slowdown in December 2017," the report said.

It added that online recruitment in retail (down 13 per cent) recorded the steepest M-o-M decline among all monitored industry sectors.

"The sector witnessed an 8 per cent decline in the month," the report said.

"We see a surge in the online demand in banking, financial services and insurance sector. This can be attributed to the conducive investment climate, digital growth and increased savings in the formal financial sector," said Sanjay Modi, Managing Director, Monster.com, Asia Pacific and Middle East.

"The job market looks positive and hopefully, hiring should also gain traction in the next few months. However, the emphasis remains on re-skilling and upskilling employees to be able to survive the dynamism in the jobs market and the impact of rising adoption of artificial intelligence," he added.

City-wise data in the report showed that Kolkata (up 47 per cent) recorded the most notable annual growth rate among all monitored cities, followed by Ahmedabad (up 32 per cent) and Baroda (up 31 per cent).

E-recruitment activity in Delhi-NCR (0 per cent) matched the corresponding period a year-ago, while Chennai (up 6 per cent) and Bengaluru (up 5 per cent) registered the steepest monthly decline of 5 per cent, the report said.