Online Hiring Activity Up 4 Pct In March
MUMBAI: Online recruitment activities registered a six pct growth in February and a four pct growth in March, primarily led by sectors such as telecom and internet service provider and banking, financial services and insurance, says a report.
The Monster Employment Index India stood at 261 in March, registering an eight point jump over the previous month and a four pct rise from last year.
"The Monster Employment Index suggests a slowdown in the online recruitment activity. The year-on-year comparison shows that there has been a drop from a 42 pct growth in March 2016 to four pct in March 2017," said Sanjay Modi, Managing Director, Monster.Com, APAC and Middle-East.
Telecom/ISP led the long-term growth chart with a 25 pct despite moderation in the pace of growth as against in February 2017, which was at 28 pct, the report noted.
"This could be attributed to the on-going consolidation in the sector led by major players," it said.
The year-on-year growth rate in the banking, financial services and insurance sector eased from 51 pct in February 2017 to 24 pct in March 2017, while the production and manufacturing (down 23 pct) sector recorded the steepest year-on-year decline in March 2017, it observed.
The non-metro cities of Coimbatore and Jaipur registered the steepest growth (up 23 pct), followed by Vadodara which was up 22 pct.
Among metros, Mumbai was the only city to register a double-digit growth on the year (up 10 pct), while annual growth trend in Delhi-NCR (up 3 pct) and Chennai (up one pct) recorded the lowest annual growth rate.
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