Production and Manufacturing is the most actively hiring sector

New Delhi: Monster Employment Index for June 2018 registered 3 per cent y-o-y decline in online recruitment activities, with an m-o-m decline of 8 per cent. However, the Production and Manufacturing sector continues to exhibit the highest long-term y-o-y growth at 49 per cent amongst the other sectors analyzed for the third consecutive month.

While the annual growth momentum eased between May 2018 and June 2018, the short-term growth parameters indicated buoyant growth in the sector. The sector also registered 2 per cent increase in hiring activity on a month-on-month basis.

Media & Entertainment (up 26 per cent y-o-y); Education (up 17 per cent y-o-y); and Retail (up 17 per cent y-o-y) were the most active sectors despite moderation in pace. Home Appliances also continued its upswing in online demand with a y-o-y growth of 27 per cent.

The current newsmaker, Telecom/ISP sector exhibited a significant drop in the y-o-y growth momentum which eased further from 21 per cent in May 2018 to 17 per cent in June 2018. Month-on-month, the sector recorded 3 per cent decline in e-recruitment activity.

Printing/ Packaging sector witnessed the steepest decline; (-)27 per cent y-o-y and (-)15 per cent m-o-m.

There has been a notable increase in demand for Healthcare professionals exceeding the corresponding period a year ago by 24 per cent; the highest recorded among all monitored job roles. Finance & Account was the second most demanded job role registering a y-o-y growth of 21 per cent.

Commenting on the trends, Abhijeet Mukherjee, CEO, Monster.com- APAC & Gulf said, “The slower online hiring growth could be owing to the on-going mergers & acquisition landscape across several sectors where employers are exhibiting caution in their hiring plans. On the other hand, the Production and Manufacturing sector continues an upswing owing to favourable demand conditions. Telecom and ISP sector struggle amidst a difficult landscape but hopefully, the new telecom policy expected by July-end will provide the much-needed stability.”

City-wise data shows improved online hiring demand in all major cities. y-o-y Jaipur (up 10 per cent) led all monitored cities, followed by Chandigarh (up 9 per cent) and Coimbatore (up 8 per cent).  Month-on-month, online recruitment activity plunged in each of these cities. Year-on-year, online recruitment activity declined the most in Baroda (down 15 per cent). The city also recorded 11 per cent decline on the month.

Monster Employment Index India results for the past 18 months are as follows:

Industry Year-over-year Trends

Online demand exceeded the year-ago level in 13 of the 27 industry sectors monitored by the Index.

Production and Manufacturing (up 49 per cent) led all monitored industry sectors by the way of long-term growth for the third month in succession. While the annual growth momentum eased between May and June 2018, the short-term growth parameters indicated buoyant growth in the sector. The sector registered two per cent increase in hiring activity on a month-on-month basis. Available opportunities were one per cent and 14 per cent higher than the three-month and six-month ago level.

Online hiring activity in IT – Hardware, Software recoiled to the level attained during the same period a year ago. The sector witnessed fewer opportunities on the month by nine per cent.  BPO/ITES sector, on the other hand, exhibited signs of recovery. The year-on-year growth rate picked up five percentage points from -23 per cent in May to -18 per cent in June 2018. In the Telecom/ISP sector the year-on-year growth rate, nevertheless positive, continued to slide; down from 21 per cent in May to 17 per cent in June 2018. Month-on-month, the sector recorded three per cent decline in e-recruitment activity.

Online hiring receded in all major sectors this month. Engineering, Cement, Construction, Iron/ Steel(up seven per cent) and Banking/ Financial Services, Insurance (up five per cent) recorded single-digit growth year-on-year. Online recruitment activity in Healthcare, Bio Technology & Life Sciences, Pharmaceuticals matched the corresponding period a year ago. It is notable, each of these sectors exhibited significantly restrained hiring on the month as well.

 Year-on-year, Home Appliances (up 27 percent); Media & Entertainment (up 26 percent); Education (up 17 percent); and Retail (up 17 percent) were the most active sector despite moderation in pace.

Printing/ Packagingsector witnessed the steepest decline; -27 percent (year-on-year) and -15 percent (month-on-month).

E-Commerce: E-commerce sector registered four per cent decline from the year-ago level while there was no increase in e-recruitment on the month

Occupation Year-over-year Trends

Online recruitment activity surpassed the year-ago level in nine of the 13 occupation groups monitored by the Index.

 Among job roles, Health Care (up 24 per cent) followed by Finance & Account (up 21 per cent) and HR & Admin (up 18 per cent)registered the most notable increase in demand on a year-on-year basis. Month-on-month, online demand moderated for each job role; down four per cent, eight per cent and two per cent respectively.

Engineering/Production (up one per cent) registered the least growth among all occupation groups and also in the series since February 2015. Demand on the month eased by seven per cent.

Online demand for Software, Hardware, Telecom (down four per cent); Marketing & Communications (down four per cent) and Arts/Creative (down 16 per cent) professionals eased below the year-ago level. Marketing & Communications professionals also recorded the most notable decline on the month (down 11 per cent) while Arts/Creative (down 16 per cent) saw the steepest decline on the year.

Geographic year-over-year Trends: E-recruitment activity exceeded the year-ago level in four of the 13 cities monitored by the Index.

Year-on-year, Jaipur (up 10 per cent) continued to lead all monitored cities despite significant moderation in the pace of growth. Chandigarh (up nine per cent), Coimbatore (up eight per cent) and Kolkata (up four per cent) were the only other cities to chart positive growth on the year. Month-on-month, online recruitment activity plunged in each of these cities.

Kochi (down six per cent)and Ahmedabad(down two per cent) recorded the steepest month-on-month decline at -14 per cent and -12 per cent respectively.

E-recruitment activity was on a downswing in all monitored metro cities as well. This month, online recruitment activity in Mumbai, matched that of the corresponding period a year ago. Hyderabad and Chennai registered a decline of three per cent each while Bangalore and Delhi-NCR projected the decline of five per cent and four per cent respectively.

Year-on-year, online recruitment activity declined the most in Baroda (down 15 per cent). The city also recorded 11 per cent decline on the month.