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Online hiring activity rose 52% in January
Indian job market started on a strong note this year with the online hiring activity registering a growth of 52 per cent in January and the bullishness is likely to continue going forward, says Monster.com. The Monster Employment Index (India) stood at 229 in January, up 52 per cent over 2015, when the index clocked at 151.Â
New Delhi: Indian job market started on a strong note this year with the online hiring activity registering a growth of 52 per cent in January and the bullishness is likely to continue going forward, says Monster.com. The Monster Employment Index (India) stood at 229 in January, up 52 per cent over 2015, when the index clocked at 151.
"The year has started off on an optimistic note with notable growth in the key sectors. Additionally, it is good to see that apart from the traditional sectors like IT and BFSI, we have seen a steady growth in the non-conventional sectors such as Media & Entertainment," Monster.com (India, Middle East, South East Asia and Hong Kong) MD Sanjay Modi said.
He further noted, the year 2016 is expected to bring in further revival in the job market, with much needed reforms of digitisation and making India the manufacturing hub. Meanwhile, initiatives like the 'Startup India, Standup India' are likely to encourage a more dynamic approach among entrepreneurs that will also lead to job creation.
"With the Union Budget nearing, we look forward to a more conducive policy framework to revive investment, increase growth with a pragmatic recognition of the macro-economic woes and a thrust towards structural reforms," Modi said.
Sector-wise, recruitment activity exceeded the year-ago level in 25 of the 27 industry sectors monitored by the Index. IT - Hardware, Software (up 77 percent) charts the steepest annual growth among industry sectors. The year-on-year growth momentum improved between December 2015 and January 2016 by 12 percentage points. The report noted that all 13 occupation groups monitored by the Index continue to chart improved demand year-on-year.
