Economy

Hiring activities improve in May, says Monster.com

PTI New Delhi | Updated on June 09, 2011 Published on June 09, 2011

Recruitment trends improved last month, primarily driven by increased hiring activities in sectors such as oil, gas, petroleum, power and retail, according to job portal Monster.com.

Indicating better hiring trends, the Monster Employment Index - a monthly gauge of online job demand - climbed 12 per cent in May 2011 as compared to the year-ago period.

“The Index continues to record a positive year-over-year trend, with strong pockets of demand for professionals within the IT, oil/gas and automotive sectors,” Monster.com’s Managing Director (India/Middle East/South East Asia) Mr Sanjay Modi said in a statement on Thursday.

Oil, gas, petroleum, power and retail were the sectors that led the annual growth. Overall online job demand in the oil/gas/petroleum and power sectors rose 30 per cent in May.

“Sales and business development occupations recorded notable expansion in online demand, while opportunities in finance and accounts declined,” the statement said.

As per Monster.com, Coimbatore saw the highest annual growth among cities in terms of job opportunities. “All cities monitored by the Index have registered positive annual growth indicating substantial opportunities for workers in these key markets,” Mr Modi noted.

Published on June 09, 2011
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