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The overall online recruitment activity registered a 27 per cent growth in May 2016, over the same period last year, according to the latest Monster Employment Index (MEI). However, there is a decline in the growth rate — of a 25 percentage points —from a robust 52 per cent in January this year and one percentage point down from April.
E-commerce, which is currently under economic scrutiny, witnessed a 35 per cent y-o-y growth; one percentage point higher than in April. The sector is moving in a positive direction with steady increase in hiring activity over the months.
The online demand for engineering professionals also surged in May. The yearly growth rate paced up to 47 per cent from 39 per cent in April. The MEI reveals that printing and packaging industry is leading the rung with 67 per cent growth from year-ago. The sector has been witnessing a steep double-digit annual growth rates since February. The education (up 65 per cent) sector is next in the rung.
Recruitment activity in healthcare and pharma exceeded the corresponding period a year-ago by 40 per cent. Also, online recruitment activity in IT – hardware and software was up 62 per cent.
Having slowed in the past months, the y-o-y growth momentum in manufacturing (up 35 per cent) as well as automotive (up 36 per cent) sector paced up in May. The growth rate was also higher against April, when manufacturing and pharma recorded 15 per cent and 17 per cent growth respectively. Engineering, cement, construction, iron/steel registered a 42 per cent growth from the year-ago; up from 24 per cent in April.
In the real estate sector, on the other hand, the yearly growth momentum lowered to 1 per cent in May from 4 per cent in April. The MEI reveals online demand increased for 12 occupation groups out of the 13 monitored by the Index.
The online hiring activity dropped for senior management level professionals to 69 per cent in May from 79 per cent in April.
The demand for engineering professionals surged in May by 4 percentage points to 47 per cent in May, from 39 per cent in April.
Also, marketing and communications (up 47 per cent); software, hardware, telecom (up 42 per cent); health care (up 42 per cent); sales & business development (up 34 per cent) were among the top in-demand job roles.
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