The online recruitment activities in September registered a Year-over-Year (YOY) growth of 17 per cent with the banking sector showing a positive trend with 30 per cent growth.
The education sector continues to chart a long-term growth owing to special impetus by the government since the budget of 2016.
At the occupational level, online demand for customer services professionals and healthcare professionals has improved with growth numbers of 46 per cent and 38 per cent registered, respectively. Tier II cities are showing upward trend with Chandigarh (up by 36 per cent), Jaipur (34 per cent) and Coimbatore (29 per cent).
“The month has been challenging in terms of job opportunities for the Indian market owing to a continued slump in usual employment generating sectors – IT and production and manufacturing. However, BFSI was able to hold its ground in this bearish atmosphere as the sector has been going through a complete metamorphosis,” said Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East.
The BFSI sector registered a 13 points jump since last month with a YoY growth of 30 per cent. Ongoing digitisation in the banking sector and consolidation in the insurance sector has significantly contributed towards job creations for the skilled talent. Among sectors, production and manufacturing recorded the steepest YoY decline of 14 per cent.
Sanjay Modi added, “Tier II markets continue to outperform the metros with Delhi, Bengaluru and Chennai have shown the lowest growth this month.”
The pace of growth improved further in BPO/ITES sector — up from 33 per cent in July 2016 to 46 per cent in August 2016. IT Hardware, Software, on the other hand, saw the growth momentum ease marginally from 51 percent in July 2016 to 44 percent in August 2016
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