Online hiring up 14% in Aug

The online recruitment posted a 14 per cent growth in August, driven by segments such as home appliances, BFSI and FMCG, and the job outlook for coming months looks sanguine, says a report. The Monster employment index for August stood at 279, a 14 per cent jump over the same period a year ago when it stood at 244. The August index registered a slight improvement from 274 in July.

“While sectors such as home appliances, BFSI and FMCG continue to exhibit growth, other sectors such as real estate, retail, BPO-IT, production and manufacturing await revival. Overall market, however, continues to be dynamic owing to various socio-economic factors and technological revolution,” Sanjay Modi, MD, APAC and ME, Monster.Com, said.

Amid the festive season, the home appliances sector leads the hiring chart with a 54 per cent year-on-year growth in August. Online hiring in banking, financial services and insurance (BFSI) grew 35 per cent in August from a year ago.

He noted that the “GST tax regime is expected to have a positive impact on ease of doing business, thereby making it conducive for foreign investors and companies. The job market also is looking forward to a boost, however its impact for reasonable job growth is going to take some time”.