Monster employment index India charts 14pc growth

BANGALORE, INDIA: Monster Employment Index has been maintaining resolute growth rates in the last three months in succession in 2014. This re-affirms a positive hiring outlook for the current year, said Sanjay Modi, Managing Director, Monster.com (India/Middle- East/South East Asia).

According to Modi, Home appliance and IT are among the top growing sectors, with healthcare, bio technology and life sciences, pharmaceuticals recording the least growth. However, this momentum will be dependent on the outcome of general elections. A stable government will help build and strengthen business confidence; increased investments in core sectors will help drive the economy and shape the recruitment scenario in India.

Industry Year-over-year Trends:Online recruitment activity exceeded the year-ago level in 17 of the 27 industry sectors monitored by the Index

· Home Appliance (up 34 percent) supplanted IT - Hardware, Software (up 31 percent) to lead all industry sectors by the way of long-term growth. The Home Appliance industry has been charting progressively improving annual growth rates starting January 2014

· Production and Manufacturing (up 31 percent) maintained a steadfast growth rate. The sector along with IT - Hardware, Software industry saw the second highest growth in year-on-year recruitment activity

· Logistic, Courier/ Freight/ Transportation (down 11 percent) continues to chart steep annual decline for the ninth month in succession

· Online recruitment activity in Automotive/ Ancillaries / Tyres (down eight percent) continues to be lower than that in the corresponding period a year-ago. Nevertheless, the rate of growth improved marginally vis-à-vis February 2014. The sector registered steepest month-on-month growth among all sectors

· Among industry sectors, Chemicals/ Plastic/ Rubber, Paints, Fertilizer/ Pesticides (down 14 percent) saw the most notable decline in recruitment activity between March 2013 and March 2014

Occupation Year-over-year Trends:Online demand expanded in 10 out of the 13 occupation groups monitored by the Index.

· Online demand expands the most at the Senior Management (up 46 percent) level in March yet again

· Software, Hardware, Telecomand Marketing & Communications professionals witnessed significantly improved demand levels vis-à-vis March 2013; up 26 percent each

· Among others, Finance & Accounts; Health Care; and Hospitality & Travel professionals surpassed March 2013 by a notable 20 percent respectively

· Online demand for Engineering /Production professionals matched that of the corresponding period a year-ago

· Arts/Creative recorded the steepest annual decline among all occupation groups even in March in spite of a nine percentage point improvement in the long-term growth rate; up from -34 percent in February 2014 to -25 percent in March 2014

Geographic year-over-year Trends: Online opportunities exceeded the year-ago level in 9 of the 13 cities monitored by the Index.

· Bangalore continues to lead all monitored cities charting 32 percent growth on the year

· Among the major job markets, Hyderabad (up 20 percent) and Delhi-NCR (up 16 percent) also recorded double digit annual growth rates. While Mumbai and Chennai registered eight percent and seven percent growth respectively

· Online recruitment activity eased in Chandigarh (down six percent) for the first time since September 2013

· Online recruitment activity in Jaipur (down 11 percent) slipped below the year-ago level. Baroda (down 12 percent) recorded the most notable annual growth yet again