Bangalore charts a surge for online job posting, says Monster

NEW DELHI, INDIA: Monster Employment Index continues to trend upward charting significant growth on the year. While 2013 saw subdued hiring on the whole, 2014 appears to be more promising. IT, Banking, Health Care have been some of the most steadily growing sectors.

"More recently we have been observing improvement in the Production and Manufacturing sector as well. As per recent surveys, Indian employers are expected to hire aggressively in the second quarter while the projected average salary hike in the year 2014 is of 10 percent (Manpower Employment Outlook Survey and Aon Hewitt)", said Sanjay Modi, MD, Monster.com (India/ Middle- East/ South East Asia).

Geographic year-over-year Trends: Online opportunities exceeded the year-ago level in 11 of the 13 cities monitored by the Index.

· Bangalore (up 36 percent) led all monitored cities by the way of long-term growth even in February

· Mumbai (up 20 percent); Delhi-NCR (up 13 percent); Hyderabad (up 18 percent) and Chennai (up eight percent) also registered an uptrend in year-on-year recruitment activity.

· Baroda (down seven percent) and Coimbatore (down one percent) are the only cities to record a negative annual growth even this month. The rate of long-term growth, nevertheless, improved for both cities

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

· IT - Hardware, Software (up 33 percent) led all industry sectors charting strong annual growth trend even this month while recruitment activity in BPO/ITES (down four percent) sector eased from the year-ago following positive growth in Jan'14

· Among others, Travel and Tourism (up 32 percent); Education (up 18 percent); and Healthcare, Bio Technology and Life Sciences, Pharmaceuticals (up 30 percent) sector witnessed notable improvement in long-term growth momentum; up by 29 percentage points, 11 percentage points and 14 percentage points, respectively, between Jan'14 and Feb'14

· Production and Manufacturing (up 32 percent) saw significant double digit growth in opportunities over Feb'13. The pace of annual growth improved 30 percentage points from Jan'14.

· Automotive/ Ancillaries / Tyres (down 13 percent) registered the most notable year-on-year as well as month-on-month decline

Occupation Year-over-year Trends:Online demand expanded in 11 out of the 13 occupation groups monitored by the Index.

· Among occupation groups, Senior Management (up 50 percent) professionals saw the most notable growth in demand between Feb'13 and Feb'14

· Purchase/ Logistics/ Supply Chain (up 10 percent) personnel registered a positive year-on-year growth in demand for the first time since Feb'13

· Online demand for Engineering /Production (down two percent) professionals eased from the year-ago following a month of positive growth

· Arts/Creative (down 34 percent) professional recorded most significant annual decline among occupation groups even this month. This is the tenth successive annual decline of the series