Hiring activity down marginally in Nov: Monster.Com

Against the backdrop of uncertain economic conditions, hiring activities witnessed a marginal slowdown in November, according to a report.

Monster.Com's monthly employment index, which reflects online job demand, dipped to 117 last month from 119 in October.

However, the index recorded a 7% growth in November in comparison to the same period a year ago, leading job portal Monster.Com said today.

"... A slightly more cautious approach by companies in view of the economic scenario is evident by the easing of online demand levels from October to November," Monster.Com managing director (India/West Asia/South-East Asia) Sanjay Modi said.

Banking, financial services and insurance registered significant month-on-month growth of 15% following a dip in activity in the previous month, owing mainly to sharp growth in the insurance sector, it noted.

According to Monster.Com, hiring activities declined in the IT hardware and software sectors last month, compared to October.

Modi pointed out that the employment index showed continued positive growth in recruitment activity from an annual perspective, led by key industries like telecom IT, and financial services.

In terms of cities, Bangalore registered "the first positive month-on-month growth in recruitment activity since July 2011".