Monster employment index registers 19% growth y-o-y in May

Monster Employment Index showed 19% growth in the overall hiring activity for May 2014 on a year-on-year basis, which has been the highest since February 2013.

"Industry-wise, on a YoY comparison, there has been 59% growth in the Media & Entertainment industry making it the top growth sector. There is a great deal of overall sanguinity around the new government to revive the economic momentum and constructing an investment friendly environment enabling creation of new jobs," said Sanjay Modi, Managing Director, Monster.com (India/Middle-East/Hong Kong/South East Asia).

Online recruitment activity exceeded the year-ago level in 24 of the 27 industry sectors monitored by the Index. The Media & Entertainment industry saw a significant 59% growth between May 2013 and 2014 leading all sectors by way of long-term growth. Month-on-month, online recruitment activity eased 5% having charted double-digit growth in the previous two months.

Travel and Tourism (up 49%) saw further improvement in the pace of long-term growth between April and May 2014. The sector continues to rank among the top-five even though Media & Entertainment supplanted to occupy the top position. The BPO/ITES (up 23%) sector which has been exhibiting fewer opportunities year-on-year since September 2013 (with the exception of January 2014) registered a significant positive growth this month. IT - Hardware, Software continued on a robust and positive growth path registering a 39% growth on the year.