Online hiring activity up 32% in June: Monster Index

Monster Employment Index rose by 49 points to 202 in June this year from 153 in the same period last year

Online hiring activity in India, registered a 32% year on year growth in June, the highest increase so far this year, according to a Monster.com report.

Monster Employment Index, a monthly gauge of the country's online job demand rose by 49 points to 202 in June this year from 153 in the same period last year.

"The Monster Employment Index reveals that the online recruitment in India has certainly grown at an escalating pace. With a 32% year on year (YoY) growth, the month of June registers the highest increase in the online recruiting sector this year," Monster.com (India/Middle-East/South-East Asia/Hong Kong) MD Sanjay Modi said.

On a month-on-month basis, the index saw an uptrend in online hiring activity as the month of June registered an increase of 11 points from 191 in May.

Of the 27 industry sectors monitored by the index, online recruitment activity exceeded the year-ago level in 17 industry groups.

Banking/financial services and insurance took the lead among industry sectors charting a 72% growth YoY, followed by production and manufacturing (67%).

Meanwhile, online hiring activity improved for all 13 occupation groups monitored by the index.

City-wise, all 13 cities monitored by the index charted positive online hiring trend on an annual basis.

Tier-II cities continued to lead all monitored cities, YOY. Kochi, Baroda charted the steepest annual growth.

"Tier-II cities continue to lead amongst all monitored cities with Kochi (up by 47%), Baroda (up by 37%) and Coimbatore (up by 42%). This illustrates the alignment with government's agenda of providing equal opportunities for India in smaller towns," Modi added.