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Online hiring down 5% in August

IANS  |  New Delhi 

Online activity in declined five per cent on a year-on-year (YoY) basis in August 2018, a report said on Monday.

Hiring declined for the third consecutive month in August, said the Index.

in the major sector of agro-based industries declined by 23 per cent last month, it said.

The highest decline in was, however, witnessed in the and packaging segment, with a fall of 28 per cent in August.

Commenting on the hiring trends, Abhijeet Mukherjee, CEO, for APAC and the Gulf region said: "The current ease in hiring activity is indicative of a cautious hiring scenario owing to merger and acquisitions and an increasing demand for skilled candidates."

Among the sectors which registered a growth in online hiring, the production and recorded the highest growth of 64 per cent in August, the report said. Hiring in the rose 48 per cent during the period under review.

In and financial services, there was an increase of 14 per cent in last month, as per the report.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 17:46 IST