Production and Manufacturing and Retail sectors registered high Quarterly online hiring growth in Q3 2018: Monster Employment Index

Monster Employment Index

Faceinews Logo - Copy

Production and manufacturing sector with 18 percent Q-o-Q and 65 percent Y-o-Y growth saw the highest growth in Q3 2018; followed by the retail sector with 14 percent Q-o-Q and 42 percent y-o-y growth


Highest growth online hiring was seen in Chandigarh (up 17 percent Y-o-Y), followed by Jaipur (up 6percentY-o-Y) and Coimbatore (up 2 percent Y-o-Y)


Demand in healthcare professionals (up 20 percent Y-o-Y), and Finance & Accounting (up 17 percent Y-o-Y)also rose


Monster Employment Index registered a 4 percent y-o-y decline in online recruitment activities in Q3 2018 (July-September) versus Q3 2017; however, the Production and Manufacturing and Retail sectors exhibited significant surge in online hiring demand. For the second consecutive quarter, the Production and Manufacturing sector saw the highest Y-o-Y growth at 65%; and 18 percent on Q-o-Q basis in Q3 2018. The Retail sector registered the second highest growth in online hiring with 14 percent Q-o-Q; and 42 percent y-o-y growth in Q3 2018.


Commenting on the Monster Employment Index trends of the quarter, Abhijeet Mukherjee, CEO, APAC & Gulf said, “The consistently high online hiring activity in the Production and Manufacturing sector could be a result of the sustained impetus in domestic and export growth orders which has given a big push to the sector, and encouraged firms to raise their staffing levels.On the other hand, the festive season seemed to have boosted the hiring demand in the retail sector as it jumped two places in the Monster Employment Index for Q3 2018. The sector would have hired more staff to cater to the increased consumer activity during this period. While there wasdem and for roles at the junior level in delivery and customer relations, there wasalso demand at the mid-management level in finance, operations, and digital marketing.’’


The Home Appliances (up 22 percent y-o-y)and the Banking, Financial Services & Insurance (up 13 percent y-o-y)also remained active sectors despite moderation in pace.


Healthcare (up 20 percent y-o-y), HR & Admin (up 19 percent y-o-y) and Finance & Account (up 17 percent y-o-y) remained the most sought-after job roles in Q3 2018.


City-wise,Chandigarh(up 17 percent y-o-y), Jaipur (up 6% y-o-y) and Coimbatore (up 2 percent y-o-y) were the only cities to register positive growth in Q3 2018 vs 2017, however, online hiring declined in all the three cities as compared to previous quarter. The cities that saw de-growth in online hiring activities were Baroda (down by 14%);Kochi (down by 12%); and Kolkata, and Ahmedabad were down by 7% each.  Notably, in Q2 2018 Kolkata and Kochi were amongst the cities that saw some of the highest Y-o-Y online hiring growth with 15%and 10%respectively.

The sectors that saw the least online hiring activity were Printing/ packaging (down by 26%); NGO/Social Services (downby 24%); and the Agro based industries (downby 21%).