Online Hiring in India Grew 32 Percent in July: Monster Index

Monster.com's employment index, a monthly gauge of the country's online job demand, rose 50 points (up 32.46 percent) to 204 in July this year, from 154 in the same period a year ago.

"The Monster Employment Index records the highest growth for 2015 with a 32 percent increase in online job opportunities," Sanjay Modi, Managing Director, Monster.com (India, Middle-East, South-East Asia and Hong Kong) said.

While the hiring momentum continues to pick up, the overall job market in India has witnessed more stability, especially in sectors such as BFSI, which registered a 73 percent jump in hiring momentum in July followed by production and manufacturing (72 percent) and automation.

A sectoral analysis shows that 20 of the 27 sectors tracked by the index saw traction in online space. On a month-on-month basis too, hiring momentum trended up. The reading for July is 2 points higher than June.

According to the report, going forward, the strong hiring momentum is set to continue, thanks to an improving economy, government's initiatives including 'Make in India' and plans to create 100 smart cities.

"The job scenario is slated to be optimistic with organisations hiring aggressively, contributing to the overall momentum in making India job ready," Modi added.

Moreover, online demand improved in all the 13 occupation groups monitored by the index. There was an increase in demand for senior management personnel. A 57 percent growth in demand is the steepest among all monitored groups, Monster.com said.

City-wise, all 13 cities covered by the index showed a positive online hiring trend on an annual basis. Baroda took the lead (up 55 percent) followed by Pune (up 43 percent). Mumbai and Bangalore were next in line with 39 percent growth each, on a year-on-year basis.