According to data from the Monster Employment Index, online recruitment in India grew by 8% in July 2021 compared to July 2020.

Data from the index indicates that compared to June 2021, July 2021 witnessed a notable overall monthly growth of 4% in hiring.

Online hiring demand in July 2021 was positive in 16 out of the 27 industries monitored by the Index in a year-on-year comparison, owing to fluctuations in the pandemic's impact across different sectors.

A year-on-year (July 2021 July 2020) comparison indicates IT- Hardware, Software (+39%) continued to be the most in-demand industry in hiring activity. Banking, Financial Services & Insurance (+32%), and Shipping/Marine (+31%) industries also show a remarkable annual growth in e-recruitment activity. However, some industries, despite month-on-month improvement, remain impacted by the pandemic compared to last year (July 2021 vs July 2020), such as Education (-24%) and Travel and Tourism (-30%). 

On a year-on-year (July 2021 vs July 2020) basis, Software, Hardware, Telecom (+42%), Senior Management (+23%), and Engineering/ Production (+8%) functions saw an increase in job postings. Functional areas that remained neutral include Legal (0%), and Marketing & Communications (0%). However, Customer Service (-31%) functions witnessed a steep decline compared to last year.

A yearly comparison among cities indicates a significant spike in demand for talent in Bengaluru (57%). Other cities such as Pune (35%), Chennai (29%), and Hyderabad (27%) also saw an increase in postings compared to last year. Some cities that continue to face challenges in hiring activity include Kolkata (-13%), Jaipur (-20%) and Baroda (-21%).

In a year-on-year (July 2021 vs July 2020) comparison, the demand for Top Management level professionals continued to grow significantly, as high as 69%. Intermediate level (18%), Mid-Senior level (23%) and Senior level (18%) roles also witnessed considerable growth. While there is an improvement from the previous month, job roles for entry-level profiles have declined by 1% compared to last year's same period (July 2021 v/s July 2020). 

Sekhar Garisa, CEO of Monster.com, said, "Despite the challenges of Covid-19 and its impact on the hiring landscape, we have seen positive growth in job postings across most cities. Jobs in certain sectors such as Tech and IT are booming, as companies come forward to boost their tech enablement and improve workforce efficiency.  While some industries are doing better than others, we can be confident of seeing improvement in the coming months, given the active vaccination drives currently underway. Hiring activity, along with the economy in India, is on the mend as sectoral revival is in progress consistently over the past couple of months."