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India – Companies still cautious as hiring levels drop

18 June 2013

Online vacancies declined slightly last month as employers in India remained cautious about global economic conditions, according to the latest employment index by Monster.com. In May, the index registered an annual drop of -1%. 

But 14 of 27 industry sectors monitored by Monster still posted an increase in online recruitment activity between May 2012 and May 2013. The highest annual growth was seen among healthcare, biotechnology and life sciences, pharmaceuticals sectors (up +21%), followed by NGO/social services sector (up +17%).

Real estate was also among the sectors showing annual growth in May, posting an increase in online recruitment activity of +15%. Meanwhile the steepest decline was recorded in the oil and gas, petroleum and power industries at -9%.

Online demand improved in six of 13 occupational groups, including customer service (up +30%) and healthcare (up +24%). Demand for senior management dropped by a sharp -51%, exhibiting the steepest annual fall.

Looking at geographical trends, eight out of 13 cities monitored posted an increase in hiring levels, particularly Kolkata (up +13%) and Chandigarh (up +11%).

The Monster Employment Index is a monthly gauge of online job posting activity based on a review of millions of employer job opportunities culled from career websites and online job listings across India.


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