Job postings rise in February, says report

Job postings rise in February, says report


Job postings went up in February, primarily led by hiring actions in FMCG, meals and packaged items sectors, in keeping with a report.

Monster.com’s Monster Employment Index confirmed that job postings witnessed a six per cent sequential development in February.

The report revealed that a lot of the industries have proven development with import/export (10%), FMCG, meals and packaged items (9%), and printing and packaging (9%), BPO/ITES (7 %), banking/monetary companies and insurance coverage (7%) and clothes/ textiles/ leather-based /gems and jewelry (7%), witnessing vital improve in job postings in February as in comparison with January this yr.

Whereas, engineering, cement, development, iron/ metal declined by 3%, residence home equipment 5%, and retail 6%.

When it comes to year-on-year (y-o-y) development, the general index in February nonetheless showcases a big drop of 15% primarily on account of the impression of the pandemic throughout a few of the key sectors.

Industries like journey and tourism witnessed a decline of 62% in February as in contrast with the year-ago interval, training by 42%, oil/fuel/petroleum, energy 37%, and BPO/ITES 36% dragged the index down as they’re nonetheless considerably down from pre-COVID ranges.

Nonetheless, agro-based industries witnessed an 11% rise in hiring actions and telecom/ISP 10% when it comes to y-o-y comparability.

“Whereas shifts within the job market have their ups and downs, with some sectors faring higher than others, segments resembling IT and telecom, alongside agro-based industries and media and leisure proceed to do nicely. Journey and tourism nonetheless face their set of challenges.

Nonetheless, it has seen enchancment from the place it was through the onset of the pandemic. With the COVID vaccine rollout being initiated and the nation gears as much as be workplace-ready, we are able to hope for enhancements and new alternatives to open up within the coming months,” Monster.com CEO Sekhar Garisa stated.

The Monster Employment Index is a broad and complete month-to-month evaluation of on-line job posting exercise performed by Monster India platform.

The report additionally revealed that there was a development in jobs in all the most important cities throughout the nation in February as in comparison with January this yr.

Among the many cities Ahmedabad (17 per cent), Bengaluru (10 per cent), Hyderabad (9 per cent) have proven the utmost development whereas Delhi/NCR (6 per cent), Jaipur (5 per cent), Coimbatore (4 per cent), Chandigarh (4 per cent) have proven reasonable development.

On the idea of y-o-y comparability, nearly all of the cities are nonetheless seeing a decline in job postings.

All features and departments have proven constructive development in February in comparison with the earlier month, whereas software program, {hardware}, telecom (7%), HR and admin (7%), finance and accounts (7%) have proven the utmost development, hospitality and journey (2%), buy/logistics/provide chain (2%) and authorized (1%) have proven reasonable development.



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