Monster Employment Index

Platform will offer comprehensive solutions to recruiters, highly personalised services to job seekers; firm says transition is in line with its mission to connect talent with right opportunities

Hiring activity declined 6 per cent year-on-year in October as recruiters adopted a cautious approach in adding new workforce, a report said on Tuesday. Sequentially, the hiring activity has dropped by 5 per cent following the changing patterns in the startup ecosystem, funding winter and fears of an upcoming recession, according to the Monster Employment Index (MEI). However, with companies ramping up internal initiatives to facilitate growth and government interventions in promising sectors, hiring projections for the coming months are expected to pick up, it added. The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity conducted by Monster India. The report further revealed that even as there has been a noticeable slowdown in hiring among industries following months of robust job demand, key sectors like automation, banking, financial services and insurance (BFSI) are expected to show an increased intent to hire. However, hirin

The mere anticipation of the roll out has already resulted in 80,000 5G related hiring in the current calendar year.

The report further revealed that tier-II cities are now frontrunners in hiring with Coimbatore and Ahmedabad, indicating growing demand for talent across segments.

The job market continued to show growth for the second consecutive month of FY23 with a benchmark year-on-year recovery of 9 per cent in May, according to the Monster Employment Index (MEI).

However, there was a marginal dip of 2.4% in hiring activity as compared to February, owing to the appraisal season, according to the Monster Employment Index

Demand for talent surged seven per cent year-on-year in February 2022, according to a report by the Monster Employment Index

Monthly uptick of 3% in hiring activity over January 2022

Monster Employment Index for Jan stood at 254 points, up 11% over the corresponding month a year ago