Hiring activities slow down in May
New Delhi: Hiring activities slowed down marginally in many sectors during the last month amid challenging economic conditions, according to job portal Monster.Com.
The Monster Employment Index India -- a montly gauge of hiring trends online -- slipped to 128 last month compared to 129 in April.
On a monthly basis, the index went up in February, March and April.
"The pace of growth in online recruitment activity continues to be moderate," Monster.Com (India/ Middle- East/ South East Asia) Managing Director Sanjay Modi said in a statement today.
BPO/ITES and government/PSU" sectors recorded significant fall in recruitment trends.
"Government/PSU/Defence (down 18 percent) showed steepest annual decline," Monster.Com said.
Notwithstanding tough economic conditions, many sectors managed positive growth momentum on an annual basis.
"Shipping/marine (up 12 percent) continued to exhibit the highest annual growth among sectors," the statement noted.
Sectors such as retail, automotive/ancillaries/tyres; telecom/ISP; health care, bio-technology and life sciences exhibited positive growth momentum last month, Modi said.
In terms of cities, Kochi registered the strongest annual growth for the fourth straight month. "Bangalore is the strongest annual gainer among major metro-markets," the statement said.