Hiring activities up across sectors in January: Report
Ushering in the New Year on a positive note, hiring activities saw an improvement in sectors like IT and FMCG in January says a report.
New Delhi: Ushering in the New Year on a positive note, hiring activities saw an improvement in sectors like IT and FMCG in January says a report.
Leading job portal Monster.com's monthly Employment Index witnessed annual growth of about 6 percent in January, indicating better recruitment conditions.
"Given the current global economic conditions, it is not surprising to see continued single-digit annual growth in the Index," Monster.com Managing Director (India/Middle East/South East Asia) Sanjay Modi said in a statement.
"However, employers have started the year on a relatively positive note with continued recruitment within large sectors like IT, FMCG and import/export," he noted.
The Employment Index -- which reflects monthly online job demand -- rose to 120 in January this year from 113 in the year-ago period.
On a month-on-month basis too, hiring activities witnessed improvement as the index stood at 115 in December, 2011.
According to Monster.com, NGO/Social Services saw the highest annual recruitment growth of 31 percent last month.
IT, consumer goods/FMCG also recorded strong annual growth, while the BPO/ITES industry led all industry sectors in terms of monthly growth, it said.
However, recruitment activities were sluggish in some sectors.
"Government/PSU/defence exhibited the steepest annual decline, dropping 21 percent on a year-over-year basis," the statement said.
In terms of cities, Kochi and Coimbatore saw good annual growth in hiring of 22 percent and 21 percent, respectively.
"Among major metro areas, Bangalore (up 18 percent) is the only city to register double-digit annual growth. Mumbai and Chennai remain amidst slowest growth markets in the index, both edging down 3 percent on an annual basis," Monster.com said.