Online hiring and recruitment activities in the month of June registered 11 percent year-on-year growth, led by banking, financial services and insurance (BFSI) sector, according to a report.
"India is on the brink of a major transformation owing to several economic reforms and digital disruption over the last few months. The Monster Employment Index for June has captured this sentiment reporting 11 percent year-on-year growth.
"It was majorly driven by BFSI sector, making Mumbai (up 15 percent) the only metro to have exhibited a double-digit annual growth," Sanjay Modi, Managing Director, Monster.com, Asia Pacific and Middle East, said.
The implementation of Goods and Service Tax (GST) was a progressive step and was likely to have an encouraging impact on the job market nudging the overall growth, he said.
"Among top growth sectors, BFSI-led long-term growth chart with a 44 percent year-on-year growth, followed by home appliances (up 34 percent). The consumer goods/fast-moving consumer goods (FMCG), food and packaged food industry witnessed a surge of 33 percent in June 2017 from 27 percent in May 2017," Monster.com's employment index, a monthly gauge of the country's online job demand, noted.
City-wise data shows that among metros, Kolkata (up 40 percent) continued to lead the long-term growth even in June 2017.
Mumbai (up 15 percent) was the only city to exhibit double-digit annual growth, Hyderabad at five percent, Bangalore was up by three percent, while annual growth trend in Chennai (down 12 percent) exhibited the steepest decline.
"Online hiring activity in Delhi-NCR matched the year-ago level. Baroda (up 36 percent) followed by Ahmedabad (up 20 percent) recorded the steepest year-on-year growth," the report said.
With an increasing number of startups emerging into the consumer internet space, there is a demand for skilled and qualified talents. This triggers a huge number of opportunities for freshers and experienced candidates at all levels.
A few disruptive startups (online assessment platforms, video assessment platforms, and networking platforms) which, by leveraging social media, digital media, data analytics, and big data, are changing business intelligence in the domain of recruitment.