Data from the Monster Employment Index indicated that the hiring demand declined by three per cent in October as compared to September 2021.
However, there has been a strong year-on-year recovery in 2020 with a rise of nine per cent in October compared to the same month. “In October, we saw a three percent drop in month-on-month hiring activity. This is an annual trend we see following the increase in festive hiring.
Shekhar said, “It is encouraging to see the travel and tourism industry being dusted off the impact of the pandemic and indeed paving the way for a revival. We also see back-to-office trends coupled with increased automation and a massive increase in demand for office supplies. Shekhar Garissa, CEO of quest company Monster.com.
Moreover, the recruitment space is looking for entry-level talent as more and more organizations are looking to hire freshers, he said.
Monster Employment Index is a monthly comprehensive and comprehensive analysis of online job posting activity conducted by Monster India.
The index further showed that as more and more organizations resume work in physical offices and increase automation efforts, job postings in the office equipment or automation (30 percent) industry increased month-on-month. The highest growth was seen, followed by revival. Travel and tourism (7 percent) and telecommunications or ISP (5 percent) industries.
Industries such as banking, financial services, insurance (4 percent), IT-hardware and software (3 percent), advertising, market research, public relations (2 percent), education (2 percent) and retail (1 percent) also rose in the index. As per showed positive monthly growth.
Most industries continue to receive hiring numbers. Certain sectors such as shipping and marine (-11 percent), health care, biotechnology and life sciences, pharmaceuticals (-3 percent), production and manufacturing (-1 percent), media and entertainment (-1 percent) and BPO or ITeS ( -1 percent) saw a month-on-month decline in job postings in October.
It said that with the continued revival of the travel and tourism industry in October, the recruitment of professionals in hospitality and travel (5 per cent) saw the highest month-on-month growth in October 2021. This is followed by professions such as senior management. (4 percent), human resources and administrators (3 percent), arts/creative (2 percent), finance and accounting (1 percent) and customer service (1 percent).
Software, hardware telecommunications, engineering/production, and marketing and communications saw slow growth in October. Monthly declines were seen in job posting activity in procurement, logistics, supply chain (-5 percent), legal (-4 percent), sales and business development (-3 percent) and health care (-2 percent).
According to the index data, Kolkata saw high demand for marketing and communication professionals with a growth of 13 per cent every month.
In October, trends indicated that tier-II cities such as Coimbatore (3 per cent) and Jaipur (1 per cent) saw the highest monthly growth in job postings.
Hyderabad, Kochi, Mumbai and Delhi-NCR, which had earlier seen a decline in hiring activity, have stabilized in the month.
However, despite festive hiring demand, Kolkata (-5 per cent), Bengaluru (-2 per cent), Pune (-2 per cent), Chandigarh (-1 per cent), Ahmedabad (-1 per cent) and Chennai (-1 per cent) saw a monthly decline in job posting activity in the U.S.
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