Online hiring activity grew over 8% in Feb: Monster Index

Online hiring activity registered a significant uptrend in February both on monthly as well as yearly basis driven largely by sectors like telecom and IT, says a survey.

The Monster.com's employment index, a monthly gauge of the country's online job demand, rose by 13 points (up 8.55 percent) to 165 in February this year from 152 in the same month a year ago.

Month-wise also there has been significant uptick as in January 2015, the index stood at 151.

"We have seen dramatic progress in skill-driven sectors like telecom/ISP followed by the IT - hardware, software sector," Monster.com (India/Middle-East/South East Asia/Hong Kong) MD Sanjay Modi said.

A sector-wise analysis shows that of the 27 industry sectors monitored by the Index 13 exhibited positive growth between February 2014 and February 2015.

Telecom/ISP (up 43 percent) charted a dramatic growth this month to lead all industry sectors by the way of long term growth.

"The positive hiring sentiment across sectors would certainly have an optimistic impression on the economy as a whole in the months to come," Modi added.

The employment index is an indicator of monthly online demand for jobs. It is based on a real time review of job opportunities culled from a large, representative selection of online career outlets, including Monster India.

Online demand improved in eight of the 13 occupation groups monitored by the Index. The long term growth momentum improved significantly for arts/creative professionals.

The group recorded a 17 percentage point improvement in the pace of growth from 42 percent in January 2015 to 59 percent in February 2015.

The report said that 10 of the 13 cities monitored by the index exhibited positive year-on-year growth.

The growth rate in online recruitment in Baroda (up 22 percent) was steepest among all monitored cities, followed by Ahmedabad (17 percent).