The Indian IT sector, which faced job cuts due to sluggish growth, has witnessed substantial growth in online hiring, according to a report by Monster, global employment portal.
The IT sector which faced the brunt of extensive job cuts, charted a positive trend in July, witnessing 51% year-on-year (Y-o-Y) growth over June in online hiring. The education sector also witnessed a high growth rate of 74 July from 65% Y-o-Y in June, surpassing other sectors. While the overall job indexes posting a two per cent increase from June, the online recruitment grew 19% Y-o-Y across sectors. Online demand for healthcare professionals has also gone up 46% Y-o-Y while it was 41% Y-o-Y in customer service exports. However, online demand for senior management declined 38% Y-o-Y in July from 50% growth in June
The pro-active steps by the government has led to spruce in online hiring and education sector The IT sector is moving towards demand for people with specialized skills owing to digitization of manual processes, while the education sector has been doing well with double-digit growth in July, thanks to a slew of measures by the government early this year.
Online hiring also exceeded the year-ago level in 21 of the 27 industries, which are monitored by the index. Though hiring trend improved in the IT hardware, software and BPO/ITES sector, it declined 4% in production and manufacturing compared to year ago. E-recruitment in retail has slowed, as online opportunities slipped 2% below the year-ago level while shipping-marine sector slumped 9% over the year.
E-commerce sector posted a 4% growth, up from a negative 2% in June. Likewise, online demand increased for 11 of the 13 occupation groups monitored by the Index. E-recruitment increased in 12 of the 13 cities, led by Jaipur in Rajasthan (up 36%) followed by Chandigarh in Punjab (35%) and Coimbatore in Tamil Nadu (up 32%). With 26%, Bengaluru had shown steep growth Y-o-Y in online hiring, followed by Chennai 18%.