Online recruitment in India rose by 9% in May
India’s online recruitment activity grew by nine per cent and upsurge to 284 points in May 2022 compared to May 2021’s 260 points, according to the latest Monster Employment Index.
According to Monster, the “relatively reserved level of recruitment” during this period reflects employers’ cautious sentiment in line with inflation driving up costs.
The report also showed that 22 of the 27 industry sectors monitored by the Index registered an expansion in recruitment activity between May 2021 and May 2022.
The import and export industry registered the highest and steepest year-on-year job demand with 47%, followed by the BFSI (banking, financial services, and insurance) with 38%.
Meanwhile, the finance and accounts function will likely drive the job market this year as it recorded the most growth in opportunities y-o-y with 49%
The logistics/supply chain (-2%) function was the only one to register a decline in annual growth among job roles at two per cent.
As for expertise, the demand for entry-level job seekers with experience of 0-3 years saw an upsurge by 19%. Hiring for Intermediate level roles with an experience of 4-6 years increased by 19%. Mid-senior level roles with 7-10 years of experience also witnessed a notable increase of 21%.
Hiring for senior-level roles with 11-15 years of experience marked 12% growth. Leadership roles with experience of 16+ years exhibited the steepest increase of 19% among all experience levels.
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Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
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