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Online hiring drops 5% in Aug: Monster survey

\New Delhi: For the second month in a row, corporate India's online hiring activity fell by 5% in August, mainly due to less hiring in investment-led sectors like manufacturing, engineering & construction, reports PTI.

The Monster's Employment Index, a monthly gauge of the country's online job demand, declined by six points to 123 in August, as against 129 in July, said recruitment services firm Monster India in a survey.

"Monster Employment Index India has shown some slowdown in recruitment activity this summer, notably in investment-led industries, such as production/manufacturing, engineering, construction, iron and steel," Monster.com managing director (India/ Middle East/ South East Asia) Sanjay Modi said.

"However, the longer-term trend still reflects expansion, with the Index showing growth of 14% over the past six months," Mr Modi added.

Five of the 27 industry sectors monitored by the index saw positive hiring activity last month.

Online job demand in the BPO/ITeS sector dropped 5% between July and August, its first monthly drop observed since January this year.

Production and manufacturing sector noted the steepest month-on-month decline of 28% in August.

The related engineering, cement, construction, iron/steel industry, exhibiting one of the sturdiest six-month growth rates, also slid 3% in August from July.

Online recruitment activity in banking, finance and insurance exhibited the steepest six-month decline among the professional service sectors as it continued to fall in August.

Education, one of the most steadily growing industry sectors, witnessed its sharpest decline of 23% in August, the report stated.

Among cities, just five in 13 locations saw an increase in online job opportunities in the reviewed month.

Mumbai, Chennai (6% each) followed by Hyderabad (5%) led all major metropolitan markets by measure of monthly rise in job opportunities in August.

Delhi-NCR and Bangalore saw a decline in online job demand of 3% and 1%, respectively in August.
 

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