According to a leading job portal, the growth momentum in the hiring landscape of the country would largely be dependent on the outcome of the general elections as a stable government would further boost current recruitment scenario. (Agencies)
The Monster.Com employment index, a monthly gauge of the country's online job demand, rose by 18 points to 151 in March, from 133 in the same period last year, signalling that employers are optimistic about their hiring plans.
"Monster Employment Index has been maintaining resolute growth rates in the last three months in succession in 2014. This re-affirms a positive hiring outlook for the current year," Monster.com (India/Middle- East/South East Asia) managing director Sanjay Modi said.
Modi further said that this momentum would be dependent on the outcome of general elections.
"A stable government will help build and strengthen business confidence; increased investments in core sectors will help drive the economy and shape the recruitment scenario in India," he said.
Sector-wise, home appliance and IT are among the top growing sectors, with healthcare, bio technology and life sciences, pharmaceuticals recording the least growth. On a year-on-year basis, online hiring activity exceeded in 17 of the 27 industry sectors monitored by the Index.
On a month-on-month basis, the index, however, registered a slight decline since October 2013.
Meanwhile, online hiring expanded in 10 out of the 13 occupation groups monitored by the Index. Among occupation groups online demand expands the most at the senior management level in March yet again.
A city-wise analysis shows that online opportunities exceeded the year-ago level in 9 of the 13 cities monitored by the Index. Bangalore continues to lead all monitored cities charting 32 percent growth in the year.
Among the major job markets, Hyderabad (up 20 percent) and Delhi-NCR (up 16 percent) also recorded double digit annual growth rates. While Mumbai and Chennai registered eight percent and seven percent growth respectively, the report said.
According to a leading job portal, the growth momentum in the hiring landscape of the country would largely be dependent on the outcome of the general elections as a stable government would further boost current recruitment scenario.