Bangalore: According to monster employment index, it has registered a single digit growth by 6 percent from the past 18 months. The index has shown a growth in points by 105 points in the month of August 2010 to 120 points in January 2012. However, the percentage of the employment growth has declined to 6 percent in the year over year basis. Sanjay Modi, Managing Director, Monster [India/Middle East/South East Asis] said that, as per the present global economic conditions, it is not surprising to see the continued single digit annual growth in the index. He also added that, in spite of this, the employers have started the year on a relatively positive note with continued recruitment within large sectors like that of IT, FMCG and Import/Export.  

If you look at the Industry’s year over year trends, the Social Services or NGO sector has exhibited the highest annual growth among all the sectors up by 31 percent. The Banking/Financial Services/Insurance sectors has emerged from its subdued recruitment period of recent months and it has gained 9 points between December 2011 and January 2012 and over the past year, this sector has gained 3 percent in the index. IT hardware and software sectors have registered the first positive month-on-month growth since the year September 2011 with up by 20 percent. But  production and manufacturing sectors and other related logistics, transportation sectors have started the present year with lower online levels than a year ago with down by 4 and 10 percent respectively. Apart from all the above sectors, the Government/PSU/Defense sectors have registered the most notable year-over-year decline among all the industry sectors with down by 21 percent.    

In the occupation year-over-year trends, 10 out of the 13 occupational groups’ online demand have improved between January 2011 and January 2012. Health care occupation with up by 22 percent is followed by Arts/Creative occupation with up by 19 percent is charted as the most substantial annual gains amongst all the occupational groups. However, the Finance and Accounts occupations have registered its first positive growth since September 2011. Online demand for Sales and Business Development professionals has recovered with up by 17 percent on a month-on-month basis. The Hospitality and Travel, Marketing and Communications have exhibited the steepest annual decline among all the occupational groups with down by 5 and 4 percent respectively.

In the Geographical year-over-year trends, it has been reported that Kochi [up 22 percent] followed by Coimbatore [up 21 percent] have led all the other major cities in the annual growth. It is surprising to know that, among all the major metro areas, the Silicon City Bangalore is the only city to register a double-digit annual growth and the other metro cities Mumbai and Chennai have remained amidst slowest growth markets in the index as these two cities have edged down by 3 percent on an annual basis.