BANGALORE: The Monster Employment Index has been depicting a steady and robust progress in the Indian recruitment industry. Studying the trends of various sectors, the media & entertainment industry has rocketed a 62 percent growth. Robust growth is exhibited by almost all the industry sectors monitored by the index like IT/ITES, Healthcare, Engineering& Construction, Production & Manufacturing, Travel and Education which indicates that the business sentiment is turning positive. We are hopeful that things will further improve in coming months.Ache din aane walen hain.” said Sanjay Modi, Managing Director, Monster.com.
Industry Year-over-year Trends:Online recruitment surpassed the year-ago level in 25 of the 27 industry sectors monitored by the Index.

Media & Entertainment (up 62 percent) supplants Home Appliance (up 54 percent) to lead all Industry sector by the way of long term growth. The growth momentum, however, eased slightly in both cases

Online recruitment in the Automotive/ Ancillaries / Tyres (up 11 percent) sector appears to have rebounded. The sector saw a positive growth on the month for the first time since March 2014 and a double digit annual growth. This is the second positive year-on-year since March 2013

Banking/ Financial Services, Insurance sector saw a 14 percentage point improvement in the pace of long-term growth; up from 10 percent in July 2014 to 24 percent in August 2014. Clearly online recruitment in the sector is going strong

The hospitality sector has also been charting robust annual growth rates since February 2014. Online recruitment in the Travel and Tourism sector exceeded the year-ago level by 52 percent this month. However, the Index reading for the series slipped below the six-month level by five percent

Telecom/ISP (up four percent) and Government/ PSU/ Defence (up 10 percent) exhibited positive annual growth rates following low levels the previous month

Shipping/Marine(down five percent)charted the steepest decline in online recruitment year-on-year
Read Also: 10 Odd Jobs That Pay Surprisingly High
Solar Energy Can Create 6.7 Lakh Jobs In India In 10 Years