Job market continues to improve; IT, agro industries leaders: Monster
In comparison to January 2020, job postings in some industries have improved, according to Monster Employment Index, by Monster.com - a Quess Company
PTI | February 11, 2021 | Updated 08:26 IST
The Monster Employment Index report is based on analysis of job listing data during January 2021, against the same month of 2020
The job market continues to improve sequentially across the country and job postings in some industries have improved, with some doing even better than the pre-Covid levels, led by IT, agro-based sectors, according to a report. In comparison to January 2020, job postings in some industries have improved, according to Monster Employment Index, by Monster.com - a Quess Company.
Hiring activity remains stable in January amid nationwide vaccine roll out: Monster Employment Index
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The index has been stable since November 2020, as hiring activity remained consistent with a neutral trend in the last quarter. However, there has been a year-on-year decline of 18% as of January 2021 compared to the previous year due to the impact of the pandemic.
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With the reopening of travel and reduced restrictions in vehicular movement, travel, and tourism, and automotive/ancillaries/tyres have witnessed an increase of 2% in job postings.
Hiring activity in India Inc continued to remain stable in January with no changes when compared to the previous month, according to the Monster Employment Index, a job analysis report by Monster.com, a Quess Company.
The data indicates that the employment index has remained consistent in December with no changes in regards to the previous month. However, owing to the pandemic and its impact across various job sectors, the overall index has dropped significantly by 15% as compared to the previous year (December 2019).
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There were more jobs on offer in India in December 2020 compared to the previous month, data from two studies has shown.
Both the Monster Employment Index and Naukri Job Speak report saw an uptick in hiring pace in December lead by sectors like healthcare and life sciences and especially in Tier 2 cities. Jobs in the the travel and tourism sector continue to reel under the impact of the Coronavirus lockdown.