The Monster Employment Index (MEI) for India, reported a 19% year-on-year increase in online recruitment activities during July 2016.
The index looks at the number of job advertisements, including a breakdown by functions and industries. It includes employer job opportunities from a selection of career websites across India.
As per the study, the IT industry in India made a comeback with a growth of 51% YoY. This was after an extended period of deceleration. The sector now has demand for people with a specialized skill set, due to extensive digitization of manual processes.
The Education sector did well also and showed growth of 74%. There have been a host of government initiatives which made the sector perform well this year.
There was a big decline in demand for senior management roles . This was due to cost cutting across industries, with companies increasingly investing in low cost employees, as opposed to expensive senior level employees.
According to Sanjay Modi, Managing Director for Monster, APAC & Middle-East - “Overall, there is an atmosphere of impending optimism in the coming months in the Indian job market.”