Backed by demand for talent in the IT sector, Bangalore city registered double-digit annual growth (of 18%) in the Monster Employment Index for India. Bangalore not only remained the strongest annual gainer among major metro-markets, but also was the only one among all major metros to report double-digit growth. Bangalore gained 19 points from January last year to 124 in January 2012.
The Monster Index, which is a monthly gauge of online job demand based on review of a large number of career web sites, grew to 120 in January 2012, from 115 in December 2011. On a year-on-year basis, the Index grew by 6%.
" Given the current global economic conditions, it is not surprising to see continued single digit annual growth in the Index. However, employers have started the year on a relatively positive note with continued recruitment within large sectors like IT, FMCG and Import/Export," said Sanjay Modi, managing director (India/ Middle East/ South East Asia), Monster.com.
Two other cities from South India - Kochi and Coimbatore, showed remarkable growth, leading the pack with more than 20% annual growth in the Index. While both Mumbai and Chennai fell by three points each on an annual basis on the Index, Delhi/NCR grew by 6 points to 119 over the last one year.
Among the sectors, social services and non-government organizations (NGOs) registered the highest annual growth of 31% on the Index, while banking & financial services emerged from its subdued recruitment period of recent months, gaining 9 points between December'11 and Januray'12. Over the past year, the sector has gained 3% in the Index.
The demand in IT talent could also be seen on the rise for the first time, after declining continuously since September 2011. The Index for IT (hardware and software) grew by 20% on an annual basis and is now close to the level of 143 in September 2011.
The most notable decline was the government/PSU/defense sector, which fell down by 21% to 101 during the last month. The corresponding figure for January 2011 was 128.
Other sectors that grew on an annual basis include agro-based industries (29%), import/export (27%), consumer goods, FMCG, food and packaged food (20%).
Among the sectors that fell down in the Index compared to January 2011 were production and manufacturing (-4%), printing & packaging (-5%), logistics, courier/ freight/ transportation (-10%), besides government and PSUs (-21%).
The Monster Index, which is a monthly gauge of online job demand based on review of a large number of career web sites, grew to 120 in January 2012, from 115 in December 2011. On a year-on-year basis, the Index grew by 6%.
" Given the current global economic conditions, it is not surprising to see continued single digit annual growth in the Index. However, employers have started the year on a relatively positive note with continued recruitment within large sectors like IT, FMCG and Import/Export," said Sanjay Modi, managing director (India/ Middle East/ South East Asia), Monster.com.
Two other cities from South India - Kochi and Coimbatore, showed remarkable growth, leading the pack with more than 20% annual growth in the Index. While both Mumbai and Chennai fell by three points each on an annual basis on the Index, Delhi/NCR grew by 6 points to 119 over the last one year.
Among the sectors, social services and non-government organizations (NGOs) registered the highest annual growth of 31% on the Index, while banking & financial services emerged from its subdued recruitment period of recent months, gaining 9 points between December'11 and Januray'12. Over the past year, the sector has gained 3% in the Index.
The demand in IT talent could also be seen on the rise for the first time, after declining continuously since September 2011. The Index for IT (hardware and software) grew by 20% on an annual basis and is now close to the level of 143 in September 2011.
The most notable decline was the government/PSU/defense sector, which fell down by 21% to 101 during the last month. The corresponding figure for January 2011 was 128.
Other sectors that grew on an annual basis include agro-based industries (29%), import/export (27%), consumer goods, FMCG, food and packaged food (20%).
Among the sectors that fell down in the Index compared to January 2011 were production and manufacturing (-4%), printing & packaging (-5%), logistics, courier/ freight/ transportation (-10%), besides government and PSUs (-21%).
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