Bangalore and Hyderabad lead in recruitment in August 2021 thanks to demand in IT sector: Monster Employment Index
Data from the Monster Jobs Index shows that there was a slight increase in vacancies in August 2021, with an increase of 1% from the previous month, July 2021. Job vacancies overall have improved by 14% year over year (August 2021 vs. August 2020), indicating a strong recovery underway. Despite the impact of the second wave of the pandemic, job demand has grown sequentially by 5% over the past six months.
August 2021 saw industries such as apparel / textiles / leather, gemstones and jewelry (24 percent) and production and manufacturing (8 percent) grow at a tremendous rate due to seasonal hiring demands. with the start of the holiday season (August 2021 vs July 2021).
In addition, in terms of functions, Marketing and Communication (17%) experienced the strongest month-over-month growth, widely observed in metropolitan cities. Additionally, recruitment for mid-level positions (7-10 years) showed monthly growth of 3% in August 2021 compared to July 2021.
Hiring activity in metropolitan cities such as Bangalore (59%), Hyderabad (34%), Pune (40%), Chennai (37%), Delhi-NCR (14%) and Mumbai (16%) has noted a year-over-year increase, largely driven by the computer hardware and software industry. Coimbatore (7%) also showed promising growth in job vacancies among Tier 2 cities.
Clothing / Textiles / Leather, Gemstones and Jewelry See Massive Increase in Jobs
In August 2021, online hiring demand saw positive monthly growth in apparel / textiles / leather, gemstones and jewelry (24%), followed by production and manufacturing (8%), petroleum / gas / oil / electricity (6%), maritime / maritime transport industries (4%) and BPO / ITES (3%).
The increase in job postings could be attributed to the looming holiday season and seasonal hiring demands across industries.
The Union Cabinet’s approval of the PLI regime for textiles is expected to further stimulate growth in the sector. Travel and tourism (2%) which saw massive growth in MoM in July 2021, continue to show a positive outlook in August 2021. However, industries such as engineering, cement, construction, iron / steel (-7%), the agro-food industries (-6%), FMCG, Food & Packaged Food (-5%) and Logistic, Courier / Freight / Transportation (-4%), which slight improvement in the previous month, saw a drop in vacancies this month. months, compared to July 2021.
A year-over-year comparison (August 2021 versus August 2020) indicates strong growth in online recruiting activity in the areas of computer hardware, software (39%), followed closely by the maritime / marine transport (37%) and telecommunications / ISP (36% percent) industries. Other industries such as banking / financial services, insurance (33%), production and manufacturing (20%) and retail (11%) also show a positive increase in hiring demand in year-over-year. However, industries that were deeply affected by the second wave of the pandemic, such as travel and tourism (-27%) and education (-18%) continue to experience an annual decline.
Coimbatore sees hiring increase year over year in Tier 2 cities
As of August 2021, city trends saw moderate monthly growth in job vacancies in Mumbai (3%), Hyderabad (3%), Chennai (3%), and Coimbatore (2%). However, cities that performed quite well in the past month, such as Kochi (-4%), Calcutta (-4%), Chandigarh (-1%) and Jaipur (-1%) saw a monthly drop of l job posting activity (August 2021 vs July 2021).
Year over year (August 2021 vs. August 2021), the demand for talent continues to thrive in metropolitan cities such as Bangalore (59%), Hyderabad (34%), Pune (40%), Chennai (37 %), Delhi-NCR (14%) and Mumbai (16%), largely driven by the hardware and software industry. The rapid growth of startups in metropolitan areas and government initiatives such as Make-in-India have largely contributed to this growth. It is also noteworthy that among the Tier 2 cities, Coimbatore (7%) recorded an increase in hiring activity, while Jaipur (-20%), Kolkata (-16%), Baroda (-11 %), Ahmedabad (-6 percent) and Chandigarh (-1%) experienced year-over-year declines.
The marketing and communication function is experiencing monthly growth of 17%
In a month-to-month comparison, Index data indicates that Marketing and Communications (17%) experienced the strongest job vacancy growth, widely observed in metropolitan cities. Customer service (2%), software, hardware, telecommunications (2%), and hospitality and travel (1%) functions experienced a moderate slope, while healthcare (0%) and finance and accounts (0%) posted moderate growth in August. 2021 (August 2021 vs July 2021).
Online demand for professionals in software, hardware, telecommunications (50%), senior management (35%), marketing and communications (15%), and finance and accounts (11%) continues indicate an increase in job vacancies from year to year. (August 2021 vs August 2020). Functional roles in customer service (-27%), healthcare (-13%), sales and business development (-9%) and hospitality and travel (-4%) continue to struggle against the maximum drop from one year to the next job vacancies in August 2021.
Jobs for mid-level profiles experience the strongest growth in MoM
Hiring demand for mid-level positions (7-10 years) saw optimistic month-over-month growth (August 2021 vs. July 2021) at 3%, followed closely by mid-level positions (4-6 years) and entry-level positions (0-3 years) at 2 percent and 1 percent respectively. However, the hiring of senior executives (over 16) was down (-2%) month over month.
Compared with August 2020, data for August 2021 shows that job vacancies for high-level professionals have seen the highest growth at 70%. The intermediate level (30%), the intermediate level (27%) and the senior level (17%) also saw a positive increase. However, entry-level profiles only experienced a slight annual growth of 4% (August 2021 vs. August 2020).
Sekhar Garisa, CEO of Monster.com, a Quess company, said: “With India recovering from the second wave of the pandemic, there was stable positive job posting growth in August. 2021. In addition, with the imminent holidays and demand seasons, we expect hiring activity to flourish in the coming months, as we have already seen in the textile and clothing industries. the making. The hiring landscape in metropolitan cities has also been steadily increasing since May 2021, in all sectors. “
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Posted on: Monday September 20, 2021 13:27 IST