BREAKING NEWS

Online hiring up by 56% in May 2021: Monster Employment Index

Online hiring demand has improved in 15 of the 27 industries in May 2021 when compared to the data of May 2020 revealed Monster Employment Index, a job analysis shared by the popular job site Monster.com, a Quess company.
 
A year-on-year (May 2021 vs. May 2020) comparison shows hiring in 56% of the industries fared better as compared to the same time last year. It indicates that companies and employers are now better equipped to face the pandemic, despite the effect of the second wave. May has been promising showing growth despite the second wave and lockdowns. Compared to April 2021, May showed a growth of 1%, whereas May 2021 grew 4% compared to May 2020.
 
Overall job postings have also increased by 4% year-on-year (May 2021 vs. May 2020). When it comes to hiring for the Top Management level professionals, with 16 or more years of work experience, witnessed a growth of 66% year-on-year (May 2021 vs. May 2020).
 
While April 2021 witnessed a dip in job postings given the onset of the second wave of the pandemic, May 2021 showed green shoots of recovery. Data from May 1 to 31 has been considered for the Monster Employment Index.
 
Job postings across industries show promising growth
 
45% of the industries indicate positive month-on-month (May 2021 vs. April 2021) growth in job postings, with Retail (24%), Home Appliances (13%), and Telecom/ISP (10%) industries showing the highest growth.
 
Other industries that are doing well compared to the previous month include IT — Hardware, Software, Banking/Financial Services, Insurance, Office Equipment/Automation, and Healthcare, Bio Technology & Life Sciences, Pharmaceuticals.
 
Indicating a downward trend, the Travel and Tourism (-13%), Import/ Export (-11%), and Printing/ Packaging (-8%) continue to face the challenges of the pandemic with a decline in job postings.
IT - Hardware, Software (29%), Logistic, Courier/ Freight/ Transportation (25%) and Telecom/ISP (23%) industries indicated the highest growth in job postings.
 
However, Travel and Tourism job postings again showed a year-on-year decline with a 49% decline in May 2021. Education (-31%) and Engineering, Cement, Construction, Iron/ Steel (-20%) industries also witnessed a decline in hiring activities, year-on-year.
 
Bengaluru & Hyderabad rule among Indian cities in hiring growth
 
A monthly comparison (May 2021 vs. April 2021) shows growth in job postings at Kolkata (7%), Bengaluru (5%), Kochi (2%), and Pune (1%).
 
It is promising for cities such as Kolkata that have seen multiple dips in hiring as per previous MEI reports. Compared to April 2021, Ahmedabad (-10), Chandigarh (-6%), and Jaipur (-5%) witnessed a dip in job postings as of May 2021.
 
Year-on-year (May 2021 vs. April 2021) data indicates that the tech hubs of India show promising growth in hiring, the cities such as Bengaluru (46%) and Hyderabad (26%) have witnessed the highest growth in job postings.
 

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