Job postings rise in February says report
NEW DELHI [Maha Media]: Job postings went up in February, mainly led by hiring activities in FMCG, food and packaged goods sectors, according to a report. Monster.com's Monster Employment Index showed that job postings witnessed a six per cent sequential growth in February.
The report revealed that most of the industries have shown growth with import/export (10%), FMCG, food and packaged goods (9%), and printing and packaging (9%), BPO/ITES (7 %), banking/financial services and insurance (7%) and garments/ textiles/ leather /gems and jewellery (7%), witnessing significant increase in job postings in February as compared to January this year. Whereas, engineering, cement, construction, iron/ steel declined by 3%, home appliances 5%, and retail 6% In terms of year-on-year (y-o-y) growth, the overall index in February still showcases a significant drop of 15% mainly on an account of the impact of the pandemic across some of the key sectors.
Industries like travel and tourism witnessed a decline of 62% in February as compared with the year-ago period, education by 42%, oil/gas/petroleum, power 37%, and BPO/ITES 36% dragged the index down as they are still significantly down from pre-COVID levels.
However, agro-based industries witnessed an 11% rise in hiring activities and telecom/ISP 10% in terms of y-o-y comparison. “While shifts in the job market have their ups and downs, with some sectors faring better than others, segments such as IT and telecom, alongside agro-based industries and media and entertainment, continue to do well. Travel and tourism still face their set of challenges.