Recruitment demand down 3% in October: report – Times of India

MUMBAI: Demand for phased recruitment fell by three per cent in October, mainly due to a decline in recruitment of professionals in the procurement, logistics and supply chains, following a festive recruitment hike in September, according to a report.

Data from the Monster Employment Index indicates that demand for employment in October fell by three percent compared to September 2021.

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However, there has been a strong recovery year after year, with a nine percent increase in October compared to the same month in 2020, it added. “In October, we saw a three per cent drop in monthly recruitment activities. This is an annual trend that we noticed after the festive recruitment growth.

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“It’s encouraging to see the travel and tourism industry wiped out by the effects of the epidemic and pave the way for a real revival. We’re seeing an office-to-office trend with increasing automation and huge demand for office supplies,” said Sekhar Garissa, CEO of Quess Company Monster.com. Officer.

Moreover, the recruitment space is looking for entry-level talent as many more companies are looking to recruit newcomers, he added.

The Monster Employment Index is a monthly comprehensive and comprehensive analysis of online job posting activities conducted by Monster India.

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The index also showed that as more companies resumed work in the physical office and increased automation efforts, the highest number of job postings per month in the office equipment or automation industry (30 percent) increased, then revived. Travel and tourism (6 percent) and telecom or ISP (5 percent) industries.

Industry cents such as banking, financial services, insurance (4 percent), IT-hardware and software (3 percent), advertising, market research, public relations (2 percent), education (2 percent) and retail (1 percent) Also showed a positive monthly increase.

Most industries tend to recover the number of recruits. Some sectors or ITeS (-1) such as shipping and marine (-11 percent), healthcare, biotechnology and life sciences, pharmaceuticals (-3 percent), manufacturing and manufacturing (-1 percent), media and entertainment (-1 percent) and BPO Percent) saw a month-on-month decline in job postings in October.

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It added that with the continued revival of the travel and tourism industry in October, recruitment for hospitality and travel professionals (5 percent) has witnessed the highest monthly growth in October 2021. It follows professions such as senior management (4 percent), HR and admin (3 percent), arts / creative (2 percent), finance and accounts (1 percent) and customer service (1 percent).

Software, hardware telecom, engineering / manufacturing, and marketing and communications witnessed a silent growth in October. Purchasing, logistics, supply chain (-5 percent), legal (-4 percent), sales and business development (-3 percent) and healthcare (-2 percent) saw a monthly decline in job posting activity.

According to the index, the demand for marketing and communications professionals in Kolkata has increased by 13 per cent per month.

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In October, trends indicate that Tier-2 cities, such as Coimbatore (3 percent) and Jaipur (1 percent), have seen the highest monthly growth in job postings.

Hyderabad, Kochi, Mumbai, and Delhi-NCR, which had earlier seen a decline in recruitment activity, have stabilized over the month.

However, despite the demand for recruitment at the festival, Kolkata (-5 per cent), Bangalore (-2 per cent), Pune (-2 per cent), Chandigarh (-1 per cent), Ahmedabad (-1 per cent) and Chennai (-1 per cent) have jobs. Witness the monthly decline in posting activity, it added.

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