Job postings see a pick-up of 6% in February 2021 compared to January 2021: Monster Employment index

Job posting activity in February 2021 has seen a 6% growth compared to January 2021, the Monster Employment Index, a job analysis report by Monster.com, a Quess Company, has revealed.However, compared to February 2020, the overall index still showcases a significant drop of 15%. The reason being the impact of the pandemic across some of the key sectors.When it comes to the month-on-month growth, all industries have shown growth with Import/Export (10%), FMCG, Food & Packaged Goods (9%), and Printing & Packaging (9%) witnessing significant increase in job postings in February 2021 as compared to January 2021. Although several industries are still at a decline compared to February 2020, few industries such as Agro-based and Telecom/ISP have grown by 11% and 10% respectively in February 2021, compared to last year (February 2020).There is a positive growth trend in job postings in all the major cities. Ahmedabad (17%) and Bangalore (10%) have shown maximum growth compared to January 2021.As far as the yearly trend is concerned, although there is dip in hiring demand in almost all the cities, some of the industries showed notable growth; IT – Hardware, Software in— Hyderabad ( 15%), Bangalore ( 14%) and Chennai ( 11%) saw an uptrend. Among functions, Software, Hardware, Telecom in — Bangalore ( 17%), Hyderabad ( 15%) and Chennai ( 9%) reflected huge demand for professionals.Further, overall growth in job postings is reflected across all experience levels right from entry level (0 -3 years) to senior level roles (> 15 years’ experience) in February 2021 compared to January 2021. The demand for Senior professionals with more than 15 years’ experience has grown by 19% over last year. Sekhar Garisa, CEO – Monster.com said in a release, “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 & entertainment continue to do well. Travel and tourism still face their set of challenges. However, it has seen improvement from where it was during the onset of the pandemic. With the COVID vaccine rollout being initiated and the nation gears up to be workplace-ready, we can hope for improvements and new opportunities to open up in the coming months.”
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