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Online IT sector hiring on the rise

BENGALURU: The Indian IT sector, facing job cuts over the months due to sluggish growth, witnessed 51% growth in July inonline hiring, said a global employment portal.

“The IT sector which was facing the brunt of extensive job cuts, charted a positive trend in July, witnessing 51% year-on-year (Y-o-Y) growth over June in online hiring,” Monster.com’s monthly employment index revealed.

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Similarly, pro-active steps by the government has led to online hiring in the education sector zoom 74% in July from 65% Y-o-Y in June, surpassing other sectors.

“July started on a positive note with our overall job index posting a two per cent increase from June, while online recruitment grew 19% Y-o-Y across sectors,” said Monster.com Asia-Pacific managing director Sanjay Modi in a statement here on Thursday.

Online demand for healthcare professionals has also gone up 46% Y-o-Y while it was 41% Y-o-Y in customer service exports.

“Online demand for senior management, however, declined 38% Y-o-Y in July from 50% growth in June,” Modi said on the occasion.

Margins of Indian IT firms under pressure: Nasscom

Though the IT sector’s apex body Nasscom reported a decline in tech jobs due to automation, the hiring portal showed the sector reviving from long-term deceleration.

“The IT sector is moving towards demand for people with specialised skills owing to digitization of manual processes, while the education sector has been doing well with double-digit growth in July, thanks to a slew of measures by the government early this year,” Modi asserted.

Online hiring also exceeded the year-ago level in 21 of the 27 industries, which are monitored by the index.

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Though hiring trend improved in the IT hardware, software and BPO/ITES sector, it declined 4% in production and manufacturing compared to year ago.
“E-recruitment in retail has slowed, as online opportunities slipped 2% below the year-ago level while shipping-marine sector slumped 9% over the year,” Modi recalled.
E-commerce sector posted a 4% growth, up from a negative 2% in June.
Likewise, online demand increased for 11 of the 13 occupation groups monitored by the Index.
E-recruitment increased in 12 of the 13 cities, led by Jaipur in Rajasthan (up 36%) followed by Chandigarh in Punjab (35%) and Coimbatore in Tamil Nadu (up 32%).
“With 26%, Bengaluru had shown steep growth Y-o-Y in online hiring, followed by Chennai 18%,” Modi added.

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