56% Industries Exceed Online Hiring Demand In May 2021: Report

56% Industries Exceed Online Hiring Demand In May 2021: Report

56% of the industries have exceeded online hiring demand as compared to the same time last year (May 2021 vs. May 2020), according to Monster Employment Index.


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. IT - Hardware, Software hiring witnessed a year-on-year growth of 67% in Bangalore and 49% in Hyderabad. Industries that indicate the highest year-on-year growth in hiring across the key cities are Banking/ Financial Services, Insurance and IT - Hardware, Software.


Among the functions, Software, Hardware, Telecom indicate growth across all the key cities such as Bangalore (79%), Hyderabad (62%), and Chennai (50%). Overall recruitment activities showed a phenomenal uptrend in most of the cities year-on-year.


Online hiring for Top Management levels greater than 16 years of experience witnessed a spike of 66% compared to last year (May 2021 vs. May 2020). Those for Senior Management professionals (11-15 years), Mid-Senior professionals (7-10 years), and Intermediate roles (4-6 years) saw an increase of 14%, 20%, and 13% Year-On-Year. However, job postings for entry-level profiles (0-3 years) have declined by 11% Year-On-Year (May 2021 vs. May 2020).


Sekhar Garisa, CEO - said, "It is promising to see an improvement in hiring despite the impact of the second wave of the pandemic. Industries and functions have now learned to adapt to the current situation and hence the disruption is lesser in the hiring plans. Some industries have significant tailwinds due to the new normal and are flourishing in the new, dynamic environment. With Government & Organizations across the board working on an aggressive vaccination program, we are hopeful for quicker restoration of normalcy and accelerated hiring scenario.”





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