June 6, 2016

Online hiring activity falls for 2nd consecutive month in May

Online hiring declined for the second consecutive month in May, but sectors like e-commerce, manufacturing and automotive registered a significant growth in their recruitment activity.

The Monster Employment Index (MEI) for the month of May stood at 242, down two points from April and registering a decline of 27 over the corresponding period a year ago. The online recruitment activities have seen a decline of 25 percentage points from a robust 52 in January this year.

"The MEI reveals that the online hiring sentiment is on a slow paced growth. This hiring downturn can be attributed to domino effect caused by a global slowdown," Monster.com India Managing Director Sanjay Modi said.

Read more at: http://www.moneycontrol.com/news/business/online-hiring-activity-falls-for-2nd-consecutive-monthmay_6815581.html

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