Online recruitment across India zooms 60% in October

TCS to hire 55,000 people in FY 2014 against earlier target of 50,000
As a sign of economic revival and increasing use of technology, online recruitment across India zoomed 60 percent in October, with manufacturing hiring most, a leading placement agency said in a report on Thursday.

“Our finding shows a 60 percent growth in online recruitment in October as against 28 percent in August, led by production and manufacturing,” online career and recruitment agency Monster India said in a survey-based report.

Online recruitment also doubled on annual basis with 112 percent growth in opportunities this year in the manufacturing space across the country.

“The growth momentum improved 11 percentage points from September to October, which hint at ease of doing business and more foreign direct investment (FDI) flowing into the country,” Monster India managing director Sanjay Modi said in a statement.

Claiming that mood was upbeat amid cautious optimism, Modi said online hiring improved in 25 of the 27 industry sectors since January 2014, with recruitment in banking, financial services and insurance (BFSI) growing at 96 percent after manufacturing.

“Hiring in the IT sector spanning software and hardware grew 84 percent in October as in September, while it was up 42 percent in back-office and IT-enabled services (ITES),” Modi asserted, citing the report.

Hiring in automotive, ancillaries and tyres sector also grew in double digits (19 percent) as against 21 percent in September.

“Healthcare, bio-technology, life sciences and pharmaceuticalsAregistered a robust 66 percent growth in hiring in October as against 44 percent in September,” Modi added.

Online recruitment in government, defence and state-run firms declined two percent in October, while it was four percent less in oil, gas, petroleum and power sectors due to fewer opportunities.