Online hiring demand increased in May 2021 by 56% according to the reports

The Monster Employment Index is a job analysis report by Monster.com. It shows that despite the second wave hitting the nation there is an overall job posting saw an increase of 4% year-on-year in May.

 "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 and software hiring witnessed a year-on-year growth of 67% in Bangalore and 49% in Hyderabad," said the report. 

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 city’s year-on-year, the reports added.

Monster.com CEO Sekhar Garisa 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 are lesser in the hiring plans. Some industries have significant tailwinds due to the new normal and are flourishing in the new, dynamic environment."

There was a 49 per cent decline in the job postings in the travel and tourism space in May 2021. Other industries that witnessed a decline in May 2021 as compared to May 2020, were education (-31%) and engineering, cement, construction, iron/ steel (-20%) industries also witnessed a decline in hiring activities, year-on-year.