Index is a monthly gauge of online job posting activity
YoY demand for software, hardware, telecoms pros up 16%
ONLINE recruitment company Monster Worldwide Inc has launched its Monster Employment Index Singapore, which showed a 6% growth in online recruitment activity between May 2013 and 2014.
The pace of long term-growth moderates from that in April 2014, the company said in a statement.
“The Index is based on data collected throughout the past calendar year, which showed subdued hiring in 2013,” said Sanjay Modi (pic), managing director, Monster.com (India/ Middle-East / Hong Kong / South-East Asia).
“To date, online job postings through 2014 appear to be more positive. May 2014 marked the third successive rise in the number of in postings, driven primarily by growth in the service sector.
“For example, BFSI, IT, Telecom/ ISP, information technology, hospitality, retail/ trade and logistics, media and entertainment sectors all showed gains,” he added.
The Monster Employment Index Singapore is a monthly gauge of online job posting activity based on a real-time review of millions of employer job opportunities, culled from a large representative selection of career web sites and online job listings across the country, Monster said.
The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the entire industry, the company added.
The banking, financial services and insurance (BFSI) industry charted the steepest year-on-year growth among all sectors, while recruitment activity eases the most in the import/ export sector, Monster said.
Among occupation groups, finance and accounting followed by software, hardware, telecom personnel register the most notable growth in demand year-on year.
Year-on-year, online demand for software, hardware, telecom professionals improved, up 16%. The group ranked second from the top in the long-term growth chart.
At the same time, it recorded the steepest growth among all occupation groups (month-on-month) following a dramatic drop between March and April 2014.
The Monster Employment Index’s underlying data is validated for accuracy by independent, third-party auditing firm Research America Inc to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%.
Monster said it has taken due care in compiling and processing the data available from various sources, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action/ decision taken or for the results obtained from the use of such information.
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