The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. 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 industry.
“Online recruitment as per the Monster Employment Index is significantly above that in the corresponding period a year ago. However, the growth momentum this month is the lowest since September 2013. The growth impetus in the region this year has been primarily driven by growth in BFSI; Retail/Trade and logistics; Hospitality; and also the Healthcare sector. The UAE continued an upward trend, with a 26% year-on-year growth.”
“KSA edged up by 8% between July 2013 and 2014 with Advertising, Market Research, Public Relations, Media and Entertainment charting the steepest annual growth among all industry sectors. While the Oil and Gas industry is showing a notable annual decline, the Sales and BD professionals continue to lead the way in terms of long-term growth,” said Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia/ Hong Kong).
Industry Year-over-Year Trends: Seven of the 13 industry sectors monitored by the Index exhibited improved annual growth trends this month
• Chemicals/ Plastic/ Rubber, Paints, Fertilizer/ Pesticides (up 30%) saw the steepest growth in online recruitment, year-on-year, among all industry groups. The Index reading for the series at 92 has drawn closer to the baseline of 100 following low level since October 2013.
• Hospitality (up 29%) saw annual growth momentum ease 19 percentage points between June and July 2014. Nevertheless, online recruitment in the sector is significantly above the year-ago level. The group ranked second for the top by the way of long-term growth rate. The sector saw fewer opportunities on the month, down by 13% having charted steep growth the previous month.
• There has been significant growth in Retail/Trade and Logistics sector as well from the year-ago. The group witnessed a 10 percentage point’s improvement in the pace of long-term growth; from 17% in June to 27% in July. It is notable however that online recruitment in the sector has eased much from the six month level (i.e. January 2014).
• IT and Telecom/ISP (down 1%) saw fewer opportunities on the year for the first time since July 2013. The index reading for the sector has hovered below the baseline since March 2014.
• Online recruitment in Production/Manufacturing, Automotive and Ancillary (down 5%) continues to be lower than the level attained in the corresponding period the previous year. The sector has been charting incessant negative annual growth rates since November 2012. In the Oil and Gas sector, online recruitment matched the year-ago level.
• Online recruitment in Consumer Goods/ FMCG, Food & Packaged Food, Home Appliance, Garments/ Textiles/ Leather, Gems & Jewellery dropped 20% from July 2013; the steepest decline among all monitored industry sectors.
Occupation Year-over-Year Trends: Online demand expanded in nine of the eleven occupation groups monitored by the Index.
• Hospitality and Travel (up 38%) charted steep growth in online demand between July 2013 and 2014. Despite moderation in pace, demand for the group has been the highest in terms of year-on-year growth.
• Purchase / Logistics / Supply Chain registered a sharp 23% growth in demand year-on-year following low levels since December 2013. The group ranked among top five in the long-term growth ladder. The group also saw a positive growth in demand on the month for the first time since February 2014. The Index reading for the series, nevertheless, continues to remain below the baseline of 100.
• Year-on-year, Software, Hardware, and Telecom (up 1%) has exhibited only marginal growth in demand. The sector which exhibited double-digit annual growth rates from September 2013 until April 2014 saw the rate of long term-growth ease to a one-digit level in May 2013. Online demand for the group has stayed close to the year-ago level since then.
• Health Care (up 20%); and Engineering and Production (up 12%) aside all occupation groups monitored by the Index saw the rate of growth of long-term demand ease between June and July 2014.
• Legal (down 3%); and Customer Service (down 8%) are the only groups to exhibit a negative annual growth. It is notable, while Customer Service continues to chart the steepest annual decline among all occupation groups, the growth momentum has improved from a negative 29% in June 2014 to a negative 8% in July 2014.
Geographic Year-over-year Trends: Online job availability improved in six of the seven countries monitored by the Index.
• UAE (up 26%) registered the most notable growth in online opportunities, year-on-year, among all monitored countries yet again. This is the third positive growth in succession following fourteen months of slump. UAE also registered a marginal 1% growth from June 2014 and was the only country to witness a positive growth on the month.
• KSA (up 8%) saw further improvement in the long-term growth momentum while online recruitment in Bahrain exceeded the year ago level by marginal 1%. The growth momentum in Egypt slowed this month. Online recruitment in Egypt surpassed the year-ago level by 3%; the first single-digit annual growth in 14 months.
• Qatar is the only country to exhibit a negative annual growth even in July. Recruitment trend worsened further as available opportunities slipped down by 8% from the year-ago level from a negative 5% in June 2014.
Monday, August 11- 2014 @ 13:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.