Monster Employment Index Middle East charts 15% growth year-on-year
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.
“Monster Employment Index Middle East has charted an average annual growth of 14% since September 2013. Retail/Trade and Logistics; and BFSI have been some of the most steadily growing sectors. This month we observe significant growth in the hospitality sector as well, while the Oil and Gas sector has been the most restrained as far as growth in online hiring is concerned. Meanwhile strong growth is predicted in Hospitality and Retail sectors,” said Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia).
Industry Year-over-Year Trends: Monster Employment Index exhibited improved year-on-year trends in eight of the 13 monitored industry sectors.
• Retail/Trade and Logistics led all industry sectors charting 28% growth on the year. This is the highest year-on-year growth rate recorded in the sector since November 2012. The sector also witnessed an 11% month-on-month growth; the highest among all sectors
• BFSI (up 21%) also exhibited a 17 percentage point improvement in the long-term growth momentum between February and March 2014. BFSI is one of the most consistently growing sectors in the region
• Online opportunities in the Hospitality (up 11%) sector surpassed the level achieved a year-ago for the first time since November 2013. The index reading for the sector moved closer to December 2013 with a 10% growth in month-on-month recruitment activity
• Production/Manufacturing, Automotive and Ancillary (down 6%) continues to chart negative annual growth rates starting November 2012
• Online recruitment activity in the Oil and Gas (down 13%) slipped below the year-ago level yet again. The sector charted the steepest annual decline among all monitored sector
Occupation Year-over-Year Trends: Seven of the eleven occupation groups monitored by the Index exhibited a positive growth in annual demand.
• Marketing & Communications/Arts/Creative (up 52%) professionals saw the most notable growth in demand among all occupation groups for the third month in succession
• Annual online demand for Finance and Account (down 2%) even though negative saw significant improvement between February and March 2014; up 10 percentage points from -12% in Feb’14
• Online demand for Health Care (down 7%) professionals failed to match that of the corresponding period a year-ago for the first time since April 2013
• Among occupation groups, Customer Service (down 13%) registered the steepest annual decline
Geographic Year-over-year Trends: Online job availability improved in four of the seven countries monitored by the Index.
• Egypt (up 28%) supplanted Kuwait (up 21%) to lead all monitored countries by the way of long-term growth
• Bahrain (up 2%) saw a positive growth in annual recruitment activity following low level in February 2014 and also the most notable month-on-month growth. The Index reading moved closer to November and December 2013
• KSA (down 14%) exhibited negative annual growth for the second month in succession. UAE (down 16%) recorded a negative growth for the thirteenth month, also the steepest annual decline among all countries
• Monster Employment Index KSA records 14% drop, year-on-year
• BFSI leads all sector year-on-year while Consumer Goods/ FMCG, Food & Packaged Food , Home Appliance, Garments/ Textiles/ Leather, Gems & Jewellery charts the steepest annual decline
• Among occupation groups, Sales and BD exhibit the most notable growth in annual demand
• Monster Employment Index UAE charts fewer opportunities than a year-ago for the thirteenth month; down 16%
• BFSI leads all sector year-on-year.
• IT and Telecom/ISP sector registers the steepest decline
• Purchase / Logistics / Supply Chain professionals continue to chart the maximum annual improvement in demand, year-on-year
Priyanka Sharma Kaintura
+971 55 326 2251