Online hiring amongst banks jumped 17%

Hiring in the government and PSU sector dipped the most.

Recruiters have been increasingly turning to online hiring as e-recruitment activity in banks, financial services and insurance (BFSI) rose 17% YoY to 132 job postings in October, according to Monster’s Employment Index (MEI).

“While hiring in this sector has been stable, employers and banks will remain cautious when controlling the headcount, due to constant tech disruptions. Professionals must note that this fast pace of change in their industry means new skills may date rapidly,” said Monster.com managing director Sanjay Modi.

Online hiring in finance and account roles declined by 8% to 86 job postings.

Hiring in the IT, telecom and BPO industry also increased 5% YoY to 139 job openings whilst healthcare grew 4% YoY to 118.

Employment in healthcare grew the largest at 9% YoY to 125 job openings followed by engineering and production which increased 4% to 96.

Meanwhile, hiring in government and public-sector undertakings (PSU) dipped the most this year falling 10% to 77 vacancies.

The MEI is a monthly gauge of online job hiring activity by monster.com.