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E-recruitment moves beyond IT, software to include engineering, financial sectors: Study

15-October-2005
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E-recruitment moves beyond IT, software to include engineering, financial sectors: Study

A study conducted by online job portal Monsterindia.com has revealed that e-recruitment, a concept popular in the IT and software industries, is now having a far-reaching effect on other sectors as well. Engineering and financial sectors in India are now emerging as leaders in online recruitment. The study has observed a 100 per cent growth in these sectors in 2005 compared to 2004.

The resume database strength in the engineering sector alone has grown by 117 per cent in 2005 as against 2004, while in the financial sector it has escalated by 98 per cent. The job growth in the two sectors has gained a momentum by approximately 250 per cent in 2005, compared to the previous year.

Elaborating on this trend, Dhruv Shenoy, VP Marketing, Monster Asia, said, “There are clearly two parts to e-recruitment – first is from the job seeker’s end, which ensures the ‘resume growth’, and the second is from the recruiter’s end, which ensures ‘job growth’. What is essential to note is that the engineering and finance sectors are growing at both the ends. This means that the demand for jobs is growing in keeping with the rise in the number of job openings in these sectors. While the resume growth in engineering sector and financial sector has been at the rate of 117 per cent and 98 per cent respectively, the job growth in these sectors is pegged at the rate of 250 per cent and 277 per cent respectively, and this is commendable.”

The comparative study has indicated the following results in the other sectors:

In 2005, resume growth in advertising and marketing has been 84 per cent; 72 per cent in the BPO sector, and 71 per cent in sales

The lowest resume growth has been registered in the IT sector at 29 per cent in 2005

Job postings in the advertising and marketing in 2005 has grown at a rate of 183 per cent BPO job postings has grown by 166 per cent and sales by 139 per cent

The IT sector registered lowest growth in job postings at 76 per cent in 2005

Shenoy further said, “The percentage growth of job openings in these sectors has remained much higher against the percentage growth in the resume growth. This illustrates the recruiter’s growing belief in “online recruitment” as a concept. The growing Internet penetration rate is also facilitating job seekers in finding the right kind of opening and is leading to the successful extension of online resume posting options.”

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