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Online job platform <keyword id="188512" type="General" weightage="20" keywordseo="monster-com" source="Orion">Monster.com</keyword> on Wednesday said that it has raised Rs 137.5 crore in a funding round led by <keyword id="6491998" type="General" weightage="20" keywordseo="mohandas-pai" source="Orion">Mohandas Pai</keyword> of Meridian Investments and Akash Bhanshali of Volrado Venture Partners, with participation from Quess, its parent company. The online talent platform said that the funds will be utilised towards enhanced investments on product development and marketing in India, SEA and Middle-East markets. Post the funding, Monster.com is now valued at $100 million. "The last year has been incredible for the company, achieving very healthy growth across all metrics. We have an exciting product and business road map in line with our view on how hiring will evolve in the next few years," said Sekhar Garisa, CEO, Monster.com, APAC &amp; ME. In 2018, Quess Corp acquired Monster.com's businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the UAE and Kingdom of Saudi Arabia. According to Pai, the next two years will see a huge increase in available jobs, thanks to high economic growth, and job seekers will find a high-quality platform to plan their careers. "As employers also prepare for a new decade and an employee-first mindset, the platform will help them create a differentiated experience and build deeper relationships with their teams from day one," Pai said. Monster.com has over 60 million active users in India. "Quess acquired Monster for an investment of Rs 145 crore and embarked on a 'Digital First' journey with the objective of creating long-term value for our shareholders and clients," said Ajit Isaac, Executive Chairman, Quess. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/check-out-snapdeal-top-executives-like-kunal-bahl-rohit-bansal-salary-for-year-2021/slidelist/88426612.cms" data-type="tilCustomLink">Snapdeal cofounders Kunal Bahl and Rohit Bansal will take home up to ₹5 crore in salaries from this year</a> <a href="https://www.businessinsider.in/tech/enterprise/news/apple-and-its-patents-in-2021-heres-what-the-tech-giant-could-bring-to-you-in-the-future/articleshow/88426551.cms" data-type="tilCustomLink">Apple and its patents in 2021: Here’s what the tech giant could bring to you in the future</a> <a href="https://www.businessinsider.in/science/space/news/scientists-find-more-evidence-of-possible-life-on-venus/articleshow/88425043.cms" data-type="tilCustomLink">Scientists find more evidence of possible life on Venus</a>

Job hunt platform Monster.com raises ₹137.5 crore from Mohandas Pai, others

As per the latest <keyword id="556615" type="UNKNOWN" weightage="100" keywordseo="Monster-Employment-Index">Monster Employment Index</keyword> (MEI) for India, June 2016 saw the <keyword id="137407" type="UNKNOWN" weightage="100" keywordseo="online-recruitment">online recruitment</keyword> activity growing 17% from last year. 
 Talking of specific sectors, while education saw a 65% y-o-y growth in <keyword id="393806" type="UNKNOWN" weightage="100" keywordseo="Online-hiring">online hiring</keyword>, IT saw a significant slowdown at 40% growth. 
 
As per a press release from Monster.com, growth in online hiring in the production and manufacturing sector was down 14% from June 2015, marking the biggest fall among all sectors that were monitored under the survey. 
 
The banking/financial services and insurance sector saw a growth of 10%. 
 
"The MEI for June 2016 suggests that the employment growth has eased in India across sectors," Sanjay Modi, MD of Monster.com for APAC &amp; Middle-East, told <a href="http://economictimes.indiatimes.com/jobs/online-recruitment-activity-grew-17-in-june-monster-com/articleshow/53263113.cms">ET</a>. "Among the sectors monitored, the IT - hardware, software has slowed significantly, registering a 40% y-o-y growth; 22 points lower than in May 2016." 
 
"Among the tier II markets monitored by MEI, Jaipur (29%), Chandigarh (39%), Coimbatore (24%) and Ahmedabad (28%) have witnessed positive y-o-y growth," he added. 
 He cited government's thrust on improving reach of digital technologies in such markets under the Digital India initiative to be a major driving force in the growth in <keyword id="3500966" type="UNKNOWN" weightage="100" keywordseo="e-hiring">e-hiring</keyword>. 
 
<a href="https://adeccocanadablog.files.wordpress.com/2013/11/e-recruitment.jpg">Image source</a>

Monster.com measures a 17% growth in online recruitment activity

<ul><li>The ongoing global economic contraction has trickled down to India with recruiters adopting a cautious approach to hiring.</li><li>India saw a 6 per cent drop in hiring activity (year-on-year) in October</li><li>Month-on-month job postings also saw a 5 per cent decline in the country.</li><li>Amid the slow down, jobs in automation showcased an increase (34 per cent) in hiring activity with companies maximising efficiency and productivity through tech.</li></ul>India saw a 6 per cent drop in hiring activity (year-on-year) in October, amid changing patterns in the start-up ecosystem, funding winter and fears of an upcoming recession, a report showed on Tuesday. Month-on-month job postings also saw a 5 per cent decline in the country. However, with companies ramping up internal initiatives to facilitate growth and government interventions in promising sectors, hiring projections for the coming months are expected to pick up, according to Monster Employment Index. The ongoing global economic contraction has trickled down to India with recruiters adopting a cautious approach to hiring. Amid the slow down, jobs in automation showcased an increase (34 per cent) in hiring activity with companies maximising efficiency and productivity through tech. Similarly, industries such as banking and finance and telecom did well, with technology driving innovation and growth in both sectors. Artificial intelligence and Blockchain are transforming the BFSI sector, while the onset of 5G is transforming the growth of telecom. "While macroeconomic conditions have pushed companies to adopt a watchful approach to hiring, the need for skilled talent is unlikely to ever go away. Hence, it is important that today's workforce upskill and reskill themselves on an individual and organisational level," said Sekhar Garisa, CEO, Monster.com, a Quess company. Tier 2 cities such as Coimbatore and Ahmedabad posted a marginal incline in job activity on an annual basis whereas demand fell in major metropolitan cities of India. Among tier 1 cities, hiring remained stable in Mumbai whereas metros such as Bangalore, Kolkata, Delhi-NCR and Hyderabad posted a downward trend in recruitment activities. Industries such as BPO/ITES and Media and Entertainment continued to demonstrate a declining hiring trend from the year-ago level. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/four-ipos-worth-5000-crore-to-open-this-week-all-you-need-to-know/articleshow/95361401.cms">Four IPOs worth ₹5,000 crore to open this week: All you need to know</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/policybazaar-operator-pb-fintechs-q2-loss-narrows-to-187-crore/articleshow/95361316.cms">Policybazaar operator PB Fintech’s Q2 loss narrows to ₹187 crore</a>

India saw 6% decline in hiring in October amid funding winter: Monster report

<ul><li>Demand for HR professionals saw an 11% increase in the month of July this year as compared to last year.</li><li>Banking, BFSI, finance and accounts professionals continue to remain in high demand.</li><li>Tier 2 cities like <keyword id="6361828" type="General" weightage="80" keywordseo="coimbatore" source="Orion">Coimbatore</keyword> and <keyword id="5065" type="General" weightage="80" keywordseo="ahmedabad" source="Orion">Ahmedabad</keyword> were among the cities which created the highest number of jobs.</li></ul>Some companies are trying to bring their employees to office, and some others are trying to make the most of the ones working from home. As companies struggle with the issues, they are now hiring more….HR people. According to a report by <keyword id="131455" type="General" weightage="80" keywordseo="monster" source="Orion">Monster</keyword> Employment Index, the demand for HR, admin and professional roles has increased by 11% this July. The demand for HR professionals was the highest in the month of April — which saw a growth of 36% year-on-year. Apart from HR, banking, financial services and insurance (BFSI), and accounts professionals continue to be high in demand. These sectors are the most promising job creators in the country with a continuous incline in hiring activity in the past year. The sectors that are cutting jobs are those engaged in marketing and communications, sales and business development – where hiring declined by 3% and 7%, respectively. “The demand for skilled candidates in India is continuously growing and in the post-pandemic market, acquiring new skills certainly holds a lot of value. For candidates today, being tech adaptive is key irrespective of the segment with every industry adopting digital transformation to stay relevant with the global market,” said <keyword id="12137505" type="General" weightage="80" keywordseo="sekhar-garisa" source="Orion">Sekhar Garisa</keyword>, CEO at Monster.com. <cmsannotation type="cmsannotation" annotationid="Tier 2 cities hired the most" comment="subhead" text="Tier 2 cities hired the most">Tier 2 cities hired the most</cmsannotation> Tier 2 cities like Coimbatore and Ahmedabad led the charge in hiring as companies are keen on setting up bases in smaller towns to tap local talent. “Tier 2 and tier 3 cities are seeing a number of SAAS and product companies. Lower set-up costs coupled with great infrastructure, government support and access to talent from good quality institutes have proven to be great determinants in how organizations, particularly startups, are choosing to venture into smaller hubs of India,” says the Monster report. Around eight out of 13 cities saw an annual growth in hiring in July. Out of metro cities, Mumbai registered the highest number of hiring. After Mumbai, Hyderabad, Delhi, Chennai did well with an increase of 8%, 6% and 4% respectively. Bengaluru and Jaipur noted a marginal dip in the hiring activity in the last month this year. "After months of uncertainty, the Indian job market has stabilized with hiring demand holding up in July, as anticipated. This is good news at a time when most countries are tightening their belts in fear of an upcoming recession,” Garisa added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/unicorns-and-startups-should-prepare-for-a-longer-funding-winter-says-softbanks-masayoshi-son/articleshow/93433136.cms">Unicorns and startups should prepare for a longer funding winter, says SoftBank's Masayoshi Son</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/less-than-50-of-children-attentive-in-class-post-pandemic-claims-survey/articleshow/93432259.cms">Less than 50% of children attentive in class post pandemic, claims survey</a>

As companies prepare to hire and retain, they're hiring more HR professionals

<ul><li>A positive outlook in the hiring trend was seen only after April when India was struggling with the fatal second wave of virus infections.</li><li>Most of the sectors in India, which were badly affected by the COVID-19 pandemic, also showed a strong positive recovery post the pandemic phase.</li><li>Production/Manufacturing and Banking, Financial Services and Insurance (BFSI) emerged as the most actively hiring sectors in 2021, registering a 31% increase in e-recruitment activity.</li></ul>The year 2021 can be marked as the phase of improvement and recovery after the setback of the COVID-19 pandemic. The impact spanned across industries and markets, also weakening the online job demand. A positive outlook in the hiring trend was seen only after April when India was struggling with the fatal second wave of virus infections. However, as per Pawan Goyal, the chief business officer of the employment website Naukri.com, hiring between January and November 2021 saw year-over-year growth of 60% in India. Most of the sectors in India, which were badly affected by the COVID-19 pandemic, also showed a strong positive recovery post the pandemic phase. A positive growth trend has been observed on a national level since May 2021. <cmsannotation type="cmsannotation" annotationid="IT, manufacturing, BFSI sectors saw the maximum growth in terms of workforce expansion" comment="subhead" text="IT, manufacturing, BFSI sectors saw the maximum growth in terms of workforce expansion">IT, manufacturing, BFSI sectors saw the maximum growth in terms of workforce expansion</cmsannotation> “Production/Manufacturing and Banking, Financial Services and Insurance (BFSI) emerged as the most actively hiring sectors in 2021, registering a 31% increase in e-recruitment activity. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sector </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year-on-year growth </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Telecom/ISP </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Automotive/Ancillaries/Tyres </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IT - Hardware, Software </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">23% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPO/ITES </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="3">Edit</td></tr></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="3">Edit</td></tr></tbody></table> Telecom/ISP sector followed closely charting 27% growth, while Automotive/Ancillaries/Tyres industry, IT - Hardware, Software and BPO/ITES industry recorded 25%, 23% and 18% growth respectively”, said Sekhar Garisa, chief executive officer (CEO) of Monster.com, another job and employment platform. The automotive sector saw a rise in job postings even when the sector was in slowdown.“ Vehicle launches in hybrid, EV and SUV segments are all gaining traction thereby increasing customer interest and demand. Companies are sitting on advance orders running anywhere from a 2-9 month waiting period for some models, some of which are also accentuated by the global chip crisis. Hence, organisations are hiring due to this enhanced demand, which once the chip crisis is behind us, will show up in automobile sales numbers. ” said Lohit Bhatia, president - workforce management at Quess Corp. Other than IT, manufacturing and BFSI sectors, e-commerce, retail also picked up pace in hiring this year, as there was a rapid improvement in consumer sentiment. <cmsannotation type="cmsannotation" annotationid="Hospitality, Travel and Tourism remained as one of the least growing sectors" comment="subhead" text="Hospitality, Travel and Tourism remained as one of the least growing sectors">Hospitality, Travel and Tourism remained as one of the least growing sectors</cmsannotation> The imposition of lockdown during the second wave led to a halt in outings, tours, vacations and all types of travel in general. “Hospitality sector, travel and tourism and aviation sector remained one of the most severely affected sectors,” Ajay Thomas, business head at TeamLease Services, told Business Insider. He said, “The travel and tourism sector that employs millions of Indians started bouncing back after the first wave, but little did they know that COVID-19 would be back for the second round of devastation. Aviation and other travel sector establishments faced a massive struggle during the pandemic.” Overall annual growth of the medical/healthcare sector was also slow as compared to other sectors. “ Annual growth was comparatively slower for sectors like Medical/Healthcare and Pharma/Biotech. These two sectors were at the forefront during the pandemic, and demand was not as impacted in 2020 when compared to other industries, thus their growth trajectory, while positive, was not as steep,” said Goyal of Naukri.com. <cmsannotation type="cmsannotation" annotationid="Hiring of freshers" comment="subhead" text="Hiring of freshers">Hiring of freshers</cmsannotation> The year 2021 saw opening the door of opportunities for recent graduates or freshers once again. Overall there was a growth of 12% in freshers hiring this year as compared to the last year, according to Garisa of Monster.com. Sectors like IT, software-hardware hired the maximum number of freshers this year, while, BPO, call centre, customer service demonstrated subdued demand for freshers. <cmsannotation type="cmsannotation" annotationid="Overall hiring trend for experienced professionals" comment="subhead" text="Overall hiring trend for experienced professionals">Overall hiring trend for experienced professionals</cmsannotation> According to Goyal, hiring for senior professionals with 8-12 years experience saw the highest uptick across all levels followed by mid-management professionals with 4-7 years experience. <cmsannotation type="cmsannotation" annotationid="Bangalore saw the maximum growth and Delhi saw the least among metro cities" comment="subhead" text="Bangalore saw the maximum growth and Delhi saw the least among metro cities">Bangalore saw the maximum growth and Delhi saw the least among metro cities</cmsannotation> According to Monster.com, all the metros except Kolkata charted double-digit growth. Bangalore led with a 42% point rise, tailed by Chennai (30%), Pune (29%), Hyderabad (24%), Mumbai (20%) and Delhi-NCR (18%) this year as compared to last year. <cmsannotation type="cmsannotation" annotationid="Ahmedabad saw the maximum growth among non-metros" comment="subhead" text="Ahmedabad saw the maximum growth among non-metros">Ahmedabad saw the maximum growth among non-metros</cmsannotation> Ahmedabad recovered the fastest among Tier 2 cities, growing by 90% annually, followed by Chandigarh (40%), Kochi (39%). While Jaipur saw the least growth with 29% followed by Coimbatore (35%) and Vadodara (37%). <cmsannotation type="cmsannotation" annotationid="Attrition rate among different sectors" comment="subhead" text="Attrition rate among different sectors">Attrition rate among different sectors</cmsannotation> Various studies show that the attrition rate in India rose from 10% in 2020 to 20% in 2021. Attrition rate means the number of employees leaving the organisation or company. The IT sector in India witnessed the highest attrition rate in the year 2021 as compared to other sectors. Whereas, the media and entertainment industry enjoyed the least attrition rate this year, according to Monster.com. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/british-neobank-tide-wants-to-hire-600-techies-and-business-execs-in-hyderabad-and-gurugram/articleshow/88392005.cms">British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/covishield-vaccine-not-as-effective-after-three-months-so-consider-booster-shot-says-lancet-report/articleshow/88404738.cms">Lancet article makes a case that those who took Covishield vaccine need booster shots</a>

Thank these sectors for the biggest rise in formal jobs this year so far

<ul><li>According to a survey by Monster.com, in the last six months hiring in these two cities went up by 11% and 5% respectively. </li><li>Hiring is higher in Tier 2 cities like Baroda than metros like Delhi or Mumbai.</li><li>As many as 27 sectors in India including automobile, agriculture industry, and the consumer goods industry faced the slowdown with metros bearing the most</li></ul>Those who are looking to shift cities looking for job should head to Baroda and Ahmedabad as they are top two job destinations. According to a survey by Monster.com, in the last six months hiring in these two cities went up by 11% and 5% respectively. There has been a tectonic shift in job growth geographically too. "Tier 2 cities led the demand, sectors like retail, telecom, and professions, including hospitality and travel and finance and accounting. There are certain sectors including agro-based industries, automotive and consumer goods and FMCG that need attention to revive demand," said Krish Seshadri, CEO, APAC &amp; Gulf – Monster.com Both Mumbai and Bangalore grew at 0% and 1% respectively in the first half of 2019, the report said. Kochi and Chennai too have fewer jobs as hiring de-grew by 1% each. Chandigarh however tops the list with 7% de-growth, as per online hiring demand that jobs portal that Monster observed. Hiring in cities like Delhi and Hyderabad grew by 3% percent, and Bangalore was at 1%. Overall however the online hiring went up. "The online hiring demand has witnessed a 16% increase between the first half of 2018 and 2019,” Krish Seshadri, CEO of APAC and Gulf – Monster.com said. As many as 27 sectors in India including automobile, agriculture industry, the consumer goods industry are affected by slowdown with metros bearing most of the brunt. The worst however is the agriculture industry saw a steep decline of 51% in hiring between January and June 2019. However, the telecom industry which is looking forward to growth in 5G, has registered a healthy 22% growth. But it is retail which topped the list with 27%.

Want a job? Baroda and Ahmedabad are hiring the most while Mumbai has stagnated

<ul><li>According to the Monster Salary Index, employee satisfaction with regards to pay dropped by almost 22%. </li><li>Despite that, three in four employees in India are satisfied with their jobs. This includes employee relations with peers and senior management, shows the <keyword id="8330817" type="UNKNOWN" weightage="20" keywordseo="monster-survey">Monster survey</keyword> </li><li>The consumer confidence on <keyword id="47201" type="COMPANY" weightage="20" keywordseo="income">income</keyword>, employment and spending declined to six-year low in September, as per Reserve Bank of India (RBI).</li></ul>India’s <keyword id="36141" type="ORGANIZATION" weightage="20" keywordseo="economic-slowdown">economic slowdown</keyword> is eating into the income of salaried employees. According to the Monster Salary Index, employee satisfaction with regards to pay has dropped by almost 22%. The slowdown caused job cuts, delayed salaries, decreased <keyword id="632631" type="PERSON" weightage="20" keywordseo="hiring-sentiment">hiring sentiment</keyword> and resulted in fewer increments. The consumer confidence on income, employment and spending declined to six-year low in September, as per <a href="https://m.rbi.org.in/Scripts/PublicationsView.aspx?id=19332">Reserve Bank of India </a>(RBI). The net headcount of public sector companies dropped by 2.6% year-on-year in 2019. Employees are not too confident of their income increasing either year. However, almost half of the respondents expect it to increase in the coming year. “Analysing employees’ job satisfaction-levels is essential to understand and measure the perceived quality of working conditions. This is pivotal as the working population spends close to 1/3rd of the day at work,” Krish Seshadri, CEO, Monster.com, APAC &amp; Middle East said. Despite the anger over salaries, three in four employees are satisfied with their jobs. This includes employee relations with peers and senior management, as per the survey. Across industries, employees in the construction and technical consultancy, healthcare, caring services and social Work, information and communication technology services, legal and market consultancy and business activities sectors are highly satisfied with their jobs. ICT services witnessed the highest growth in terms of satisfaction amongst all recorded sectors. The survey analysed data between January 2016 to December 2018. The wage analysis is based on data collected from Paycheck.in, the Salary Calculator and Monster Salary Index from the period. See also: <a href="https://www.businessinsider.in/careers/news/hiring-managers-reveal-a-big-reason-for-high-unemployment-in-india/articleshow/71970122.cms">Hiring managers reveal a big reason for high unemployment in India</a> <a href="https://www.businessinsider.in/careers/news/employers-want-gurus-and-ninjas-while-employees-remain-thinkers-and-starters/articleshow/72037100.cms">Employers want ‘Gurus’ and ‘Ninjas’ while employees remain thinkers and starters</a>

Indians are unhappy with their pay but satisfied with their jobs

<keyword id="3043" type="PERSON" weightage="20" keywordseo="Hillary-Clinton">Hillary Clinton</keyword>’s shocking failure to break the proverbial glass ceiling to the top American presidential post once again turned the world’s collective attention towards the persisting gender skew when it comes to global political leadership. The corporate leadership scene is no different! The 2016 Fortune 500 list shows women holding a meager 4 % of the CEO positions in 500 of the world’s largest companies. In India this ratio is even lower. There are only eight women leaders at the helm of affairs among the BSE 500 firms. The representation of women in Indian corporate boardrooms has increased over the past five years, but it still remains below the global average of 14.7 %. 
 
The problem is not of non-availability of capable and well-qualified women; it is one of lack of conscious efforts on the part of corporate organizations to nurture and groom women for senior management roles. It is essential to highlight here that comparable number of men and women join the corporate workforce in India every year. So the gender imbalance is not prominent on the lower rungs of the corporate ladder. However, more and more women chose to (or are driven to) opt out as they head up the middle management level. In most cases it is family responsibilities that force them out of the corporate ranks, and also the absence of corporate cultural settings that take into account this factor. 
 We consulted <keyword id="1016048" type="UNKNOWN" weightage="20" keywordseo="Rajeev-Bhardwaj">Rajeev Bhardwaj</keyword>, Vice President, Human Resource at <keyword id="155168" type="COMPANY" weightage="20" keywordseo="Sun-Life-Financial">Sun Life Financial</keyword> on why organizations must work towards having more women in senior management. 
 
It's economic 
Women’s participation in business is not just a gender equality slogan, it makes much economic sense as well. Business acumen and leadership do not come exclusively to men. For every wasted female talent, there is a corresponding economic loss. 
In 2007 research organization Catalyst conducted a comprehensive study on the economic benefits of gender parity and concluded that the Fortune 500 companies which had more female board directors achieved significantly higher financial performance. On a macroeconomic scale, Catalyst also reported recently that countries can radically increase their GDP by augmenting the role of women in the economy. 
 A survey published in the <keyword id="86058" type="COMPANY" weightage="20" keywordseo="Harvard-Business-Review">Harvard Business Review</keyword> in 2011 found that managers and colleagues judged women leaders as being better on honesty and integrity scales, in building relationships as well as in taking initiatives. The same survey also concluded that women leaders were better communicators and built better collaborations as compared to male leaders. A series of other studies have pointed to multifarious other benefits including improved financial performance of the organization, greater tilt towards corporate social responsibility and better organizational climate. If you look at it deeply, the beneficial results accrue as a result of greater diversity of minds at play towards a particular objective. Unfortunately, while most of us talk about the need for improving female representation, we do not fully comprehend the benefits that will result from it. This is why most corporate leaderships in India have so far not been able to align long-term organizational goals to ensure gender parity and diversity. 
 <keyword id="3039" type="PERSON" weightage="20" keywordseo="Bhardwaj">Bhardwaj</keyword> advocates four steps to make women lead the ladder. 
 
Have long-term diversity objectives 
The culture has to be consciously created, long-term goals prepared and a conscious effort made towards achieving them through multifarious initiatives. Organizations must evaluate the gender situation in their top management and assiduously think about where they want to be on this front in the next five years. 
 
Create a pipeline of women leadership 
Organizations today must make a conscious effort to nurture the talented women employees who show traits of leadership right from an early stage. This includes spotting them early and giving them ample opportunities to grow and learn, involving them in key strategic projects that can give them greater insights, and equip them with the capability to lead the organization. As they move up the corporate ladder, it is essential to institute re-tooling and re-skilling programs for them at each level to ensure they are abreast with all latest developments in the industry. 
 
Make organizations empathetic to women’s needs There are multiple reasons for this including an institutionalized bias and lack of support for women employees who decide to have children. The consequence is that despite being bright and talented, very few women are able to make the transition to top management positions. It is essential to institute greater flexibility and a more empathetic approach to make the workplace more amenable to women. At <keyword id="4348443" type="UNKNOWN" weightage="20" keywordseo="sun-life-asia-service-centre-india">Sun Life Asia Service Centre India</keyword>, flexi-timings, work-from-home arrangement, and a more accommodating maternity leave have been institutionalized to allow women workforce the liberty to follow their professional pursuits without ignoring their family needs. 
 
Ensuring Equal Pay for Equal Work 
A series of discouraging reports and studies have in recent years highlighted systematic gender discrimination when it comes to paying women. A recent survey by Monster.com in India found that the median wage earned by women was 27% lower as against their male counterparts. This cannot continue if we want to draw more women in leadership positions. 
 
Not just gender equity but a larger vision to have greater diversity in an organizational workforce can bring unprecedented and un-thought of benefits by having a greater variety of approaches and emotional quotients to find solutions. It is time corporate India takes tangible steps in this direction.

Having more women in senior management
helps an organization grow faster. Here’s how

As per the <keyword id="3246224" type="UNKNOWN" weightage="100" keywordseo="Monster-Salary-Index">Monster Salary Index</keyword> (MSI) data from last year, there is a shocking <keyword id="2191211" type="UNKNOWN" weightage="100" keywordseo="gender-pay-gap">gender pay gap</keyword> of 25% in India, with men earning a median gross hourly salary of Rs. 345.8, and women, only Rs. 259.8. 
 
While in 2015, this gap was 27.2% in 2015, it had fell to 24.1% in 2014. 
 
Also read: <a href="http://www.businessinsider.in/Yes-bank-survey-says-women-are-better-at-multitasking/articleshow/53446244.cms">Women multitask better than men, says Yes Bank survey</a> 
 The survey, called <keyword id="4257784" type="UNKNOWN" weightage="100" keywordseo="Women-of-India-Inc-">Women of India Inc.</keyword>, was aimed at understanding the <keyword id="6359149" type="UNKNOWN" weightage="100" keywordseo="working-women">working women</keyword> of the country and the <a href="http://www.businessinsider.in/no-women-directors-in-State-run-PSUs/articleshow/51876697.cms">issues they face</a> at their workplaces. It covered 2000 women for three broad categories of workplace, growth and safety. 
 
Also read: <a href="http://www.businessinsider.in/This-chart-shows-the-gender-pay-gap-isnt-as-bad-as-you-think/articleshow/51528169.cms">This chart shows the gender pay gap isn't as bad as you think</a> 
 
Sanjay Modi, managing director, APAC &amp; middle-east, Monster.com said, "In India, the gender pay gap story holds true and the overall gap across India Inc. is at 25%. This primarily is a manifestation of the underlying diversity challenges that organisations currently face. 
 
There is a dire need for tangible initiatives to bridge this pay gap with removing structural impediments to women's growth providing access to skills training, jobs; and decision-making." 
 <keyword id="157098" type="CITY" weightage="100" keywordseo="Delhi-NCR">Delhi-NCR</keyword> women had a 15% share, the maximum, in the women surveyed, followed by Mumbai and Bangalore at 12% each. Women from non-metro cities contributed 35%. 
 
Also read: <a href="http://www.businessinsider.in/The-gender-pay-gap-exists-even-on-eBay-Heres-how-much-less-women-sellers-earn-than-men-for-many-popular-items/articleshow/51157714.cms">The gender pay gap exists even on eBay - Here's how much less women sellers earn than men for many popular items</a> 
 
As per the survey, contribution to family income was among the top reasons of <a href="http://www.businessinsider.in/Only-39-women-in-India-are-fully-engaged-at-work/articleshow/51345368.cms">women working</a>, while a solid 25.1% felt that their reasons to work shouldn’t be asked in such surveys. 
 
Shockingly, only 14.7% women stated that their organisations have regular <a href="http://www.businessinsider.in/need-for-gender-diversity-at-workplace/articleshow/53822691.cms">gender diversity programs</a> for all employees. 
 
As per 78.1% women, safety is the key parameter while choosing a job, as over 66.4% women considered night shifts unsafe, avoiding them. 
 
(Image source: Huffington Post)

Survey reveals shocking details about gender pay gap

The latest Monster Employment Index shows <keyword id="137407" type="UNKNOWN" weightage="20" keywordseo="online-recruitment">online recruitment</keyword> activities in the month of July registered a y-oy growth of 19 percent. 
	 
	The IT sector which was facing the brunt of extensive job cuts is charting a positive trend this month, witnessing a y-o-y growth of 51 percent. Additionally, with the constant impetus of the government on the education sector since the beginning of the year, the industry is witnessing its hay days. The education sector is exhibiting a steep upward trend with a y-o-y growth of 74 per cent, surpassing all the other sectors. 
	 

	At the occupational level, online demand for healthcare professionals has shown a steep rise of 46 percent closely followed by demand for customer service experts (41 percent). It is, however, surprising to see a decline if demand for senior management. From a 50 percent y-o-y growth last month, the online demand for senior management is declined to a 38 percent in July. 
 <keyword id="105051" type="PERSON" weightage="20" keywordseo="Sanjay-Modi">Sanjay Modi</keyword>, Managing Director at Monster.com for the APAC &amp; Middle-East region said, “Commenting on the latest trends, Sanjay Modi, Managing Director, Monster.com, APAC &amp; Middle-East said, “The month of July started on a positive note with the Monster Employment Index (MEI) registering a 2 points jump from the previous month. Online recruitment activities have started showing an upward trend, overall the pace has been significantly moderated this year. The IT sector has made a notable comeback with the online recruitment activities going up by 51 percent since last month. A latest report by <keyword id="6372077" type="CITY" weightage="20" keywordseo="Nasscom">NASSCOM</keyword> quoted a decline in IT jobs due to automation, MEI figures clearly show that the sector is slowly reviving from the long term deceleration." 
	 
	"The sector today is increasingly moving towards demand for people with specialized skill set, owing to extensive digitization of manual processes. Apart from IT, the frontrunner has been the education sector, charting a constant double digit growth figure. The sector is performing exceptionally well owing to a slew of government initiatives in the beginning of the year,” he added.
 

	He further said, “There has been a significant decline in the demand for senior management since the last month. This can be further attributed to stringent cost cutting across various industries, owing to which companies are investing increasingly on low cost bearing employees at the lower level as opposed to high salaried senior level employees. Overall, there is an atmosphere of impending optimism in the coming months in the Indian job market.”

Online recruitment activity in India grows by 19%, IT registers 51 per cent Y-o-Y growth: Monster Employment Index

<ul><li>Hiring trend in India’s banking and insurance sector is bouncing back after the disruption caused by the global COVID-19 pandemic.</li><li>A recent report by online job platform Monster.com says that the finance and accounts sector saw an uptick of 11% in job postings in the month of June 2021.</li><li>List of job hirings in big banks for various roles in India</li></ul>The banking, financial services and investment (BFSI) sector is one of the most crucial sectors, as it is at the core of any economy's growth. Hiring trend in India’s banking and insurance sector is bouncing back after the disruption caused by the global COVID-19 pandemic and has shown a recovery from their recent slump, according to a May 2021 report by Naukri Jobspeaks. A recent report by online job platform Monster.com says that the finance and accounts sector saw an uptick of 11% in job postings in the month of June 2021 as compared to May 2021. Here is a list of job hirings in big banks for various roles in India — 1. <keyword id="45660" type="CITY" weightage="20" keywordseo="Yes-Bank">YES Bank</keyword> — Manager YES bank is hiring a manager in Kochi, Kerala in the large corporates south department for a full time role. Candidates should have a Master of Business Administration (MBA) degree. The selected candidate will have to closely coordinate with the team leaders to ensure they effectively address the client's financial needs as when required structuring and restructuring needs. Interested candidates can apply <a href="https://yesbankcareers.skillate.com/careers/jobs/LAR00001A/details">here</a>. 2. <keyword id="6653" type="CITY" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword> — Manager — Corporate and Commercial banking The bank is looking for a manager in Mumbai, Maharashtra for Corporate and Commercial banking department for a full time position. Candidates applying for this role should have an MBA or a post graduate diploma in management (PGDM) in any discipline or be a chartered accountant (CA) and have at least more than 2 years of industry experience. The key responsibility of the selected candidate would be to identify new business opportunities for the bank in the India-Canada corridor. Interested candidates can apply <a href="https://www.naukri.com/job-listings-manager-corporate-and-commercial-banking-icici-bank-ltd-mumbai-all-areas-5-to-10-years-150721005357?src=jobsearchDesk&amp;sid=16269185081622849_1&amp;xp=1&amp;px=2">here</a>. 3. <keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> — Relationship Officer The bank is looking out for a relationship manager in Bhopal, Indore, and Raipur with1-5 years of job experience. Candidates from banking, financial services and insurance (BFSI) are preferred.The responsibility of the candidates would be to manage sales of banking products and fulfilling needs and develop sales targets. Interested candidates can apply <a href="https://www.naukri.com/job-listings-relationship-officer-axis-bank-bhopal-indore-raipur-1-to-5-years-250621005469?src=jobsearchDesk&amp;sid=16269215796571287&amp;xp=1&amp;px=1">here</a>. 4. <keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword> — Branch Sales Manager The bank is recruiting a branch sales manager in Bengaluru, Karnataka for a full time position. The candidate must have 2-3 years of relevant experience and should have basic knowledge of banking products, good relationship management and presentation skills. The key responsibility of the candidate would be to maintain continuous customer engagement through customer visits/ contacts or proactive solutions of customer issues and queries. Interested candidates can apply <a href="https://hdfcbankcareers.hirealchemy.com/#/description/9f26acee-5186-40aa-822e-39eeba0b7a20">here</a>. 5. Axis Bank — Branch Manager The bank is hiring branch managers at various places — Ludhiana, Shimla, Kurukshetra and Jammu for a full time role. The candidates should have an experience of at least 8-13 years in the banking sector. The key responsibilities of the candidates would be to enhance and contribute to the growth of the company through business development, prepare and review the monthly calendar of outbound activities. Interested candidates can apply <a href="https://www.naukri.com/job-listings-branch-manager-icici-bank-ltd-ludhiana-shimla-kurukshetra-jammu-8-to-13-years-100721001674?src=jobsearchDesk&amp;sid=16269215796571287&amp;xp=16&amp;px=1">here</a>. 6. YES Bank — Product Sales Manager The bank is looking for an experienced product sales manager for retail cash management services (CMS) sales department in Mumbai, Maharashtra for a full time position. The candidate should be an MBA in finance or CA and should have at least 3-4 years of experience in CMS or 5-7 years of experience in the banking industry. The candidate will be responsible for the steady flow of CMS management service businesses. Interested candidates can apply <a href="https://yesbankcareers.skillate.com/careers/jobs/RET0001AA/details">here</a>. 7. ICICI Bank — Sales/Business Development Manager The bank is hiring an experienced sales/business development manager for the corporate market group at various locations -- Ranchi, Ahmedabad and Chennai for a full time role with an experience of 10-16 years in the industry. The key responsibility of the candidates would be to handle existing customer relationships, increase wallet share of cross border transactions. Interested candidates can apply <a href="https://www.naukri.com/job-listings-corporate-market-group-icici-bank-ltd-ranchi-ahmedabad-chennai-10-to-16-years-150721001928?src=jobsearchDesk&amp;sid=16269215796571287&amp;xp=9&amp;px=1">here</a>. 8. Federal Bank — Insurance Relationship Manager The bank is hiring an insurance relationship manager for Ageas Federal Life Insurance at various locations — Bengaluru, Coimbatore, Bijapur and Belthangady for a full time role. The candidate must have a postgraduate degree in any discipline with a relevant experience of at least 2-4 years in the insurance sector. Interested candidates can apply <a href="https://www.naukri.com/job-listings-relationship-manager-banca-channel-federal-bank-ageas-federal-life-insurance-company-limited-vijayapura-bijapur-beltangadi-coimbatore-bangalore-bengaluru-1-to-3-years-100721003321?src=jobsearchDesk&amp;sid=16269268509135267&amp;xp=3&amp;px=1">here</a>. 9. HDFC Bank — Personal Banker The bank is hiring a personal banker with an experience of at least 1-2 years in the industry in Ludhiana, Punjab. The key responsibility of the candidate would be to maintain daily sales reports and ensure quality of relationships with customers. Interested candidates can apply <a href="https://hdfcbankcareers.hirealchemy.com/#/description/a6e6f134-54a8-4ea8-a60d-a5e5b0b60c6e">here</a>. 10. IndusInd Bank — Sales Manager The bank is looking for a sales manager with an experience between 2-7 years in the banking industry at various locations — Delhi, Ghaziabad and Agra for a full time position. The key responsibility of this position would be to identify and develop new relationships for generating new business through dealers. Interested candidates can apply <a href="https://www.naukri.com/job-listings-am-dm-commercial-vehicle-new-refinance-delhi-up-west-indusind-bank-limited-delhi-ncr-ghaziabad-agra-2-to-7-years-291118600523?src=jobsearchDesk&amp;sid=16269281082683911&amp;xp=2&amp;px=1">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/these-are-some-of-the-universities-that-offer-free-education-for-international-students/slidelist/84463712.cms">Planning to study abroad? These are some of the universities that offer a free education for international students</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/travel/news/indians-planning-to-travel-more-as-covid-19-restrictions-relaxed-in-many-states/articleshow/83867486.cms">Indians are making big plans of ‘revenge travel’ as COVID-19 restrictions get lifted in many states</a>

Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles

Are you very much active on social media? Do you spend most of your day browsing internet? Are you unemployed? No, we aren’t being sarcastic. If all questions reply with a Yes, It’s just the assurance that you might soon be hired. Going by a recent study report, <keyword id="393806" type="UNKNOWN" weightage="80" keywordseo="Online-hiring">online hiring</keyword> activity in India recorded a 26% more growth in May than a year ago. 
 
As per a news report in The Economic Times, the Monster.Com's employment index shows a rise 13 points to 191 in May this year, from 151 in the year-ago period. 
 
"This is a reflection of positive business sentiment despite the challenges at micro- &amp; macro-economic level," Sanjay Modi, MD, Monster.Com (India/Middle-East/South-East Asia/Hong Kong), told the ET. 
 
However, on a month-on-month basis, hiring activity remained stagnant. The index reading for May stood at 191 - the same level as that of April 2015, indicating that there has been no growth in online hiring activity between March and April 2015. 
 
Of the 27 industry sectors monitored by the index, online recruitment activity exceeded the year-ago level in 17 groups. Production and manufacturing continued to lead on a year-on-year basis, the news report by financial daily confirms. 
 
Meanwhile, online hiring activity improved for all of the 13 occupation groups tracked by the index. 
 
According to the news report, demand for arts/creative professionals continues to trend on a robust and positive growth path. The group registered a 56 per cent increase in opportunities from May 2014, the steepest growth among all. 
 
All 13 cities monitored by the index threw up a positive online hiring trend on an annual basis. 
 
Tier II cities once again top the long-term growth chart with maximum job creation. Baroda (up 40 per cent) followed by Coimbatore (37 per cent) registered the steepest growth in online recruitment year-on-year. 
 
Among major cities, Bangalore recorded the most notable year-on-year growth (29 per cent), followed by Mumbai (25 per cent), Hyderabad (23 per cent) and Delhi-NCR (22 per cent). 
 
(Image: Reuters)

​More jobs online. Acche din in online hiring process has arrived

With 100 days of Modi government over and an improved business sentiment in the country, India Inc will witness robust hiring in the remaining year. According to industry experts, hiring across all industry sectors is likely to rise as economy gradually picks up pace. 
 

	“Indian employers report dynamic hiring plans for the third quarter of 2014. Employers in all four regions expect to increase payrolls during the Q3 2014. North has a forecast of the strongest labor market with a net employment outlook of 53%. Bullish hiring intentions are also evident in South and West regions. Meanwhile, employers in the East anticipate prosperous hiring activity with a hiring outlook of 31%,” stated a report by ManpowerGroup, an HR firm. According to the report by ManpowerGroup, the recruitment is expected to be upped in sectors which include public administration and education, wholesale and <keyword id="6354851" type="ORGANIZATION" weightage="20" keywordseo="Retail">retail</keyword> trade, transportation and utilities, services, finance, insurance and real estate sector. “Employers expect robust hiring plans in all seven industry sectors and all four regions during Quarter 4. The coming quarter, the situation looks more promising with the recovery made by IT firms and allied companies. There is a big opportunity for the e-commerce sectors to add more <keyword id="11018" type="COMPANY" weightage="20" keywordseo="Jobs">jobs</keyword> to the labour market. The future demands in the IT sector for skills would include web analytics, design skills, IT languages knowledge, understanding on security issues, database management and analysis skills,” said AG Rao, Group Managing Director, ManpowerGroup India. 
	 

	He, however, added that companies have still been cautious in recruiting the right candidates. “The job-seekers need to have industry knowledge with practical intelligence”, he noted. 
	 

	Bimal Rath, HR expert and founder of Think Talent, a recruitment consultancy firm attributed the expected boom in the job market to the fact that the new government has been taking initatives to improve the business environment in the country. “The government is serious about implementing many of held up policy matters, which is benefitting all the sectors. This will certainly result in a spurt in the hiring activity across sectors as new projects would be commenced and existing ones will get the much needed push”. 
	 

	The Current Scenario 
	 

	According to market reports, media and entertainment industry is expected to lead the job market in the long term followed by consumer durables. While online recruitment has rebounded in the automotive industry, recruitment banking and financial services sectors including insurance witnessed a considerable improvement in its hiring activity. 
	 

	“The hospitality sector has also been charting robust annual growth rates since February 2014. Online recruitment in the travel and tourism sector exceeded the year-ago level by 52 percent in August”, stated Monster Employment Index for the month of August 2014. “Studying the trends of various sectors, the media &amp; entertainment industry has rocketed a 62% growth. Robust growth is exhibited by almost all industry sectors monitored by the index like IT/ITES, Healthcare, Engineering and Construction, Production &amp; <keyword id="6362048" type="ORGANIZATION" weightage="20" keywordseo="Manufacturing">Manufacturing</keyword>, Travel and Education which indicates that the business sentiment is turning positive. We are hopeful that things will further improve in coming months,” said Sanjay Modi, Managing Director, Monster.com, India. 
	 
	Representational Image

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You Searched For "monstercom india" and got 13 results

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