Business

Hiring Activity Down 10% In March Year-On-Year Amid COVID-19: Study

Hiring Activity Down 10% In March Year-On-Year Amid COVID-19: Study

Monster Employment Index decreased to 266 last month, compared to296 in March 2020

Hiring activity or job posting - that affects the employment rate across various sectors, decreased by two per cent in March 2021, compared to February this year, even as the fourth and last quarter of the financial year 2020-21 witnessed an increase of four per cent in job activity. According to a recent report titled 'Monster Employment Index - March 2021' by leading job portal moster.com. The Monster Employment Index or MEI decreased to 266 last month, compared to 296 in the corresponding month last year.

According to the findings of the report, the demand for online hiring in March 2021, exceeded the levels witnessed in March 2020, in four out of the 27 industries monitored by the employment index. The report added that the annual online demand for the professionals registered growth in two out of the 13 functional areas monitored by the index