PHOTO
The banking and financial sector continues to be the best performer, closely followed by the hospitality industry
Oil and gas registers the steepest online job recruitment decline of all sectors in the region
Egypt (38% up) and KSA (32% up) continue to lead regional recruitment activity, but the UAE market picks up as well with a 16% increase year on year across industries
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.
"The countries which are hiring the most continue to be KSA, and Egypt, with an increase of 32% and 38respectively, in online recruitment activity, as compared to April 2014. Bahrain is also one of the top performers for the month of April 2015, with an increase in online job postings of 27% year on year, making it the third best performing country in the region. Online job listings in the UAE are picking up as well, having increased by 16% in April 2015," said Sanjay Modi, Managing Director, Monster.com (India, Middle East, South East Asia and Hong Kong)
"Once again, the banking and finance industry remains strong, taking the lead in online recruitment activity, showing a 79% increase for the region, and a 30% increase for the UAE, as compared to the same period last year. Demand for finance and accounting professionals increased by 79% since April 2014 for the region, and 34% since April 2014 for the UAE. We attribute this growth to the positive developments in the region's financial and banking sector, including the regulatory updates and the visible push from local governments to adhere to international best practices, good corporate governance and transparency.
"At the same time, we are happy to see a bounce back in hiring activity in the hospitality industry, which was the second best performer in the region, with a 54% increase in job listings in April 2015, as compared to the same period last year. This is not surprising and according to a recent PwC report, growth in the hotel industry is here to stay, with growth fundamentals for the regions' hotel industry remaining strong. According to the report, the cities best placed for growth in the hotel industry in 2015 are Jeddah and Abu Dhabi.
"A closer analysis of the data shows that demand for hospitality and travel professional is one of the lowest among occupations, with a an increase of 17% for the region and only 5% for the UAE. Therefore, we believe the hospitality industry will be hiring a variety of professionals such as IT, marketing, legal, accountants, etc and not only specialised hospitality consultants."
Click here for more details
© Press Release 2015
