April 2013 Index Highlights:
- Monster Employment Index Middle East declines 26 percent on an annual basis
- Hospitality, followed Education leads all industry sectors in annual growth
- Among occupation groups Healthcare exhibit strongest growth year-over-year; Software, Hardware, Telecom registers steepest annual decline
- Oman leads all countries in annual growth. Kuwait registers steepest annual decline
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 double digit drop in the Monster Employment index is reflective of the cautious approach adopted by Middle East employers owing to the business scenario globally. All major industry sectors across Middle East have shown a decline in the hiring activity," said Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia).
About the Monster Employment Index
Launched in April 2011 with data collected since October 2010, the Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in the Middle East conducted by Monster.com. Based on a real-time review of tens of thousands of employer job opportunities culled from a large, representative selection of online career outlets, including Monster Gulf, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. The Monster Employment Index's underlying data is validated for accuracy by Research America, Inc. - an independent, third-party auditing firm - to ensure that measured online job recruitment activity is within a margin of error of +/- 1.05%. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE:MWW), is the global leader in successfully connecting job opportunities and people. Monster uses the world's most advanced technology to help people Find Better, matching job seekers to opportunities via digital, social and mobile solutions including monster.com®, our flagship website, and employers to the best talent using a vast array of products and services. As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities globally. For more information visit about.monster.com.
CONTACTS:
Nidhi Madan Verma
Monster India
(91) 956 015 5115
nidhi.verma@monster.com
Stephen Reid
Hill &Knowlton
Phone: 971 50 651 7507
Email: stephen.reid@hillandknowlton.com
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© Press Release 2013
