September 2012 Index Highlights:
- Monster Employment Index Middle East rises 10 percent on an annual basis
- Retail/Trade and Logistics leads all industry sectors in annual growth; followed by Production/Manufacturing, Automotive and Ancillary. Consumer goods and Chemicals record double digit negative annual growth in September
- Among occupation groups, Sales and BD exhibit strongest growth year-over-year; followed by Hospitality and Travel occupations
- UAE leads all countries in annual growth
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.
"While The Monster Employment Index Middle East registers a positive annual growth, the employers are cautious about ramping up hiring activity in the region owing to the current global economic scenario," said Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia).
Industry Year-over-Year Trends: Online opportunities exceeded September'11 levels in six of the 12 industry sectors monitored by the index.
- Retail/Trade and Logistics (up 19 percent) continued to lead all sectors followed by Production/Manufacturing, Automotive and Ancillary, Public Relations, Media and Entertainment (18 percent)
- Hospitality (up 16 percent), Engineering, Construction and Real Estate (up 10 percent) remained amidst the top growth sectors in September
- Consumer Goods/ FMCG, Food & Packaged Food , Home Appliance, Garments/ Textiles/ Leather, Gems & Jewellery (down 19 percent) sector registered the steepest annual decline
Occupation Year-over-Year Trends: Six of 11 occupation groups registered improved online demand over the year
- Sales and BD (up 34 percent) led all occupational groups in year-over-year growth
- Hospitality and Travel (up 17 percent) and Software, Hardware, Telecom (up 15 percent) saw increased demand over the year
- Legal (down 31 percent) professionals continued to register the weakest long-term trend
Geographic Year-over-year Trends: Online opportunities exceeded September'11 level in five of the seven countries monitored by the Index.
- UAE (up 27 percent) followed by Qatar (up 20 percent) led all countries in year-over-year growth
- KSA (down 19 percent) registered the steepest decline over the past 12 months
COUNTRY-WISE TRENDS
KSA Highlights
- Online recruitment activity in KSA declines 19 percent from September'11 level
- Oil and Gas (up 17 percent) registers the most notable annual growth
- Hospitality and Travel (up 40 percent) leads in annual growth amongst the occupation groups
UAE Highlights
- UAE registers robust annual growth of 27 percent
- Production/Manufacturing, Automotive and Ancillary (up 33 percent) records the most notable growth in online opportunities over the year
- Sales and BD (up 29 percent) leads in annual growth amongst the occupation groups
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 - News), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://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
© Press Release 2012
