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Monster Employment Index UAE registers a 17 percent growth on the year
Industry Year-over-Year Trends:
Nine of the 12 industry sectors monitored by the Index saw online opportunities exceed the year-ago level.
BFSI continues to pace upward, however, at a rate slower than in February 2015. Charting a 65 percent growth on the year the group led all industry sectors even this month. While the group continues to chart dramatic year-on growth the three month growth rate has been quite controlled since January. Clearly, while hiring continues to be positive in the sector the pace has moderated.
Hospitality (up 43 percent) was the closest second in terms of long-term gain even this month. Nevertheless the growth momentum eased even in the hospitality sector; down 10 percentage points from 53 percent in February 2015.
Engineering, Construction and Real Estate (up 17 percent) sector appears to have rebounded. February 2015 marked the second month of robust and positive long-term growth rate. The sector has been charting positive month-on growth as well since February 2015.
Occupation Year-over-Year Trends:
Online demand improved for nine occupational groups out of the 11 groups monitored by the Index.
Online demand for Finance and Account personnel increased 67 percent since March 2014. While the long-term growth momentum eased 20 percentage points between February and March 2015, the group continued to lead all industry sectors even this month.
Software, Hardware, Telecom (up 53 percent) registered dramatic growth in demand between March 2014 and March 2015 consequent upon steep double digit month-on growth. Hiring activity for the group (MoM) increased following low levels from November 2014 until January 2015.
Online demand for Health Care professionals continued to hover around the year-ago level; up by one percent. The group has not recorded significant growth in the last few months
Customer service (down 35 percent) professionals registered the steepest drop in online demand among all occupation groups even this month.
Geographic Year-over-year Trends:
Six out of seven countries monitored by the Index indicated increase in availability of online jobs year-on-year.
KSA (up 30 percent) supplanted Egypt (up 28 percent) to lead all monitored countries by the way of long-term growth.
UAE (up 17 percent) registered a positive annual growth this month. Year-on-year, recruitment activity eased 10 percent in January 2015 and matched that of February 2014 the following month before picking up again this month
Kuwait (down seven percent) is the only country to exhibit negative annual growth rate even this month. The rate of growth has however improved slightly.
KSA Highlights
Monster Employment Index KSA registers a 30 percent year-on growth
Advertising, Market Research, Public Relations, Media and Entertainment registers the steepest annual growth
Oil and Gas is the only sector registering negative annual growth
Among occupation groups, Engineering and production registers the most notable growth in annual demand
UAE Highlights
Monster Employment Index UAE registers a 17 percent growth on the year
BFSI records the steepest annual growth among industry sectors
Online recruitment activity in Production/
10 | TRAINING MAGAZINE EUROPE APRIL 2015