"The Monster Employment Index Middle East shows regional employers are extending a long-term escalation in online recruitment activity. Sectors like BFSI, Education, Healthcare continue to drive growth in major economies like KSA, UAE and Kuwait with each of them recording double-digit annual growth in the Index," said Sanjay Modi, Managing Director, Monster.com (India/Middle East/South East Asia).
Industry Year-over-Year Trends:Online opportunities exceeded January'11 level in 10 of 12 industry sectors monitored by the index.
• BFSI (up 52%) was the fastest moving sector by the way of longer-term growth as employers continued to hire the third consecutive month
• Education (up 45%) and Healthcare (up 27%) remained amidst the top growth sectors in January
• Advertising, Market Research, Public Relations, Media and Entertainment (up 33%) exhibited reasonably improved hiring trends over January'11.
• Growth momentum in Oil and Gas (down 19%) headed further downward
Occupation Year-over-Year Trends:10 of the 11 occupation groups experienced improved online demand over the year
• HR & Admin. (up 55%) professionals witnessed fastest growth in demand between January'11 and January'12
• Health Care (up 40%); and Finance and Account (up 31%) continued to remain among the top trending occupations
• Legal (down 15%) professional registered the most significant month-on-month as well as year-over-year decline
Geographic Year-over-year Trends: Online opportunities exceeded January'11 level in five of the seven countries monitored by the Index.
• Kuwait (up 39%) followed by KSA (up 36%) led all countries in annual growth.
• Oman (down 10%) recorded the most notable drop in online recruitment activity between January'11 and January'12
KSA Highlights• KSA registers 36% year-on-year growth
• Advertising, Market Research, Public Relations, Media and Entertainment continues to lead all sectors in the annual growth
• Sales and BD followed by HR & Admin. record the strongest annual growth in demand among occupations.
UAE Highlights• UAE registers 24% annual growth in January'12
• IT and Telecom/ISP tops the annual growth chart amongst industry sectors
• Purchase / Logistics / Supply Chain leads in annual growth among occupational groups.