Online recruitment activity in the country registered an 11 per cent jump in January, led by strong growth in sectors like banking, financial services, and insurance, says a report.

The Monster Employment Index for January stood at 254 points, up 11 per cent over the corresponding month a year ago.

However, on a month-on-month basis, the index witnessed a decline of 1.16 percent. It stood at 257 points in December 2016.

In January, banking/financial services, insurance led the long-term chart with a 54 per cent growth as against 40 per cent in December 2016. The sector is undergoing a massive change fueled by an increased focus on better customer services and the movement towards providing digital services owing to demonetization.

"Hiring activity for the last two months was primarily driven by industries such as banking/financial services, insurance, and education," Monster.com Managing Director APAC & Middle-East Sanjay Modi said.

Modi further noted "demonetization has disrupted the job market impacting sectors like real estate, retail, e-commerce, etc. However, this focus on digitization is expected to boost job creation in the economy".

The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India. 

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