16 September 2022
Online recruitment across the Gulf region climbed 9% in July 2022 when compared to July 2021, according to the latest data from the Monster Employment Index.
July reported robust annual growth as the index rose to 132 in July 2022 from 103 in July 2021.
Month-on-month, the Index has flattened by 2%, as June 2022 saw an index of 135. A fluctuating job demand was seen from past three months.
Although there is dip in monthly growth, hiring activity witnessed positive annual growth of 5% in the last six months.
Online hiring demand in July 2022 exceeded the July 2021 level in nine of the 13 Industries monitored by the Index.
Online recruitment demand in the BFSI (banking, financial services and insurance) (+53%) sector saw significant year-on-year growth in the month of July 2022.
On the other hand, the most notable annual drop in hiring was registered in Consumer Goods/ FMCG, Food & Packaged Food, Home Appliance, Garments/Textiles/Leather, Gems & Jewellery (-16%).
Meanwhile, online demand for professionals reflected growth in nine of the 11 functional areas annually as monitored by the Index.
Online demand for Finance and Accounts (31%) professionals registered the highest growth year-on-year among all occupation groups. Healthcare (-15%) and Legal (-7%) professionals witnessed the most restrained annual growth in the month of July 2022.
By country, the Kingdom of Saudi Arabia saw online recruitment grow 17% in July 2022 from the year-ago level. IT and Telecom/ISP (+46%) continued to lead among all monitored industries.
In the UAE, the Index registered a 57% increase in e-recruitment activity between July 2021 and July 2022. BFSI (+132%) continued to lead the long-term growth chart annually.
The Monster Employment Index is a broad and comprehensive monthly and quarterly analysis of online job posting activity conducted by Monster.