By Staff writer
Latest Monster Employment Index shows that consumer goods industry bucks downward trend
The consumer goods industry recorded the highest employment growth in the UAE in the first quarter of 2017, bucking an significant overall slowdown in online recruitment, according to the latest Monster Employment Index (MEI).
The growth in consumer goods including FMCG, food and packaged food, home appliances, garments, textiles, leather, gems and jewellery came at an average year-on-year rise of 14 percent in the first quarter of 2017, reaching a peak of 33 percent growth in March.
The growth in consumer goods including FMCG, food and packaged food, home appliances, garments, textiles, leather, gems and jewellery came amid an average 43 percent year-on-year decline across the online recruitment sector, Monster said in a statement.
“The results of the MEI in the first quarter of this year demonstrate that the consumer goods industry and procurement/ logistics/supply chain occupations are continuing to do well in the UAE,” said Sanjay Modi, managing director, Monster.com, APAC & Middle East.
He added that banking/financial services, insurance and retail/ trade/logistics were hardest hit with an average decline in jobs of about 27 percent and 25 percent respectively.
Finance/accounting registered the biggest decline with a 48 percent slump compared to Q1 2016.
“The blatant difference in online hiring activity suggests a trend towards in-house recruitment of professionals from some sectors,” added Modi.
According to the MEI, based on a real-time review of job opportunities from a large representative selection of career web sites and online job listings, Oman registered the smallest decline with an average of about five percent year-on-year.
At a regional level, online hiring rates in the consumer goods industry were the highest with an average of 17 percent year-on-year growth during Q1, while the banking, financial services and insuranceregistered the biggest decline of 40 percent, followed by hospitality at 36 percent.