Monster's panel to forecast trends in the HR industry

MUMBAI: today announced the launch of the Monster HR Panel that will forecast trends in the human resource industry. This quarterly initiative will primarily focus on trends affecting job seekers.



Elaborating on the same, Monster Asia vice president marketing Dhruv Shenoy said, "The objective behind setting up the Monster HR Panel is to evaluate trends affecting the HR industry and the recruitment market, providing job seekers access to information that better prepares them for the employment market. At Monster, we are always looking ahead for innovative ideas that will set the foundation for best practices in the recruitment industry."



"To begin with we solicited membership from our existing clients, establishing a 28 member panel, which we hope to expand in the near future. Heads of HR from some of the leading companies like CSC, Hewlett Packard, Microsoft India Development Centre, Deloitte, Adobe Systems, Siemens Information Systems, Verizon Data Services, Tyco, Agilent Technologies, Mentor Graphics, Onward Technologies, Accenture, Computer Associates, Mahindra British Telecom, Oracle India and Eicher Goodearth Limited are members of the panel," he added.



The first Monster HR Panel discussion focused on the topic "2005 - Year of Freshers" and evaluated various aspects of hiring in the entry level segment. The e-discussion revealed that panelists on average predict that as compared to 2004, hiring in the entry-level will grow an estimated 28 per cent in 2005.

Another key insight of the discussion was that panel members believed there will be a huge demand for engineers in 2005. The panel also predicted that companies will be aggressively visiting campuses to recruit talent in the year ahead. This is also a reflection of the growing demand in the engineering and manufacturing sector. The Monster site statistics indicate that from May 2004 onwards the number of resumes in the manufacturing and engineering segment has shown a 14 per cent month-on-month growth. During the same time the job postings in this category showed a 22 per cent month-on-month growth.

The HR managers also pointed out that while they would look to hire talent from B towns too, the majority of them said that the recruitment will be heavily focused in the top eight cities and from the top engineering colleges.

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