Saudi Arabia registered a remarkable 13 percent growth in online employment postings in the second quarter of 2019 as compared to the same period last year. The upsurge in online hiring activity was mainly due to the ‘IT and ISP/Telecom’ industry & occupations in ‘Hospitality’, which registered a growth of 29 percent and 22 percent respectively, according to the latest Monster Employment Index
There is continuity in the growth of online hiring in the ‘IT and ISP/Telecom’ industry as the Kingdom rapidly transforms nearly every sector with ground-breaking technology. Most recent research by KPMG also proposes that the hospitality sector is anticipated to grow by 4,000 rooms which are equivalent to staggering 35 percent by 2023.
Other industries which experienced growth in the second quarter of 2019 were ‘Oil and Gas’, ‘Marketing’ (inclusive of Market Research, Public Relations, Media & Entertainment, and Advertising), and ‘Banking, Financial Services & Insurance’ (BFSI) & at 14 percent, 15 percent, and 16 percent respectively. ‘Trade/retail’ was the exclusive industry to register a decline at negative 5 percent from the second quarter of 2018. In occupations, the growth seen in ‘Hospitality’ professions was followed by roles in ‘Finance & Accounting’ at 17 percent. Occupations in ‘Healthcare’ & ‘Software, Hardware, as well as, Telecom’, also rose by 10 percent. Another occupation to show a decline in the Kingdom was ‘Marketing and Communication’ at negative 5 percent.
The United Arab Emirates led the way for growth amongst the countries monitored by the MEI at 18 percent followed by KSA at 13 percent and Kuwait at 10 percent. Oman was the only nation to show a minor regression in online hiring with a 4 percent drop from the second quarter of 2018. In terms of sectorial growth across the region, the ‘Information Technology & Telecom’ industry saw the highest level of growth, up 18 percent from the same period last year.