According to Monster Philippines, online hiring in the Philippines has recorded no annual growth from October 2015 and 2016, despite of having the highest digital populations in the world.
This is based to the Monster Employment Index (MEI)—a monthly gauge of online job posting activity in the Philippines—recording the industries and occupations that show the highest and lowest growth in recruitment activity.
In its survey, the Education sector, as well as the Logistic, Courier, Freight, Transportation, Import/ Export, Shipping sector, has still remained in the lead when it comes to online hiring, both witnessing a 14-percent year-on-year growth. The Education sector is also in its sixth consecutive month of double-digit annual growth in October.
At the other end of the scale, the IT, Telecom/ ISP sector saw the greatest decline with -12-percent.
Customer Service jobs took the lead in online demand, reporting a 9-percent year-on-year growth in October. This was closely followed by the Purchase, Logistics, Supply Chain jobs, Software, Hardware, Telecom jobs, and the Sales and Business Development jobs—all of which reported 7-percent year-over-year growth in online hiring.
Meanwhile, Marketing and Communications professionals saw the greatest slump in online hiring, reporting -7-percent year-on-year drop.
According to Sanjay Modi, Managing Director of Monster.com (handling APAC and Middle East), said, “Following the external economic volatilities and the earlier peso plunge, the pace of hiring in Philippines has eased further as companies and employers remain watchful of the economic development. However, as per news reports, the Philippines has outshone its regional counterparts when it comes to economic growth, indicating a strong resilience against external factors and signifying stable performance in the long term.”
“Additionally, Chinese investments pouring into Philippines’ tourism industry are likely to result in continued growth in the Hospitality sector. The Department of Tourism estimates that two million Chinese tourists will flock to the country annually. It is mapping out ways to cope with the influx of visitors, much of which will result in the creation of jobs,” adds Modi.
The Monster Employment Index Philippines is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across Philippines.