(Source: Sunstar | December 30, 2018)
The Philippines saw a 25 percent year-on-year growth on online recruitment activity between October 2017 and 2018, based on the latest Monster Employment Index (MEI) by Monster.com, an online career and recruitment resource.
“Eleven out of 12 industries recorded double-digit growth in online recruitment, led by healthcare and retail with 41 percent and 39 percent increases year-on-year, respectively,” it stated.
In Cebu, business owner Philip Tan, chief executive officer of Wellmade Motors, said they found better candidates through online hiring. The interview, however, is still conducted face to face, Tan said.
According to Monster, the sectors of purchase, logistics and supply chain professionals were found to be most in-demand with a 47 percent rise.
Professionals in service-based occupations such as healthcare, hospitality & travel and customer service also witnessed notable growth in demand with growth numbers of 36 percent, 19 percent and 10 percent, respectively, between October 2017 and 2018.
“The Philippines has always counted on the services sector as one of the strongest and fastest-growing pillars of its economic growth. Government estimates show that the share of the service sector in the country’s gross value added contribution has been increasing over time, nearly touching 60 percent last year,” Abhijeet Mukherjee, chief executive officer of Monster.com in APAC and Middle East, said in a statement.
“With the government making efforts towards boosting tourism and attracting investments in Human Resource Department, Research & Development, Finance and Infrastructure, there is bound to be an uptrend in hiring, especially for related professions,” he added.
Other industries such as BFSI (banking, financial services and insurance), IT/telecom and advertising also saw notable growth numbers of 26 percent, 23 percent and 22 percent year-on-year, respectively.
The only industry in the Philippines to record a decline last month was education with an eight percent drop between October 2017 and 2018.
The Monster Employment Index (MEI) is a gauge of online job posting activity compiled monthly by Monster.com.
It records the industries and occupations that show the highest and lowest growth in recruitment activity locally.
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