OVERALL online hiring sentiment in the Philippines registered a positive 18 percent year-on-year growth between July 2017 and 2018, according to findings from the Monster Employment Index (MEI).
July proved to be a good month for several industries in the Philippines, namely retail (39 percent), health care (33 percent) and logistics (31 percent).
The BFSI and hospitality industries also enjoyed double-digit growth to the tune of 19 percent and 18 percent, respectively, for the month of July.
Albeit not on par with other industries in the Philippines, the consumer goods, production and engineering industries all amassed annual growth figures to the tune of 13 percent, 10 percent and 10 percent, respectively, for the month of July.
The business process outsourcing and information technology enabled services (BPO/ITES) was the only industry in the Philippines to experience a decline of three percent in July.
The Monster Employment Index (MEI) is a gauge of online job posting activities compiled monthly by Monster.com. It records the industries and occupations that show the highest and lowest growth in recruitment activity locally.
Overall online hiring is flourishing in the Philippines, as confirmed by the positive annual growths recorded by several job roles monitored.
The purchase/logistics/supply chain occupation commanded the most demand with a whopping 37 percent annual growth for the month of July.
Coming in at a close second are the occupational groups of human resources and administrative and sales and business development, commanding 32 percent and 31 percent positive year-on-year growth in July.
In line with favorable developments in the industry, the health care and finance and accounts sectors displayed corresponding positive year-on-year growth of 29 percent and 28 percent, respectively.
However, engineering/production, real estate and customer service professionals found that their skills were not in high demand, owing to a meagre nine percent growth and nine percent in the two sectors, respectively.
“Retail and healthcare have been some of the top performing industries for July, as both have undergone technological upgrades in terms of accessibility and varied formats. Supply chain and human resources roles are in demand as these occupations form the backbone of the Philippine economy,” said Abhijeet Mukherjee, chief executive officer of Monster.com – Asia Pacific and Middle East.
“Only the BPO/ITES industry did not seem to make a mark, but can definitely be expected to improve in the coming months. Overall, most industries and sectors have been performing well in terms of expansion and demand for talent. This can be owed to the ambitious economy-building programs being undertaken by the government.”
The Monster Employment Index is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities, culled from a selection of career websites and online job listings.
The index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry. PR