IF YOU’RE looking for a high-paying job in Cebu, Mynimo, one of the leading online job platforms in the country, has just released a list of the top 10 highest paid jobs in 2022.
Topping the list in the 2022 Cebu Salary Report is the IT/Computer category with a median monthly salary of P23,000. This is followed by Call Center/BPO together with Engineering/Architecture jobs at P20,000.
Rounding out the top five are HR/Recruitment/Training jobs at P19,825 and Legal/Documentation related jobs at P18,500.
Jobs in Government/Non-profit, Health/Medical/Science as well as in Airline/Airport hold a monthly salary of P18,000. Meanwhile, Accounting/Finance and Arts/Media/Design closed this year’s top 10 rankings with median monthly salary of P16,000.
IT/Computers take the highest pay
Although IT/Computer jobs take home the highest average pay across all sectors, this shift has both positive and negative repercussions for the local IT industry.
On the one hand, it means that IT and Computer workers are able to find employment with higher-paying companies. However, it also puts an increased strain on those local businesses that are not able or willing to match these higher salaries.
Mynimo has also observed a growing trend in work-from-home or remote setup among IT/Computer companies, offering higher pay, even prior to the onset of the pandemic in 2020.
According to Mynimo.com president and CEO Wesley Chiongbian, this sudden growth in demand for tech workers globally has caused high employee turnover among IT professionals in the local market. As a result, local companies are being forced to increase their salary rates in order to remain competitive and attract top talent.
Similar trends can be observed in the call center and BPO industries.
Mynimo observed that the Covid-19 pandemic presented foreign companies with labor shortages in their home country, which translated to more outsourcing work and expansion of BPOs in Cebu.
With BPO companies competing for an already limited labor market, this pushed them to make their job offers more attractive through higher salaries.
Engineering/Architecture jobs
Ranking in third, engineering/architecture jobs are in high demand due to the surge in construction-related services.
“The rebuilding activities due to the damage caused by the recent typhoon (Odette) in the region, has given professionals in this field the opportunity to practice their occupation independently. This means that people who would have considered applying for these job vacancies are now self-employed, resulting in the lack of candidates among more established organizations,” explained Chiongbian.
The Mynimo executive added that this phenomenon has forced companies looking for engineers and architects to increase their salary rates to make their job offers more enticing.
In addition, the sustained housing demand in Cebu continues to encourage private housing developers to launch additional projects. Meanwhile, big-ticket infrastructure projects such as the P27.9-billion Cebu-Cordova Link Expressway (CCLEX) and the P28-billion Metro Cebu Expressway saw the need for more engineers thereby causing the huge demand for engineering/architecture jobs.
Implications
The findings of this study have implications for both employees and employers.
Professionals currently working in jobs under the top 10 highest paying categories will enjoy higher pay and more job offers than other job categories outside the list. Likewise, job seekers will be guided in terms of which professions are in high demand and likely to offer high salaries.
For employers, the findings highlight the need to offer competitive salaries in order to attract and retain the best talent. Businesses should also prepare to make adjustments in benefits, or working arrangements, so they can retain their key staff and reduce employee turnover.
Job prospects
Cebu is slowly emerging from a pandemic, and it’s difficult to predict what the job prospects for the coming years will be. However, for 2022, we can definitely see that companies in Cebu are eager to get back on track with their existing business and even in exploring new opportunities, which will bring with it more job vacancies, according to Chiongbian.
A number of industries are pivoting their operations to remain relevant. Because of this professionals will have to adapt their skills to the business environment in the new normal.
The Mynimo executive believes that both employers and employees can leverage what they have learned during the pandemic and apply those lessons to create better opportunities moving forward.
Mynimo created the 2022 Cebu Salary Report to help employers with the information they need to develop and refine recruitment plans and human resource insights that will make them more competitive.
The full report is available for pre-order at www.mynimo.com/salaryreport. (PR)