Online hiring in the Philippines is looking slightly more positive in June 2015, despite a -32% year-over-year decline when compared to June 2014. This figure, although in decline, is significantly higher than the -43% reported year-on-year for May 2015, according to the Monster Employment Index (MEI) Philippines.
The MEI, a gauge of online job posting activity, was first released in Philippines in April 2015. It records the industries and occupations that show the highest and lowest growth in recruitment activity locally.
Across the 12 industries monitored by the Index, the BPO/ITES sector registered the most significant growth at 8% year-over-year. It was also the only industry sector that saw a positive growth year-over-year since April 2015. The IT, Telecom/ISP industry remained stagnant at 0% year-over-year.
On the other hand, the Production/Manufacturing, Automotive and Ancillary industry registered a year-over-year decline of 56%, its fifth decline since February 2015.
Customer Service roles saw its first positive growth since April 2015 at 10% year-over-year, which is also the only occupational group that registered positive growth. The Engineering/Production, Real Estate roles saw the steepest decline at -49% year-over-year, the fifth consecutive decline since February 2015.
“Slow online hiring in the first half of Q2 can be attributed to Philippines’ weak Foreign Direct Investment, where figures have fallen by over 50%. The BPO/ITES sector – the best performing sector as seen in the MEI results – is set for growth with the continued support from the government,” said Sanjay Modi, Managing Director of Monster.com (India/ Middle East/ Southeast Asia/ Hong Kong).
“With the 2016 presidential elections coming up, online hiring activities are more likely to see greater improvement, as the new government is expected to boost Philippines’ economy, creating more job opportunities.”
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.
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.
