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Demand for IT professionals in the Philippines declines

Recruitment of tech talent in the Philippines took a turn for the worse with negative figures for two consecutive months, according to the data provided by the Monster Employment Index, released by Monster.com.

IMAGE CREDIT: PIXABAY.COM

The Monster Employment Index (MEI) is a monthly gauge of online hiring activity across Singapore, Malaysia and the Philippines, tracked by Monster.com. It comprises data of overall hiring activity in each country, as well as specific data in IT and BPO sector. 

Singapore’s annual growth for both April and May displayed no signs of life, remaining constant at 13%. Malaysia recorded negligent annual growth of 1% in May, a 7% decline from the 8% year-on-year growth in April. 

The Philippines reported negative figures for both months, clocking in -8% and -6% respectively. 

Retail leads online recruitment activity among sectors on annual basis; whereas, BPO/ITES witnessed the steepest decline. Purchase/ Logistics/ Supply Chain register the most-notable annual growth in online demand among job-roles. 

Despite its less than stellar performance in hiring tech talent, the Philippines witnessed abundant growth in the availability of software and telecom jobs. Double digit year-on-year growth figures were reported for April and May, at 20% and 19% respectively. 

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