MANILA--E-recruitment in the Philippines witnessed positive year-on-year growth of 11% between April 2018 and 2019, according to the latest Monster Employment Index (MEI).
The Consumer Goods/FMCG industry led the demand with a 22% annual rise in April. This was closely followed by the Hospitality industry, which recorded a 21% year-on-year growth.
The IT, Telecom/ISP industry ranked among top growth industries for the first time in 2019, experiencing year-on-year growth of 14%.
Other industries monitored by the index recorded significant positive growth as well, with the exception being the Education sector, which saw a 6% decline between April 2018 and April 2019.
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.
When looking at specific job roles, all 10 of the occupations monitored by the Index recorded positive growth in April.
HR & Admin professionals received the highest spike in demand with the double-digit 19% year-on-year growth for the month of April, followed by Finance & Accounts talent with a 18% growth in yearly demand.
“The job market reported a stable momentum despite the 5.6% growth in the 1st quarter of 2019, and with the ongoing trade war and other economic headwinds businesses will remain cautiously optimistic,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East.
“As traditional roles continue to evolve, digital competency remains high in demand. In fact, employers have a huge responsibility to empower employees with the right set of skills development initiatives. Organisations creating personalised learning paths to upskill employees in their current and future roles command a huge competitive advantage.”
“More importantly, to attract top talent in a competitive labor market like the Philippines, it is crucial for organizations to cultivate a strong employer brand by clearly articulating why their company is a great workplace.”
The Monster Employment Index is a monthly look at 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 the 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. PR
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