ONLINE hiring in the Philippines witnessed a positive year-on-year growth of 13% between March 2018 and 2019, according to data from the latest Monster Employment Index (MEI).
The Healthcare industry recorded the highest demand growth with a 25% year-on-year rise in March. This was closely followed by the Consumer Goods / FMCG and Hospitality industry, both of which recorded a 24% year-on-year growth.
Other industries monitored by the index recorded significant positive growth, as well, with the exception of the Education sector, which witnessed an 11% decline between March 2018 and March 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 of the 10 occupations monitored by the Index recorded positive growth in March.
Purchase/Logistics/Supply Chain professionals witnessed the highest spike in demand with a remarkable 23% year-on-year growth for the month of March, followed by Finance & Accounts talent with a 20% year-on-year growth in demand.
Other occupations that experienced an impressive rise were Healthcare and HR & Admin, which saw 19% and 18% growth, respectively, between March 2018 and 2019.
“Online hiring sentiment in the Philippines has been consistently rising, and much of this growth can be attributed to the government’s infrastructural reforms, together with the push for greater foreign investment,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East.
“Finance Secretary Dominguez recently dubbed the Philippines as the region’s next economic powerhouse, and urged American businesses to invest in the local economy. This would be a huge step forward in bringing lasting positive changes to the economy, and would be bound to inject further growth in the local job market,” he added.
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 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.
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