THE Duterte administration’s new employment targets will likely boost online hiring in the Philippines this year, online employment analyst Monster.com said.
Based on the latest Monster Employment Index (MEI), Monster.com said that, while online hiring in the Philippines only posted a 3-percent growth last December, things are about to look up in 2017.
Apart from the push to create new jobs, the tourism, manufacturing and the business-process outsourcing (BPO) sectors are bound to support the growth of online hiring in the Philippines.
“In 2017 the country can expect to see a lot more spikes in employment activities, particularly at the start of the year, when companies are warming up their engines for the new fiscal year and see a demand for fresh talent to facilitate operations, especially in the tourism, manufacturing and BPO sectors,” said Sanjay Modi, managing director of Monster.com in the Asia Pacific and the Middle East.
“On top of that, the government has planned to create at least 1.2 million new jobs each year until 2022 to fully tap into the local untapped work force, and will likely contribute to hiring numbers in 2017,” he said.
Monster.com said the banking, financial services and insurance (BFSI) sector is expected to continue growing double-digit this year, while the information-technology sector will also continue its stable online employment growth in 2017.
The marketing sector is expected to pick up in the first three months of 2017, but its growth will likely fluctuate for the rest of the year.
Demand for HR professionals may improve in the first quarter of 2017, despite recording only a 4-percent year-on-year growth in December 2016.
“The local Philippine economy has held up relatively well against external storms in 2016 when compared with its regional counterparts. This is attributed to the country’s sound fundamentals and other strong policies that were put in place, positioning the country as a shining spot for business opportunities and investments, and in turn, greatly boosting job opportunities for locals, and the economy on the whole,” Modi said.
The MEI is based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across the Philippines.