FEWER Filipinos have found employment through electronic recruitment as only hiring activity in the country declined by 36 percent year on year (YOY) in July, according to the Monster Employment Index (MEI) Philippines.
MEI data also showed a four percent drop in e-recruitment activities in June 2015.
The production/manufacturing, automotive and ancillary industry registered the lowest growth YOY at -57%, just behind engineering, construction and real estate at -50 percent.
“It is not surprising that the production and manufacturing sector and engineering and production jobs are still seeing the steepest decline across the Philippines. The industry has been in turmoil for the past one to two years as it has faced numerous constraints, meaning job activity has also been heavily affected,” said Sanjay Modi, managing director of Monster.com for India, Middle East, Southeast Asia and Hong Kong.
The education sector, which has been contracting since March 2015, continued its decline at 6% YOY in July. Information technology, telecom and Internet service providers saw a 7% decrease.
“This slowdown in e-recruitment activity is highlighted by the fact that only one industry group and one occupation group out of all monitored by the MEI registered any positive growth between July 2014 and July 2015,” Monster.com said.
Finance and accounts decreased by 12%; and software, hardware, and telecom fell by 18%.
Monster.com data showed that only the business-process outsourcing/information-technology enabled service (BPO/ITES) sector showed an increase in online hiring activities year-on-year at 9 percent in July 2015, which represented a one percentage point growth from June 2015.
“The BPO/ITES sector in the Philippines continues to attract more talent, as new call centers continue to open up across the country. The education sector is also seeing a slow increase in activity, as the government attempts to improve its health care and education system, with plans to hire more public-school teachers and health workers in the next couple of years,” Modi said.
In terms of occupation, the only job to register positive growth is customer service, which registered an 18% YOY hike, an eight-percentage points increase from June 2015.
Modi, however, said that “while overall online hiring activities in the region are looking bleak, the figures could pick up in the coming months, particularly among Finance & Accounts roles.”
“Even with the introduction of new banking technologies which serve to facilitate operations within the industry, there will still be a demand for various roles to fill existing workplace gaps,” he added.
The MEI 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 web sites 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.
Launched in May 2015, with data collected since January 2011, the MEI is a broad and comprehensive monthly analysis of online-job posting activity in the Philippines, conducted by Monster India.
The MEI was first released in the Philippines in April 2015. (Bong D. Fabe)
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