Malaysia’s online hiring decline likely to slow in 2017: Page 3 of 3
By Digital News Asia January 25, 2017
Philippines’ recruitment outlook to remain positive
2017 is shaping up to be a positive year for online recruitment in the Philippines, as the upward trend of online hiring from the second half of 2016 continues into the New Year, according to Monster.com
The Philippines’ employment landscape enjoyed strong growth in overall hiring activity – most notably in the second half of 2016, where consistent positive annual growth in online hiring activity was recorded. According to the MEI, this paints a positive picture for the months ahead.
Overall, the Philippines got off to a slow start in 2016, when all industries collectively witnessed a -10% year-on-year dip in hiring activities in January. This was then followed by a -12% year-on-year decline in February – the steepest drop in the series.
In April, the country saw its first positive growth at 4% year-on-year, and continued to see consistent positive hiring trend for the rest of the year.
While there was a slight annual dip of -2% in September, recruitment activity quickly picked up from October. As of December 2016, the Philippines recorded 3% annual growth in online hiring activity.
“The local Philippine economy has held up relatively well against external storms in 2016 when compared 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,” said Modi.
“In 2017, the country can expect to see a lot more spikes in employment activities, particularly at the start of the year where companies are warming up their engines for the new fiscal year ahead and will see a demand for fresh talent to facilitate operations, especially in the tourism, manufacturing and BPO sector. 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 workforce, and will likely contribute to hiring numbers in 2017.”
Positive growth outlook for IT sector
Online hiring in the IT sector has also been positively stable over the last 12 months for the country. The MEI recorded a 12% year-on-year growth in online hiring in January, seeing its sharpest growth in April at 23% year-on-year. The year capped off with a 12% year-on-year growth in December 2016.
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