The foundit Insights Tracker (fit) Philippines, previously known as the Monster Employment Index, is our definitive monthly guide to the Philippines e-recruitment trends. It presents an in-depth view of the Philippines recruitment climate after analysing millions of job postings.
Hiring Overview
foundit Insights Tracker for the Philippines captured a marked 13% decline in e-recruitment from July 2022 to July 2023. MoM hiring dipped by 7%, with the preceding quarter also seeing a 9% drop in hiring.
In the preceding quarter, online recruitment dwindled by 9%. The tracker underscores a discernible slowdown in the e-recruitment arena, showing a vulnerable employment landscape.
Sectoral Insights
In Demand: The Healthcare industry was in the spotlight for July ’23, posting a commendable +11% YoY growth. Right behind was the BPO/ITES sector, clocking in a +5% surge and showcasing a consistent annual ascent.
Facing Challenges: In contrast, the Logistics, Courier/ Freight/ Transportation, Shipping sector nosedived with a -40% annual dip, marking the steepest drop for July.
Roles like Advertising, MR, PR, Media & Entertainment, and Education sectors trailed with a decline of -26% and -25% respectively.
Annual Hiring Patterns — By Function
On the functional front, Healthcare professionals were in high demand (+14%).
However, certain roles like HR & Admin (-30%) and Purchase/ Logistics/ Supply chain (-25%) saw significant reductions.
For an in-depth dive into the Philippines’ hiring trends, explore foundit’s latest report.
