Wazzup Pilipinas!
Online hiring in the Philippines has shown a huge decline over the past year, according to the Monster Employment Index (MEI) Philippines, which is being released for the first time.
The Index reported a 31% decline in activity between April 2014 and April 2015, with a 20% month-on-month decline as well, between March and April 2015.
The MEI, a gauge of online job posting activity, also records the industries and occupations that show the highest and lowest growth in recruitment activity across the Philippines. In April 2015, the BPO/ITES industry showed the highest activity, although this was still in decline overall at -2%. The Production/Manufacturing, Automotive and Ancillary industry showed a steep decline in online hiring activity, at -51% year-on-year.
The second lowest growth industry was Advertising, Market Research, Public Relations, Media and Entertainment at -43%.
“The Monster Employment Index Philippines has registered a decline of 31% in the past year, with the BPO/ITES industry showing the most amount of promise. The Philippines’ economy has recently emerged as a global hub for BPO, currently employing over one million people,” said Sanjay Modi, Managing Director, Monster.com (India, Middle East Southeast Asia and Hong Kong).