Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

No growth in online hiring for BPO, IT in the Philippines: MEI

Adrian M. Reodique | Dec. 22, 2015
Despite the decline, BPO and IT sectors remain as top growth industries in the Philippines.

Philippines posted -22 percent year-over-year growth in online hiring activities related to IT, Telecom/ISP and BPO/ITES in November 2015, according to the latest Monster Employment Index (MEI).

This is a drop of 18 percentage point from the -4 percent year-on-year growth last October, the steepest decline among other markets (Singapore and Malaysia) covered by MEI.

Singapore and Malaysia have also experienced negative result in online hiring among these sectors, with -4 percent and -30 percent year-over-year growth, respectively.

Despite the decline, the IT, Telecom/ISP and BPO/ITES sectors are still considered as one of the top growth industries in the Philippines.

"Growth in the Philippines' economy has been sluggish, slowing down overall hiring in the country. Despite this, the nation is expected to outpace most of her peers in the region, especially with new policies expecting to be put in place to drive growth within the nation. This will likely boost hiring activity overall in this sector," said Sanjay Modi, Managing Director of online job portal (India, Middle East, Southeast Asia, Hong Kong).

Meanwhile, the three countries have also seen a dip in online hiring for Software, Hardware and Telecom sector.

According to the MEI, Malaysia remains to be the worst performing market in  this sector with -60 percent year-on-year growth in November from -53 percent last October. The Philippines exhibited the steepest decline from -27 percent in October to -38 percent year-on-year growth in November. Singapore, on the other hand, experienced the slowest decrease from -12 percent in October to -14 percent year-on-year growth in November.  

MEI is a monthly analysis of online hiring activities of employers in the Philippines, Singapore and Malaysia.


Sign up for CIO Asia eNewsletters.