Among Singapore, Malaysia and the Philippines, the Information Technology (IT), Telecom/Internet Service Provider (ISP) and Business Process Outsourcing (BPO)/Information Technology Enabled Service (ITES) industry in the Philippines is the most likely to experience growth in the coming months.
This is according to a recently released Monster Employment Index, a monthly gauge of online job hiring activity, which records industries and occupations that show the highest and lowest growth in recruitment activity in various markets.
In fact, the Philippines was the only country that recorded slight positive growth in the BPO/ITES sector, at 9% year-over-year in July. The IT, Telecom/ISP sector on the other hand, recorded a year-on-year decline of 7%.
The fluctuations in online hiring within the industry have also been reflected in Software, Hardware, Telecom jobs, where none of the markets registered positive year-over-year growth. However, despite registering negative growth at -18% year-over-year, these job roles emerged as one of the top growth occupations in the Philippines - an indication of the overall negative slump online hiring is currently experiencing locally.
Conversely, the latest data for July 2015 revealed that IT, Telecom/ISP and BPO/ITES industry in Singapore experienced the steepest decline at -10%, when compared to July 2014. This is followed by Malaysia at -3% year-over-year. Overall, this sector is noted to be one of the lowest-growth industries in Singapore.
"In the Philippines, the BPO/ ITES industry will likely see greater growth in the coming months, as more call centres open up across the country and more talent is needed to maintain this. On the other hand, Singapore's growth may continue to decline as employers continue to exercise caution when it comes to hiring in the second half of the year. Despite the negative year-over-year growth in Malaysia, it is also worth taking note of the improvement in the pace of growth between July and June," said Sanjay Modi, Managing Director, Monster.com (India, Middle East, Southeast Asia, Hong Kong).
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