ONLINE hiring activity in the Philippines remained on a decline as seen in May this year, when the number of hiring plunged by 43 percent compared to the same month in 2014, data from jobs listing site Monster.com showed.
This was based on the results of the Monster Employment Index (MEI) Philippines, which showed a decline in hiring across all industries and occupation sectors.
“Although the Philippine government is attempting to increase job creation, these efforts have not yet shown results. The Philippines has registered a sharp slowdown in online recruitment activity, with the lowest in the last three years being reported in the first quarter of 2015. The latest data from MEI Philippines show this decline is continuing,” explained Sanjay Modi, managing director of Monster.com (India, Middle East, Southeast Asia, Hong Kong).
“With significant drops in exports and the reduction of government spending in the country, hiring activities are unlikely to be picking up anytime soon,” Modi added.
The MEI Philippines is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across Philippines. This index presents a snapshot of employers’ online recruitment activity nationwide. While the index does not reflect the trend of any one advertiser or source, it is considered an aggregate measure of the change in job listings across the industry.
Monster.com said the business process outsourcing (BPO) sector saw the least decline of 2 percent in May compared to the previous year. The production/manufacturing, automotive and ancillary industries saw the steepest fall for the fourth time in a row with a 62-percent drop year on year.
In terms of occupation, the lowest decline was seen in customer service-related jobs at only 5 percent, while the biggest decline of 54 percent was seen in jobs related to engineering, production, and real estate.
Monster.com is part of the New York stock exchange listed Monster Worldwide Inc., a premier global online employment solutions provider that has a local presence in key markets in North America, Europe, and Asia. Monster Worldwide is also a member of the S&P 500 index.