Recruitment through online hiring continues a downward spiral in the Philippines according to Monstor.com.
The negative trend has fallen sharply, as much as 36 per cent over the past few years.
The Monster Employment Index (MEI) is an online job-posting register which shows real-time review of millions of employer job opportunities.
“This is based on an aggregate measure of the change in the online job listings across industries in the Philippines,” Monster.com Managing Director for India, Middle East, Southeast Asia and Hong Kong Sanjay Modi told the BusinessMirror in an e-mail interview.
Those jobs that are monitored daily to keep the MEI updated are IT, or information technology, telecom and Internet service provider sectors, creating an overall ten percent decline is online hiring within the Philippines.
The financial sector and insurance sector saw the next level of decline in hiring online – other IT-enabled services remained flat.
The production/manufacturing, automotive and ancillary sector suffered the worst – combined they suffered a 62 per cent loss in online hiring within the Philippines.
“The Philippine Statistics Authority saw continual contractions in Philippines’s manufacturing sectors due to weakening global demands.
“This has likely played a role in the decline in hiring across the production/manufacturing, automotive and ancillary sector, as seen in the Index,” Modi said.
That being said, it’s also a key area the government is actively working to improve on to bolster the country’s economy and hiring activities may rise by end of the year to keep up with upcoming demands, he added.
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