JOB recruitment site Monster.com said online hiring in the Philippines rose 17% year-on-year in December, slowing down from the 23% gain posted in November.
In a statement on Tuesday, Monster.com said: “Online hiring growth in the Philippines experienced a strong growth rate of 17% year-on-year between December 2017 and 2018, though this was a slight drop from November’s 23% growth rate.”
Monster.com CEO for the Asia Pacific and Middle East Abhijeet Mukherjee said that the pattern of online hiring is expected to rise in 2019, amid expectations of improved economic growth in the Philippines.
“Online hiring in the Philippines has been consistently high for the year and will likely remain so in the coming year as well. In its World Economic Situation and Prospects 2019 report, the United Nations said they project the Philippines’ GDP growth to be 6.5% in 2019, up from 6.3% in 2018,” he said in a statement on Tuesday.
TheMonster Employment Index (MEI) indicated that in December, hiring in the hospitality sector grew 34% year-on-year, while health care rose 33%, retail 32%, logistics 26%, banking, financial services and insurance 19%, and advertising 13%.
Posting weaker growth were production/manufacturing, automotive and ancillary, which rose 11%, BPO/ITES 10%, and engineering, construction and real estate 7%. Education was the only sector posting a decline during the month at minus 8%. — Gillian M. Cortez