JOB search site Jobstreet.com (Jobstreet) has signed an agreement with the Labor department to survey the international market for Filipino workers.

Jobstreet Philippines Country Manager Philip A. Gioca told BusinessWorld said that the collaboration with the labor department will help the Philippines adjust to developments in global demand.

“The problem with the Philippines is that when there is a low demand… people will produce so much. We need to have good calibration to (be in tune with) the world’s supply of talent,” he said.

He added that the Department of Labor and Employment (DoLE) and Jobstreet have collaborated before in research but in the upcoming study, “We will try to project demand and the supply of talent… over periods like the next five years.”

Mr. Gioca said that the study will be released six months from now and will monitor various industries.

The study aims to also answer how to manage occupations where demand and supply have been fluctuating, which he said include nursing. He added that schools have limited their output nurses because of past reports of oversupply.

“There’s high demand and limited supply (for nurses)… Around three to five years ago, we had an oversupply of nurses so the colleges decreased the number of classes. Now, (those decisions) have taken their toll,” Mr. Gioca said. — Gillian M. Cortez

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