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Home > Insights TrackerPhilippines' Hiring Landscape in April 2024: Key Takeaways from the foundit Insights...

Philippines’ Hiring Landscape in April 2024: Key Takeaways from the foundit Insights Tracker 

The foundit Insights Tracker (FIT) for the Philippines has unveiled a notable 9% increase in hiring demand annually as of April 2024. 

The FIT index shows a positive trend compared to the same period last year. Despite a 6% month-on-month decline, the overall trajectory reflects a positive outlook on an annual basis. 

The tracker also highlights a significant 12% decrease over the past three months, emphasising the need for job seekers to remain agile and continually update their skill sets amidst changing dynamics. 

Hiring Trends – Industry 

9 out of 12 industries monitored by the FIT have witnessed an annual increase in hiring activity in April 2024. 

In Demand: 

The Retail sector leads with an impressive 77% annual growth, driven by businesses leveraging robust growth momentum across diverse segments. 

Logistics, Courier/Freight/Transportation, and Shipping saw a notable 34% increase, while Hospitality experienced a 22% surge. 

Facing Challenges : 

The IT, Telecom/ISP sector continues to face a significant annual decrease of 18%, with the Consumer Goods/FMCG, Food & Packaged Food sector registering a 9% drop. The Healthcare sector witnessed a marginal 1% dip annually. 

Notable Growth: 

Several other sectors displayed positive growth trends: Production/Manufacturing, Automotive and Ancillary (+3%), BPO/ITES (+4%), BFSI (+11%), Engineering, Construction, and Real Estate (+13%), Advertising, Market Research, Public Relations, Media, and Entertainment (+20%), and Education (+16%). 

Hiring Trends – Functional Area 

9 out of 10 functional areas tracked saw an annual increase in online recruitment activity. 

In Demand: 

Purchase/Logistics/Supply Chain roles witnessed a remarkable 52% growth, primarily attributed to the continuous expansion within the Retail sector. 

Marketing & Communications experienced a 30% surge, while HR & Admin roles saw a 23% increase. 

Facing Challenges: 

Software, Hardware, Telecom roles experienced a 5% annual decline, marking the only sector with a decrease. Additionally, these professionals saw a 9% dip over the last month. 

Other functions experiencing annual increases include Customer Service (+1%), Hospitality & Travel (+7%), Healthcare (+7%), Engineering/Production/Real Estate (+9%), Finance & Accounts (+11%), and Sales & Business Development (+13%). 

About the foundit Insights Tracker 

The foundit Insights Tracker (FIT) Philippines, earlier known as the Monster Employment Index, is the leading guide to the Philippines’ e-recruitment landscape. By examining millions of job listings, FIT provides insights into hiring trends in the Philippines. 

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