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

Key Highlights of the Month 

The Philippines’ foundit Insights Tracker recorded a 20% annual increase in hiring activity from August 2023 to August 2024, with the index rising from 118 to 142. However, month-over-month, there was a 5% decline, dropping from 149 in July 2024. While this reflects a temporary slowdown, hiring activity has shown consistent growth over the past three months, indicating a steady recovery. 

Hiring Trends – Industry 

10 out of the 12 monitored industries saw annual growth in August 2024. 

• In Demand: 

• Logistics, Courier/Freight/Transportation, and Shipping (+64%) led the hiring demand, fueled by e-commerce growth. 

• Retail (+45%), boosted by luxury goods, and BPO/ITES (+42%) also experienced significant growth. 

• Other sectors such as Hospitality (+32%), Advertising/Media/Entertainment (+42%), and Education (+30%) saw robust increases. 

• Facing Challenges: 

• IT, Telecom/ISP (-18%) and FMCG (-7%) faced declines in hiring. 

Hiring Trends – Functional Area 

9 out of 10 functions tracked saw annual growth in August 2024. 

• In Demand: 

• Purchase/Logistics/Supply Chain (+84%) saw the largest increase in demand. 

• HR & Admin (+67%) and Marketing & Communications (+58%) also saw substantial growth. 

• Facing Challenges: 

• Software, Hardware, Telecom (-17%) continued to decline year-on-year, but saw slight recovery with a 4% monthly growth. 

About the foundit Insights Tracker 

The foundit Insights Tracker (FIT) Philippines, formerly known as the Monster Employment Index, is a leading guide to the Philippines’ e-recruitment landscape. By examining millions of job listings, FIT provides valuable insights into hiring trends in the Philippines. For more information, visit foundit.com.ph