Philippines’ Hiring Landscape in December 2023: foundit Insights Tracker 

Overview of Hiring Activity 

The foundit Insights Tracker for the Philippines recorded a 10% increase in hiring activity from December 2022 to December 2023.  

There was also a 10% rise in Month-on-month hiring, and a 8% rise in hiring over the past 3 months, driven by holiday spending and government initiatives.  

Download Dec 2023 fit Report (Philippines) PDF

Hiring Trends by Industry (YoY numbers)  

9 out of 12 industries monitored by the tracker saw a remarkable hiring growth.  

In Demand:  

Remarkable annual growth in Retail (+60%), Education (+49%), BPO/ITES (+11%), and Healthcare (+11%). Retail sector benefits from festive demand. 

Facing Challenges:  

IT, Telecom/ISP (-18%) and other sectors like Consumer Goods/FMCG (-14%), and BFSI (-4%) see downturns but show potential recovery signs. 

Hiring Trends by Functional Area (YoY numbers)  

11 out of 12 categories saw an increase in recruitment activity compared to the year-ago level. 

In Demand:  

Significant increase in Customer Service (+26%), HR & Admin (+18%), and Marketing & Communications (+17%). 

Facing Challenges:  

Slight decline in Finance & Accounts (-1%) and stagnant demand in Healthcare (0%).

About the foundit insights tracker  

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

Team foundit

The foundit team transforms hiring by connecting job seekers with the right opportunities. They specialise in talent acquisition, business growth, and customer success. They connect job seekers with the right job role and help organisations build high-performing teams. With innovative technology, they make recruitment faster, and more effective for both employers and job seekers.