Philippines Job Market Insights for October 2023: foundit Insights Tracker 

The foundit insights tracker (fit) for the Philippines indicated a 4% annual decrease in e-recruitment for October 2023, with stable month-over-month growth in October’23 .  

 October’s figures mirror a stable yet subdued job market over the past three months, with companies adjusting their hiring strategies amid shifting market dynamics. 

Sector-Wise Highlights (YoY numbers)  

Positive Momentum: Retail, Healthcare, and BPO/ITES sectors experienced annual growths of 26%, 17%, and 15%, respectively. 

Challenges Ahead: Logistics, IT, Telecom/ISP, Advertising, and BFSI sectors saw declines, with Logistics facing the steepest drop at 18% YoY. 

Functional Area Insights 

Growing Roles: Customer Service roles surged by 18% YoY, while Healthcare roles also saw an increase. 

Roles in Decline: Sales & Business Development and HR & Admin roles faced the most significant declines at -11% YoY. 

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.