{"id":20488,"date":"2023-09-21T13:39:17","date_gmt":"2023-09-21T08:09:17","guid":{"rendered":"https:\/\/www.foundit.com.ph\/career-advice\/?p=20488"},"modified":"2023-11-15T13:50:50","modified_gmt":"2023-11-15T08:20:50","slug":"foundit-insights-tracker-philippines-aug-2023","status":"publish","type":"post","link":"https:\/\/www.foundit.com.ph\/career-advice\/foundit-insights-tracker-philippines-aug-2023\/","title":{"rendered":"Philippines\u2019 Hiring Landscape in August 2023: foundit Insights Tracker Overview\u00a0\u00a0"},"content":{"rendered":"\n<p>The foundit Insights Tracker (fit) Philippines, formerly the Monster Employment Index, provides a monthly snapshot of the country&#8217;s e-recruitment trends, interpreting millions of job postings.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Hiring Snapshot&nbsp;<\/strong>&nbsp;<\/h3>\n\n\n\n<p>&nbsp;August 2023 recorded a 9% YoY decline in hiring for Philippines. However, an encouraging 3% MoM growth hints at a reviving job market, despite the 5% dip over the past six months. Industries are keen on reskilling and upskilling, aligning with changing job dynamics.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Sectoral Overview&nbsp;<\/strong>&nbsp;<\/h3>\n\n\n\n<p><strong>In Demand: <\/strong>Retail outshines with a +45% YoY surge, fueled by expanding retail outlets. Healthcare, with +8% YoY growth, and Consumer Goods\/ FMCG, showing a +1% rebound, are also on the rise.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Challenges: <\/strong>The Logistics sector endured a significant -35% YoY decrease, with Education at -24% and IT and Telecom\/ISP down by -22%.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Notably, Hospitality, despite a slight YoY decline, registered a 16% MoM jump.&nbsp;&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>Other sectors, like BFSI and Production\/Manufacturing, witnessed declines, but some, like Advertising, saw MoM improvements.&nbsp;&nbsp;<\/p>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vRcXn-WzToj00jnV-dwQsXx17iHC8VOG5Pa-78V-cdZfnzSHlc8b5Vk2r1DSxKVpQ\/embed?start=false&#038;loop=false&#038;delayms=3000\" frameborder=\"0\" width=\"640\" height=\"389\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Functional Insights&nbsp;<\/strong>&nbsp;<\/h3>\n\n\n\n<p><strong>In Demand: <\/strong>Boosted by the Retail sector, Sales &amp; Business Development roles saw +15% YoY growth. Healthcare and<strong><a href=\"https:\/\/www.foundit.com.ph\/search\/customer-service-jobs\" target=\"_blank\" rel=\"noopener\" title=\" Customer Service\"> Customer Service<\/a><\/strong> roles also enjoyed positive momentum with rises of +10% and +6%, respectively.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Challenges: <\/strong><\/h3>\n\n\n\n<p>Purchase\/Logistics\/Supply Chain roles saw a -24% dip YoY, shadowed by Marketing &amp; Communications and HR &amp; Admin with -23% and -22% declines. Yet, Software, Hardware, and <strong><a href=\"https:\/\/www.foundit.com.ph\/search\/telecom-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Telecom roles\">Telecom roles<\/a><\/strong> echoed a digital renaissance with a +1% growth.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Hospitality &amp; Travel had subdued MoM changes, and roles in Engineering\/Production\/Real Estate and Finance &amp; Accounts experienced yearly declines.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Dive deeper into the nuanced hiring trends of August 2023 with the fit Philippines report.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The foundit Insights Tracker (fit) Philippines, formerly the Monster Employment Index, provides a monthly snapshot of the country&#8217;s e-recruitment trends, interpreting millions of job postings.&nbsp;&nbsp; Hiring Snapshot&nbsp;&nbsp; &nbsp;August 2023 recorded a 9% YoY decline in hiring for Philippines. However, an encouraging 3% MoM growth hints at a reviving job market, despite the 5% dip over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-20488","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-insights-tracker"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/20488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/comments?post=20488"}],"version-history":[{"count":4,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/20488\/revisions"}],"predecessor-version":[{"id":22560,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/20488\/revisions\/22560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/media\/17264"}],"wp:attachment":[{"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/media?parent=20488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/categories?post=20488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/tags?post=20488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}