{"id":21906,"date":"2023-10-26T11:35:30","date_gmt":"2023-10-26T06:05:30","guid":{"rendered":"https:\/\/www.foundit.com.ph\/career-advice\/?p=21906"},"modified":"2023-11-23T16:42:49","modified_gmt":"2023-11-23T11:12:49","slug":"foundit-insights-tracker-philippines-sep-2023","status":"publish","type":"post","link":"https:\/\/www.foundit.com.ph\/career-advice\/foundit-insights-tracker-philippines-sep-2023\/","title":{"rendered":"Philippines Job Market Insights for September 2023 : A Report by foundit Insights Tracker\u00a0"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Hiring Overview&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<p>The foundit Insights Tracker (fit) highlights a contrasting scenario for the Philippines&#8217; e-recruitment landscape. The tracker noted an 8% decline annually in e-recruitment activity for September 2023.&nbsp;<\/p>\n\n\n\n<p>Despite this, the tracker remained steady month-on-month, and even showed a small 3% growth in the job market over the last three months.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Companies appear to be adapting strategically to shifting market demands and planning for future hiring needs amidst the current socio-economic landscape.&nbsp;<\/p>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vSrYpTnTe5hrkcIbjZjB_K4XiOvAf_jzfBhYWG-m54fwtkTawoH9q7lUAW63L7qmQ\/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<h2 class=\"wp-block-heading\"><strong>Sector-Wise Highlights<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Just 4 out of 12 industries saw positive hiring growth for September.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Positive Momentum:&nbsp;<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Retail: +22% YoY growth, although with a month-on-month decline.&nbsp;<\/p>\n\n\n\n<p>Healthcare: Consistent +15% YoY and MoM growth, showcasing sustained demand.&nbsp;<\/p>\n\n\n\n<p>BPO\/ITES: +6% YoY, rebounding after a two-month dip, thanks to diversified outsourcing services.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Challenges Ahead:<\/strong>&nbsp;<\/h3>\n\n\n\n<p>IT, Telecom\/ISP: Leading the downturn with a -23% YoY decline.&nbsp;<\/p>\n\n\n\n<p>Advertising, MR, PR, Media &amp; Entertainment: -15% YoY decline.&nbsp;<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.foundit.com.ph\/search\/logistics-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Logistics\">Logistics<\/a><\/strong>, Courier\/Freight\/Transportation, Shipping: -13% YoY decline.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Sectors:&nbsp;<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Engineering, Construction and Real Estate showed a marginal +3% YoY growth.&nbsp;<\/p>\n\n\n\n<p>Multiple sectors including Consumer Goods, Hospitality, and BFSI exhibited negative annual growth, with declines ranging from -2% to -11%.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Functional Area Insights&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Growing Roles:<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Healthcare professionals saw the highest annual growth at +13% YoY.&nbsp;<\/p>\n\n\n\n<p>Customer Service roles increased by +8% YoY, likely due to the BPO sector&#8217;s growth.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Roles in Decline:<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Sales &amp; Business Development roles saw the steepest decline at -16% YoY.&nbsp;<\/p>\n\n\n\n<p>HR &amp; Admin declined by -15% YoY, although with a recent uptick in the past month.&nbsp;<\/p>\n\n\n\n<p>Marketing &amp; Communications roles also decreased by -13% YoY.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Functions:<\/strong>&nbsp;&nbsp;<\/h3>\n\n\n\n<p><strong><a href=\"https:\/\/www.foundit.com.ph\/search\/engineering-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Engineering\">Engineering<\/a><\/strong>\/Production\/Real Estate roles saw a flat 0% growth.&nbsp;<\/p>\n\n\n\n<p>Purchase\/Logistics\/Supply Chain roles dipped -12% YoY but experienced recent growth.&nbsp;<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.foundit.com.ph\/search\/finance-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Finance \">Finance <\/a><\/strong>and Accounts roles observed a -7% annual decline.&nbsp;<\/p>\n\n\n\n<p>In summary, the Philippines job market presents a mixed bag of opportunities and challenges. While some sectors and functions are witnessing growth, others are undergoing adjustments and contractions.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Read the full fit report for more insights&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<a style=\"display: inline-block;background-color: #7900c6;color: #fff;text-align: center;padding: 10px 20px;text-decoration: none;font-size: 18px;border-radius: 4px;font-weight: bold;\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2023\/10\/fit_PH_-Sep23.pptx.pdf\" target=\"_blank\" rel=\"noopener\">Download Sep 2023 fit Report (Philippines) PDF<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hiring Overview&nbsp;&nbsp; The foundit Insights Tracker (fit) highlights a contrasting scenario for the Philippines&#8217; e-recruitment landscape. The tracker noted an 8% decline annually in e-recruitment activity for September 2023.&nbsp; Despite this, the tracker remained steady month-on-month, and even showed a small 3% growth in the job market over the last three months.&nbsp;&nbsp; Companies appear to [&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-21906","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\/21906","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=21906"}],"version-history":[{"count":7,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/21906\/revisions"}],"predecessor-version":[{"id":22917,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/21906\/revisions\/22917"}],"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=21906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/categories?post=21906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/tags?post=21906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}