{"id":39170,"date":"2024-06-27T14:05:47","date_gmt":"2024-06-27T08:35:47","guid":{"rendered":"https:\/\/www.foundit.com.ph\/career-advice\/?p=39170"},"modified":"2024-06-27T14:06:44","modified_gmt":"2024-06-27T08:36:44","slug":"foundit-insights-tracker-philippines-may-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.com.ph\/career-advice\/foundit-insights-tracker-philippines-may-2024\/","title":{"rendered":"Philippines&#8217; Hiring Landscape in May 2024: Key Takeaways from the foundit Insights Tracker"},"content":{"rendered":"\n<p><strong>Key Highlights of the Month <\/strong>\u00a0<br>\u00a0<br>The Philippines&#8217; foundit Insights Tracker records a 6% surge in hiring activity from May 2023 to May 2024. In May 2024, the FIT index climbed to 135, up from 127 in May 2023. Additionally, hiring activity saw a 2% month-over-month (MoM) increase, rising from 132 in April 2024 to 135 in May 2024. The latest tracker data indicates a significant 5% increase in hiring activity over the past six months.\u00a0<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vQmmwwDdw8PtqCjGHUVUgOZ8vi7GFQHkTS_ILpcA2fAn815DMQeSIX6F5P8EMLmwg\/embed?start=false&#038;loop=false&#038;delayms=3000\" frameborder=\"0\" width=\"640\" height=\"389\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe>\n<\/div>\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\/2024\/06\/fit_PH_-May24.pdf\" target=\"_blank\" rel=\"noopener\">Download May 2024 fit Report (India) PDF<\/a>\n<\/div>\n\n\n\n<p><strong>Hiring Trends &#8211; Industry<\/strong> \u00a0<br><em>Robust hiring growth was observed in 10 out of the 12 monitored industries in May 2024.<\/em>\u00a0<\/p>\n\n\n\n<p><strong>In Demand:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Retail (+112%) expanded significantly YoY, driven by the luxury goods market growth.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Logistics, Courier\/Freight\/Transportation, and Shipping (+45%) also experienced remarkable YoY growth, with a notable 13% uptick compared to the previous month.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Advertising, Market Research, Public Relations, Media, and Entertainment (+14%) saw an annual increase in job openings.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Facing Challenges:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IT, Telecom\/ISP (-23%) faced a significant annual drop.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consumer Goods\/FMCG, Food &amp; Packaged Food (-11%) registered an annual dip.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Other Growth Areas:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>BFSI (+5%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>BPO\/ITES (+7%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Engineering, Construction, and Real Estate (+7%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Hospitality (+8%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Healthcare (+10%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Hiring Trends &#8211; Functional Area&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p><em>9 out of 10 functions monitored by the tracker exceeded the year-ago level in May 2024.<\/em>&nbsp;<\/p>\n\n\n\n<p><strong>In Demand:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purchase\/Logistics\/Supply Chain (+63%) saw a continuous surge, reflecting the strongest annual growth.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>HR &amp; Admin (+28%) and Sales &amp; Business Development (+27%) continued their robust growth, with data analytics as a key skill.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Facing Challenges:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Software, Hardware, Telecom (-14%) roles continued to drop.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Hospitality &amp; Travel (0%) experienced muted demand annually.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>About the foundit Insights Tracker&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>The foundit Insights Tracker (FIT) Philippines, earlier known as the Monster Employment Index, is the leading guide to the Philippines\u2019 e-recruitment landscape. By examining millions of job listings, FIT provides insights into the hiring trends in the Philippines.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights of the Month \u00a0\u00a0The Philippines&#8217; foundit Insights Tracker records a 6% surge in hiring activity from May 2023 to May 2024. In May 2024, the FIT index climbed to 135, up from 127 in May 2023. Additionally, hiring activity saw a 2% month-over-month (MoM) increase, rising from 132 in April 2024 to 135 [&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-39170","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\/39170","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=39170"}],"version-history":[{"count":1,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/39170\/revisions"}],"predecessor-version":[{"id":39172,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/posts\/39170\/revisions\/39172"}],"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=39170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/categories?post=39170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.com.ph\/career-advice\/wp-json\/wp\/v2\/tags?post=39170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}