New York-based global online employment solution Monster.com, a unit of Monster Worldwide, Inc., sees the national elections in the Philippines next year will increase online-hiring activities locally.
“With the 2016 presidential elections coming up, online hiring activities are more likely to see greater improvement, as the new government is expected to boost Philippines’ economy, creating more job opportunities,” Monster.com Managing Director for Southeast Asia Sanjay Modi said.
Monster.com launched its latest Monster Employment Index (MEI) which measures online recruitment activity in the country.
It was first released in the local market in April 2015.
According to the latest MEI, online recruitment activities in the Philippines for the month of June — although remained negative — has improved to -32 percent year-on-year from -43 percent in the month of May.
MEI showed that the business process outsourcing and information technology enabled services (BPO/ITES) sector has the most active online employment in the Philippine market with year-on-year growth of 8 percent.
The BPO/ITES sector is also the only industry with positive growth in online hiring activities.
In terms of occupation, online hiring for customer services jobs has the highest growth of 10 percent year-on-year.
“Slow online hiring in the first half of second quarter can be attributed to Philippines’ weak foreign direct investment, where figures have fallen by over 50 percent. The BPO/ITES sector – the best performing sector as seen in the MEI results – is set for growth with the continued support from the government,” Modi said.