Recent news said that almost 500,000 Filipinos lost their jobs in the past several months but as optimistic as we Filipinos are, we still think that 2018 is poised to be a good year in the Philippine job market. This optimism is reflected in this year’s JobStreet.com Job Outlook Report where both employers and talents expressed an optimistic view in relation to hiring and job search activities.
Now on its second year, JobStreet.com Job Outlook Report, the survey results was officially released last February 27, 2018.
Here are the 8 important highlights of the Job Outlook Report based on the answer of the companies in relation to their job market outlook for 2018:
On a 7-point scale, employers averaged a 5.01 showing an increase in outlook optimism against last year, while candidates maintain their optimism at 4.68, though this outlook is slightly lower this year.
Increased hiring activity this 2018 as 95% of Philippine companies claim to be expanding, hiring more personnel, and maintaining their hiring rate.
Increased job-hunting activity as 88% of candidates will be either monitoring the job market or applying for jobs in 2018.
Increased in job postings for call center/IT-enabled services, retail, and manufacturing industries. The three sectors are still the top three hiring industries.
Respondents said that searching and applying for good job opportunities may be more challenging this year because of increased competition in their fields. Diversification of skills and jobs are also a concern in their job-hunting journey.
Not getting the benefits they want from employers is the main reason why candidates are more active in searching for better opportunities this year.
Close to 80% of candidates pointed to health and medical insurance for themselves and their dependents, but only 52% claim to enjoy it.
86% listed family care leave as their most desired form of time-off, but only 13% enjoy this type of leave benefit.
During the presentation, JobStreet.com Philippines Country Manager Philip Gioca; in a nut shell, shared; “While more candidates see themselves to be more participative in the job market this year, companies are also foreseeing robust hiring activity, which means the competition to attract and retain top talent will be more vigorous. What will make or break employers this year is how attentive and primed they are to address the emerging needs of employees.”
For more information on the 2018 JobStreet.com Job Outlook Report, visit www.jobstreet.com