According to analysts from US-based job portal Monster.com, the Philippines is set to benefit from boost in online hiring activity in 2017. This is due in part to the push to create new jobs and growth in the tourism, manufacturing and the business-process outsourcing (BPO) sectors.
“In 2017 the country can expect to see a lot more spikes in employment activities, particularly at the start of the year, when companies are warming up their engines for the new fiscal year and see a demand for fresh talent to facilitate operations, especially in the tourism, manufacturing and BPO sectors,” said Sanjay Modi, managing director of Monster.com in the Asia Pacific and the Middle East in a statement.
“On top of that, the government has planned to create at least 1.2 million new jobs each year until 2022 to fully tap into the local untapped work force, and will likely contribute to hiring numbers in 2017,” he said.
There’s also good news for the banking, financial services and insurance (BFSI) sector. Monster predicts the sector will continue growing double-digit this year, while the information-technology sector will also continue its stable online employment growth in 2017.
“The local Philippine economy has held up relatively well against external storms in 2016 when compared with its regional counterparts. This is attributed to the country’s sound fundamentals and other strong policies that were put in place, positioning the country as a shining spot for business opportunities and investments, and in turn, greatly boosting job opportunities for locals, and the economy on the whole,” Modi said