Online hiring in the Philippines saw an increase of 6% in March 2022 when compared to March 2021, according to data from the Monster Employment Index (MEI).

The Monster Employment Index (MEI) saw an increase in e-recruitment activity as index rise to 133 in March 2022 from 125 in March 2021.

Month-on-month, the job demand noticed a decline of 1%, as February’22 saw an index of 134.

Online recruitment activity has seen 5% growth in last six months.

Online hiring demand in March 2022 exceeded March 2021 level in 9 of the 12 industries monitored by the Index.

The following industries reported the highest annual growth in March 2022: IT, Telecom/ISP (Internet Service Provider) (+55%), BFSI (Banking, Financial Services and Insurance) (+21%), and Retail (+17%).

The Education industry (-22%) and Logistics, Courier/ Freight/ Transportation (-24%), witnessed declines in hiring activity.

Annual online demand for professionals saw an increase in 8 out of 10 functional areas as monitored by the Index.

Finance & Accounts (+33%), Purchase/ Logistics/ Supply Chain (+19%) and Software, Hardware, Telecom (+18%), saw the steepest growth among all monitored functional areas in March 2022 from the year-ago level.

Online hiring for Healthcare (-2%) and Sales & Business Development (-2%) professionals saw drop in hiring in March 2022 compared to March 2021.

The Index is a broad and comprehensive monthly and quarterly analysis of online job posting activity conducted by Monster.