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Philippines – Job opportunities rising

02 September 2013

More job opportunities await Filipinos in the third quarter of the year, as more companies have expressed their intention to expand, especially in the trade and retail industry, a survey of Jobstreet.com showed.

The online-recruitment company said for the July-to-September period, 62.7% of the responding companies indicated they will hire more people to fill new job postings. This was a 6.7% increase from the 56% recorded last quarter.

A Jobstreet spokesperson commented: “It comes as good news to candidates that most employers are still expanding and hiring more people this third quarter of 2013. Even though competition is stiff among candidates in different industries, the promise of employment is still high.”

Since January Jobstreet.com said company expansions “have paved the way for recruitment by creating more jobs for our candidates.”

According to the latest Labour Force Survey of the National Statistics Office, the unemployment rate in April 2013 was estimated at 7.5%, which is higher than the estimate for April 2012 at 6.9%.

The spokesperson stated: “But with businesses that are growing internally and expanding their headcount, the remaining quarters are expected to be better and there is a greater chance of decreasing the number of unemployment before the year ends. Companies are hopeful that the year will end on an upward trend.”

It said the job outlook for the third quarter is looking to be the best yet this year. Expansions are expected in several industries, which stand to benefit supervisors and early jobbers, especially those in the field of sales, finance and customer service.

Most of the companies that are expanding come from the trade and retail industry (30.8%), followed by manufacturing (19.2%) and information-technology (15.4%).

Junior-level candidates have higher chances of getting hired in the quarter. About 60.8% of the companies said they mostly need junior-level employees, or those with one to four years of experience, followed by supervisors and fresh graduates (both at 13.7%).

Just like in the first two quarters of the year, sales executives are still the most in demand specialization in the third quarter. Most employers (51%) said they need to hire sales executives, followed by accountants (36.7%) and customer-service representatives (20.4%).

JobStreet.com is an online-recruitment company presently covering the employment markets in Malaysia, Singapore, the Philippines, Indonesia, India, Japan, Vietnam and Thailand. According to the group it currently services over 80,000 corporate customers and over 10 million job seekers in its database. JobStreet is listed on Main Board of Bursa Malaysia Securities.

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