Thirty-five percent of companies in the Philippines are looking to increase their headcounts and 45 percent are maintaining status quo in 2021, a report of professional recruitment services firm Michael Page Philippines said.
Olly Riches, managing director of Michael Page Indonesia and Philippines, said findings of the company’s Talent Trends 2021 Report suggest a growing optimism in the country.
“We are seeing positivity increase across the board with regards to recruitment and hiring in the Philippines. While the country’s e-commerce (electronic commerce) and logistics sectors aren’t as developed as other Asia Pacific markets, the traditional consumer markets have remained robust and are assisting in the economic recovery,” Riches said in a statement.
The report showed the top five sectors with highest hiring activities in the Philippines in 2021 are e-commerce, financial services, insurance, technology and telecoms and fast- moving consumer goods.
The top five job types with the highest hiring activity are: general management, marketing, supply chain and sales and technology.
The report highlights a strong demand for technology professionals at all levels as companies have adjusted to the rapidly evolving business landscape, often bringing in external skills sets to accelerate these changes.
“Separately, we’re seeing an increase in hiring across e-commerce particularly within fintech, logistics and consumer platforms,” Riches said.
He added acquiring and retaining high potential talent will be crucial to enable companies to build sustainable operations to position for future growth.
The report showed 76 percent of employed technology professionals in the Philippines anticipate looking for new opportunities in 2021 while another 20 percent are open to new ones.
In this light, Riches said professionals seeking new positions should take note that “companies are looking for technology hires with proven capabilities via third-party assessment, as well as those with solid experience working on different projects.”
As a viable option to bridge skill gaps arising from their move to business recovery in 2021, 56 percent of companies in the Philippines cited their continued investment in employees by upskilling the workforce with training while 56 percent turned to the use of automation for basic processes. Filipino professionals have also been empowered with the wealth of information available to them when considering a new job offer.
One in three of the study’s respondents claimed they did extensive research on the company before applying for a job.
To be an employer of choice, professionals particularly those born in or after 1981 (Gen Y & Z) rank career growth opportunities, healthy work culture and an aligned company mission to personal values as the top factors.