Over the past years, the local recruitment landscape has dramatically changed. This is because of the growing demand for talents and skills from the IT-BPO industry and new players have set foot in the domestic market. The is mainly attributed to the growing Philippines economy and the established reputation of the country as a top global offshore destination.
For recruitment firms in the Philippines, the battle to recruit will only get even tougher with evolving trends and emerging technologies such as virtual experience and AI will play a huge piece in the game. That’s why, companies look for recruitment service providers that can keep abreast of their needs, ultimately to find and secure talents of the future.
For jobseekers, constant education and access to information should be made available to prepare them for what’s ahead. It may help them upgrade their skill set or change their career path. That’s why the recruitment industry must continuously work with companies and the government to build the talent pipeline.
So, here we’ve looked in to industries that talents and skills are most in-demand. These industries have been the most popular in terms of the pull of workers based on the jobs hiring in the Philippines but we’ve giving you brief insights as to why these will still be the most popular in the next decade.
Business Process Outsourcing
The outsourcing sector has enjoyed continuous growth since the time it boomed around 25 years ago. Up until this day, the Philippines remains the call center capital of the world. However, the industry backed by the government has started building efforts to strengthen knowledge-based outsourcing services. This includes areas such as finance, research, medical, business operations, legal and data science.
IT-Enabled Services
While the IT outsourcing industry has grown, the Philippines is still behind India and now competing with emerging outsourcing locations such as the Eastern Europe, Brazil, China and from our neighborhood, Vietnam and Thailand. These countries are on top of the competition mainly because of the quality, cost-advantages, skills and favorable regulations. The Philippines Software Industry Association (PSIA) continuously work with its members and builds programs to help expand the IT industry and prepare for the next.
Engineering & Construction
While the real estate industry is growing, the government’s ‘Build, Build, Build’ project will continue in the next coming years. This means, more engineering professionals and construction workers are needed to accomplish these projects. Infrastructure projects and economic growth will expand businesses in the new wave cities and emerging locations.
Banking & Finance
The banking and finance industry has been steadily recruitment professionals including bank managers, customer service officers, accountants, auditors, brokers, sales officers, administrative support and more. However, the emergence of fintech in the local market has required new skill set-specific talents and would require more in the next coming years.
Manufacturing
As the Philippines is gaining a better economic outlook, more companies will likely look into relocating the manufacturing base in the country due to advantages such as manpower, English-speaking population, competitive compensation scheme and government support. More companies would follow the lead of manufacturing companies that have already established operations in the Philippines bringing more job opportunities to Filipino workers.
Fast-Moving Consumer Goods
The FMCG is a big industry where in-house recruiters and service providers work non-stop just to fill in the manpower ramp. The rise of e-commerce in the Philippines has made the FMCG industry amassed massive growth. From small to large online shopping companies, more talents would be needed in the field of operations digital marketing, warehousing, logistics and IT.
Tourism
The annual recognition from travel magazine and media companies rank the Philippines as a top travel destination plus the aggressive marketing campaign of the Department of Tourism to promote the country’s tourism industry could put the Philippines on top 10 on the World Tourism Rankings. The tourism industry could produce more jobs including in the field of hospitality, retail, travel, local business and other related areas.
In conclusion, it’s not just the recruitment services industry but also jobseekers and the new generations to come must keep an eye for what’s coming up next. The emergence of new technologies and evolving trends would produce more job opportunities that would require new and advanced skill sets.
