Philippines' job market for bank and finance professionals on a hiring spree

E-recruitment landscape rose 14% YoY in August.

Thanks to Philippines’ sound economic infrastructure, banking and finance professionals are still in demand locally – higher than any other market tracked by the Monster Employment Index (MEI).

When compared to Singapore and Malaysia, the Philippines’ e-recruitment landscape is standing strong with a 14% increase in activity between August 2015 and August 2016.

Released monthly, the MEI data measures online job hiring activity by recording the industries and occupations that show the highest and lowest growth in recruitment activity across Singapore, Malaysia and Philippines.

The BFSI sector remained the overall worst performing industry in Singapore and Malaysia, with Malaysia registering the steepest fall at -13% year-over- year.

Singapore, on the other hand, reported a -5% year-over- year decline in August.

Hiring trends in the BFSI sector are also reflected in the hiring activity of the Finance & Accounts professionals, where these candidates were one of the least sought after in Singapore (-8% year-over-year decline) and Malaysia (-11% year-over- year).

The Philippines on the other hand, continues to register positive annual growth in the hiring of this talent, reporting 3% year-over- year growth.