Increased salary indicates recovery — JobStreet
The increased salary across 22 industries in the Philippines last year shows that the economy is on its way to recovery, according to the online job portal JobStreet.
In their recent report, 50% of job posts in the platform offered an average salary growth of 22.9%, indicating that the country is “inching its way to recovery.”
The report compared salary data from the first and third quarters of 2021 versus 2020 of the same period.
JobStreet Philippines Country Manager Philip Gioca said that they are aiming to “provide candidates with information and insights to manage their salary expectations and to help improve their career planning, while also assisting employers in making strategic hiring offers and decisions.”
Based on the data, the education sector topped the list with 67%, followed by public service (64%), social services (52%), electrical/electronics (50%), and IT (48%).
JobStreet observed that most public sectors need quality employees, leading them to increase their job offers to attract more applicants.
However, lockdowns and mobility restrictions had adverse effects on several sectors’ salaries including oil and gas, hospitality, consumer goods, and retail industries.
