Online hiring for BPO at -1% in January- Monster

The latest Monster Employment Index (MEI) released by online jobs site Monster.com showed that online hiring for business process outsourcing (BPO) was at -1% in January. Online hiring for information technology also logged growth of -3% while telecoms and Internet services were at -19%. Overall, the MEI showed a decline of 33% year on year in January for Philippine online hiring, according to Monster.com. The country’s Banking, Financial Services and Insurance (BFSI) industry posted the biggest gain in online hiring at 13% year-on-year, from a 6% rise in December. Sanjay Modi, managing director of Monster.com, however, said in a statement that employment, particularly in the BPO, healthcare, engineering, accounting, clerks, and IT roles is expected to rise as the government also increases spending across multiple sectors.