The business process outsourcing sector in the Philippines posted weaker growth in December, compared to general job growth in the country, said Monster.com, in a statement released on 29 January. Monster reported that online hiring growth in the Philippines experienced a robust growth rate of 17% year-on-year between December 2017 and 2018, although this was a lower than November’s figure of 23%. In comparison, the data showed that the BPO/ITES sector saw a growth rate of only 10% in vacancies during the month. Below average growth was also noted in other sectors like production/manufacturing, automotive and ancillary, which rose 11%; and engineering, construction and real estate at 7%. The only sector that posted a decline during the month at minus 8% was education. Monster’s chief executive for Asia-Pacific and Middle East, Abhijeet Mukherjee, stressed that online hiring is still forecast to rise this year, amid expectations of improved economic growth in the Philippines.
Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)
The #1 outsourcing authority
Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.
The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.
About Derek Gallimore
Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.
Outsource Accelerator In The MediaSee all media mentions
- Outsourcing industry “absolutely booming”
- Outsourcing industry recovery could be starting, survey indicates
- Doom or boom faces the IT-BPM industry (part 2)
- Bright future for outsourcing
- The Chinese Antidote to a Covid-battered Philippines
- The Philippine IT BPM Industry: Your Tool for Business Recovery and Continuity
- BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic