Big Jump in Demand for Finance Professionals in the Philippines, Monster Employment Index

Jump in Philippines while Malaysia and Singapore declines

ASEAN - EMPLOYMENT

PHILIPPINES, SINGAPORE & MALAYSIA

Tuesday, 1st December 2015

Monster.com, one of the largest online employment sites globally, has just released its data for the October 2015 edition of the Monster Employment Index (MEI) in Singapore, Malaysia and Philippines. 

According to the MEI, the Banking, Financial Services and Insurance sector (BFSI) in the Philippines is still experiencing strong growth, as domestic demands and remittances helped build the country's resilience against external economic threats. 

Some notable results from the report include:

- The Philippines registered a 25% year-over-year growth in this sector in October 2015, the steepest growth across the rest of the markets surveyed by the Index

- The Philippines was also the only of the three markets to register positive year-over-year growth in e-recruitment activity in the BFSI sector

- Singapore saw a -2% year-over-year decline in the BFSI online hiring between October 2014 and 2015, a slight dip from September's -1% year-over-year decline

- Malaysia experienced the steepest year-over-year decline at -4%. This is a marginal increase from September's -5% year-over-year decline

The MEI reviews millions of job opportunities from a large representative of career websites and online job listings, tracking the growth ofonline recruitment. The Index includes specific data points in the BFSI industry and the Finance and Account roles across the markets.