Market Updates: Tech & Transformation Sector

woman planning how to manage her staff remotely

A year into the pandemic, most organisations in the Philippines have adapted to new ways of working, with flexible work arrangements becoming the norm for many. The Technology job market, especially the Application Development, Cloud & Infrastructure and Data Analytics segments, in the country similarly showed signs of a pick-up in hiring activity in the first half of the year.


Download the full market update for Projects and Product Management, Enterprise Business Solutions and Technology Sales in the Philippines.


How would you describe the recruitment market for your sector(s)?  Have there been any changes?

  • For Application Development, while we have observed more jobs being opened in the financial start-up industry, the recruitment market has definitely become more aggressive compared to last year. Moreover, majority of companies are still opting to utilise their internal Talent Acquisition teams, and would only approach external agencies for niche or longstanding roles.
  • For Infrastructure roles, companies in the Philippines have seen the need to expand this function, leading to continuous hiring of infrastructure professionals across all industries. However, organisations are turning more selective, and prefer to hire professionals who can multi-hat to add more value to their business.
  • For roles in IT security, hiring activity is still slow-going, as most companies are only hiring to backfill vacant positions; some hiring freezes are still in place to avoid laying off employees or as part of businesses’ cost-cutting measures. Some organisations have also resorted to IT-managed services companies for support in Cybersecurity, IT Operations, Technical support, Helpdesk, etc. Companies have also become more rigid in terms of hiring requirements due to budget constraints, with hiring managers often requiring solid and relevant technical skills from job applicants.


Who is hiring and what skills are they looking for?

  • Companies in insurance, financial services, technology and telecommunications are still hiring. Some small to medium start-up firms have also been open to partnering with vendors to work on roles and also leverage on branding opportunities.
  • In the financial services sector, local companies are hiring more aggressively compared to multinational companies
  • Previously, technology risk and IT audit are mostly conducted for compliance but nowadays, organisations need to find ways to mitigate risks and think about how to build their organisation’s resiliency
  • In-demand roles under Applications Development are Fullstack Developers on Node.JS, React JS and Angular, .Net Developer, C++ Developer, Mobile Developer for both iOS and Android, Solutions Architect and Automation QA Engineer
  • For Infrastructure, in-demand roles consist of Cloud Architects, Network Engineers and Architects, Voice Engineers, DevOps and DevSecOps, and Head of IT


Hiring Advice

Aside from offering excellent compensation and benefits, here are other factors to consider in attracting and retaining top talent:

  • Clear and open communication. Organisations must establish the stability of their business by communicating clearly and being transparent on how the business is doing. Expectations must be set from the start to ensure the longevity of the candidate in the role. 45% of candidates look at colleagues and a positive culture whenever considering moving to another job.
  • Flexible Work Arrangements. Employees and jobseekers alike see this as a major consideration given the uncertainties in the current climate. Companies will have to start managing a hybrid workplace, and find ways to maintain high productivity levels despite this hybrid set up. Work-life balance is now one of the top considerations for a candidate to move to another organization where 71% of them would like to have a clear understanding about the role and the demands of the job they’ll move into.
  • Opportunities for training and career development. Most candidates aim for job security and providing a clear development path for them is a key retaining factor. Professionals tend to be careful in moving to another job especially in these trying times. Promotions and certification or educational sponsorships from employers may also entice them in staying.
  • Creative talent search. Organisations must strongly consider hiring talent based on potential given that no professional skillset is completely futureproof. Hiring talent who can grow and develop into more complex roles will help the business as it continues to evolve.

Get more hiring advice here, or contact our expert consultants from tech & transformation for an in-depth consultation on your hiring needs.

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