The economic effects of the COVID-19 crisis has greatly affected the recruitment market in the Philippines, albeit several industries were impacted to a lesser extent. Overall hiring demand dipped in terms of volume and business priority, but different companies have approached this fall in hiring in different ways.
Now that the Philippines has eased into the General Community Quarantine (GCQ) and more restrictions have been lifted, we are starting to notice some general trends across industries in terms of how companies are (re)approaching the recruitment market.
Companies are now starting to re-open vacancies that were previously put on-hold; looking to slowly get back into hiring for required positions in Q3 or Q4 of 2020. We expect leadership and management roles to be more of a priority compared to mid to managerial roles, mainly because these leadership roles have the most impact on the direction of businesses and their recovery.
An alternate digital and technological work approach through remote working has now become more of a necessity than a possibility for many companies, with businesses witnessing how remote working arrangements can continue to keep companies functional and flexible throughout different situations.
From the perspective of candidates, personal health and safety as a non-negotiable expectation has also now become a priority for many candidates. Companies should be able to provide and ensure a safe working environment for their employees, and offer suitable rewards that will promote employee well-being.
Candidates should still expect a tough overall job market in the current business climate. Rising unemployment figures also point to more competition for a limited number of available roles, so we highly recommend candidates to research and prepare well for their desired roles. Consider contacting your trusted recruitment consultant as well for professional guidance through the job search and hiring process in the current environment.
Essential services (i.e. utilities, FMCG - food, consumer goods) and financial services (i.e. banking, insurance) are more active in hiring compared to other industries, due to the important impact these sectors have on the wider economy and society.
The BPO and Shared Services sectors, together with online and digital companies, continue to be opened to hiring talent. We also see higher demand for positions in Organisational Development, Change Management/Transformation, Talent Development, and Total Rewards.
Hiring demand for talent with safety, administrative, office and facilities management backgrounds is also picking up, in light of new governmental regulations regarding the COVID-19 pandemic.
What can candidates expect?
How should organisations adjust their hiring practices?
To read more about the developing roles in Human Resources, download the full pdf version here.
For more expert advice and opinions on how you can attract the right talent and manage the hiring process in these unprecedented times, visit our Hiring Advice hub. Check out our Career Advice page as well for in-depth insights to getting yourself ready for your desired role. Contact us if you prefer a one-on-one confidential session on your hiring or career needs.
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