en
Jobs

View all the latest job opportunities in the Philippines. Write a new chapter in your career with Robert Walters today.

See all jobs
Candidates

Together, we’ll map out career-defining, life-changing pathways to achieve your career ambitions. Browse our range of services, advice, and resources.

Learn more
Services

We understand that no two organisations are the same. Find out more about how we've customised our recruitment offerings to help clients across South East Asia meet their needs.

Read more
About Robert Walters Philippines

Since our establishment in 2016, our belief remains the same: Building strong relationships with people is vital in a successful partnership.

Learn more

Work for us

Our people are the difference. Hear stories from our people to learn more about a career at Robert Walters

Learn more

Hiring in Tech and Transformation: Guide and Trends in 2024

Coming off the post-pandemic highs of 2022, the tech sector entered unpredictable and volatile terrain in 2023.

“The economic downturn led to waves of layoffs in the industry, and fearful of a recession, companies were more cautious in their approach to hiring,” recaps Nikita Cuevas, Manager at Robert Walters Philippines’ Tech & Transformation division.

Now, companies are putting more thought and consideration into their hiring decisions, with Nikita noting that hiring timelines have gotten longer and there have been more interview rounds or assessment so that employers can be more sure they are investing in the right talent.

“There was also a stronger emphasis on developing internal mobility programs and providing upskilling opportunities, which has helped companies with their employee retention,” she adds.

Read on to find out more about Nikita’s expectations of the labour market and hiring trends for Tech & Transformation professionals in the Philippines in 2024.

Hyflex work model and dual-hat roles on the rise

Having adapted to new work models that were popularised during the pandemic, companies will continue to provide remote, hybrid and flexible work arrangements. Specifically, Nikita highlights the “hyflex” work model, a combination of hybrid and flexible work that is gaining prominence in the Philippines. This work model allows employees to block off specific times in the day for meetings, and leaving the rest for individual tasks.

“This arrangement empower employees with a strong sense of autonomy and also increases productivity levels,” says Nikita. “We expect this trend to continue in the year ahead.”

Another trend that is set to prevail is the rise of dual-hat roles, where companies recruit professionals who can tap on their wide range of skillsets to fill complex job roles that may span across different organisational functions.

“Some of these roles include DevSecOps, which is a combination of DevOps and security expertise, or data product professionals who are skilled in data analysis and end-to-end product management, as well as scrum master-project managers who can run scrum ceremonies and manage technical projects,” explains Nikita.

Growth prospects and opportunities still available

Hiring activities may have slowed down in 2023, but Nikita foresees that there will still be exciting opportunities on the market as the industry remains poised for growth and innovation. Market confidence may increase if economic conditions improve further, and companies will tailor their hiring strategies to accommodate this transitional phase.

International corporations exploring efficient ways of allocating their tech workforce will continue to regard the Philippines as a go-to destination for establishing shared services or start-up set ups.

 

"The local talent pool has diverse skillsets, and on the whole, work environments here are also positive,” Nikita elaborates.

However, the waves of layoffs in the sector have impacted candidate confidence, with many professionals now preferring established multinational corporations (MNCs) that are perceived to provide more job stability over start-ups or scale-ups. In addition, there has also been a growing inclination towards “quiet hiring”, where companies provide employees with cross-lateral roles or opportunities to upskill via bootcamps and courses. As such, more employees are expected to stay put within their organisations.

Most in-demand skillsets and roles in 2024

Looking ahead, technical skillsets that will see high demand revolve around emerging technologies in artificial intelligence. These technologies include machine learning techniques such as neural networks and natural language processing. As businesses seek help with improving strategy and decision-making, they will seek out data scientists who can help them derive insights backed up data.

Professionals with technical skills in public cloud environments such as AWS, Azure and Google Cloud Platform will also be in demand as more companies move from on-prem to the cloud. Hiring teams will look for candidates, such as cloud engineers, who have past projects in cloud infrastructure and applications or projects deployed in such platforms.

Full stack developers remain the most in-demand in the applications development space.

“When it comes to soft skills, modern businesses are looking for candidates with a keen understanding of business dynamics and the ability to think outside the box. More and more, it’s no longer just about the technical competencies, but also business-minded individuals who can engage stakeholders directly and align their work to overarching business objectives,” says Nikita.

Get insights for structuring compensation and benefits

Talent attraction and retention have become more challenging for the tech industry. In today’s market, employees prioritise flexible, well-compensated roles with clear career trajectories and long-term prospects, particularly in light of recent economic challenges. Nevertheless, salaries and benefits are still a key part of the equation for candidates exploring new roles.

Companies can address these challenges by providing a clear organisational structure and offering growth and development opportunities, as candidates are more likely to stay where there are fulfilling long-term prospects.

Nikita also suggests streamlining recruitment processes to secure talent quickly in a candidate-driven market. The adoption of a "hyflex" work arrangement is also a key strategy for attracting and retaining tech talent who want work-life balance. Benefits are particularly important as annual increments may not always keep pace in inflation. 

To thrive in the competitive market, companies may also reference Robert Walters Philippines’ Market Intelligence Report for market data and insights that help their hiring teams structure attractive and reasonable compensation packages.

Uplift to salaries and benefits expected

Salaries are expected to increase by industry standards of between 20 – 30% for job movers. Companies will also look beyond monetary considerations to create a more holistic and appealing package with great benefits and career development opportunities.

Find out more

Request access to our 2024 Salary Survey to benchmark salaries and to find out more about key hiring trends across the Tech and Transformation sector in the Philippines.

Benchmark your teams' salary

Share this article

Related content

Submit a Vacancy
Hiring Advice

Connect with me today

Nikita  Cuevas

Nikita Cuevas

Tech & Transformation, Philippines

Niki has specialised in tech recruitment for nine years. She manages a team of eight focusing on both technical and commercial IT positions.

Related content

View All

Hiring in the Philippines: Guide and Trends in 2024

The Philippines’ labour and hiring landscape was influenced by growing interest from global companies looking to establish their shared service centers in the country, reflecting the country’s skilled workforce and cost effectiveness. This trend, which saw Manila and Cebu emerging as the main hubs t

Read More

Hiring in Banking and Financial Services: Guide and Trends in 2024

Even amidst rising interest rates, inflation, and political conflicts like the Russia-Ukraine War and Israeli-Palestinian conflict, market outlook remained positive for the Philippines’ Banking & Financial Services industry. Job flows in the sector remains fluid as the number of active job postings

Read More

Tackling the shortage of skilled tech talent

Companies in the Philippines are ramping up their digital transformation and seeking skilled tech talent to drive their digitalisation efforts – particularly in the areas of emerging technologies, such as artificial intelligence (AI) and robotisation, data analytics and IT governance, risk and compl

Read More

I'm Robert Walters Are you?

Come join our global team of creative thinkers, problem solvers and game changers. We offer accelerated career progression, a dynamic culture and expert training.