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Philippines: Survey – Jobseekers to get higher salary in 2017
The job market in the Philippines is seen to continue flourishing in 2017 as companies ramp up their recruitment activities, according to findings of a new survey.
The latest Global Salary Survey from specialist professional recruitment firm Robert Walters revealed that there will be a wide range of career opportunities in the country in 2017, particularly to qualified professionals.
The survey also suggested that professionals transferring jobs in 2017 can expect an average salary increase of 20 to 30 percent.
The recruitment firm advised the employers to increase salaries of professionals to align with their expectations and to effectively communicate career development plans with their employees in order to retain them.
“Clearly, we are seeing strong potential in the market for mid to senior level professionals. With an increasing number of local and multinational corporations setting up their business in the country, we anticipate more career opportunities being available for qualified professionals especially for those with specialised skills,” Robert Walters Philippines country manager Eric Mary said.
“To recruit and retain the best talent, hiring managers should offer competitive salary packages and structured career progression paths,” he added.
Among the industries which are likely to be seen to grow hiring levels are strategic business development, financial planning and treasury; banking and financial services, human resource and information technology.
The recruitment firm said that employers of these industries may be candidate-driven and will focus on attracting both domestic and overseas Filipino professionals with the relevant work experience, strong communication skills and commercial acumen.
Robert Walters Philippines also saw 2016 as a positive year for recruitment in the country, given strong economic growth and rise in local and multinational corporations.
The firm cited that unemployment levels remained low within among skilled workers, but there was a continued shortage of specialist professionals across all sectors.
Filipino nationals working and studying abroad were also in high demand by both local and multinational players. Professionals last year, meanwhile, received a salary increment of about 20 to 40 percent.
These findings are expected to become a trend in 2017 and beyond.
The Robert Walters Global Salary Survey was based on an analysis of its placements made across its various network of offices and specialist disciplines during the course of 2016.
Source: http://www.philstar.com/business/2017/02/06/1669610/survey-jobseekers-get-higher-salary-2017