Top 4 Philippine Industries with Strong Growth and Recovery to Pre-Pandemic Levels

Philippine Industries with Strong Growth
JobStreet analyses the local job market in the latest Job Outlook Report. JobStreet photo.

Leading online job platform JobStreet revealed the top four industries in the Philippines that have recovered to pre-pandemic levels.

The latest Job Outlook Report 2022: The Rise to Recovery report took a deeper dive into the job market by analyzing the supply and demand in key industries in the Philippines based on the platform’s database that evaluated data and insights coming from job ad volume and applications.

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JobStreet identified the top industries with strong growth and recovery:

  1. Computer and IT (Software)
  2. Education
  3. Healthcare and Medical
  4. Telecommunication

According to the report, the four industries have fully recovered amid the pandemic due to digital transformation and implementation of key government initiatives.

  1. Computer and IT (Software)

Since the pandemic, digital industries particularly Computer and IT (Software) have been resilient despite the ongoing business impacts being brought by COVID-19. As these companies embraced digitalization and further shifted to digital platforms, the demand for professionals in the industry soared. Moreover, the increase in these specialized positions also equates to a higher salary.

The Job Outlook Report states that the call for Software Developer-related jobs grew by 83.3%. This growth came from utilizing digital solutions which accounted for 10% of the sales of certain businesses.

2. Education

While online classes proved to be challenging for teachers, the Education sector is likewise one of the growing industries during the pandemic. Teachers can now manage both online and face-to-face sessions, which translates to opportunities for more professionals to teach from the comforts of their homes. According to JobStreet’s data, over 97% of opportunities posted on JobStreet are within Entry Level and Junior Executive posts.

3. Healthcare and Medical

Needless to say, the Healthcare and Medical sector grew exponentially because of the pandemic and will continue to grow even after as more and more people now give greater importance to personal health and well-being.

Due to the increasing demand, job posts for nurses grew the most at 45.3%. Furthermore, the government aimed to hire an additional 10,000 healthcare workers to help heal the nation.

4. Telecommunication

As the use of technology increased more rapidly, so was the demand for telecommunication services. Junior Executive positions in this sector made up the greatest number of job posts at 52.5% while job posts specializing in Sales & Marketing increased the most at 76%. Moreover, the rollout of 5G technology nationwide will highly contribute to the ongoing growth of this sector.

“It’s been our mission to guide our jobseekers and hirers on how to thrive in the Philippine job market. We hope that through this report, they will be able to evaluate and recalibrate their career and hiring plans as needed to grow in their profession of choice or to retain and attract talents in the long run,” shared JobStreet Philippines Country Manager Philip Gioca.

The Job Outlook Report also shares industries with gradual recovery with their steady growth attributed to the COVID-19 restrictions and remedial policies:

  • Banking and Financial Services
  • Manufacturing and Production
  • Transportation and Logistics
  • Construction and Engineering

Meanwhile, industries with modest recovery are those with core operations that have been disrupted due to tightening regulations but were eventually able to slowly recover following the eased restrictions:

  • Retail and Merchandise
  • Call Center, IT-Enabled Services and BPO
  • Food and Beverage, Catering and Restaurant
  • Property and Real Estate

JobStreet offered jobs to Filipinos attending the Philippine Independence Day job fairs. The employment platform also releases the list of Top Philippine Employers.

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The Good News Pilipinas Team is a group of Filipino journalists who advocate putting more good news stories about the Philippines and Filipinos on the media.