The ongoing digital transformation and acceleration across industries would require a talent pool of IT professionals. The latest study by the online job portal JobStreet shows that IT roles are the most coveted talent across Indonesia, Hong Kong, Malaysia, the Philippines, and Singapore.

According to SEEK (JobStreet’s parent company) study, IT professionals are frequently approached with job opportunities on a weekly and monthly basis. In the past year, tech giants Apple, Google, and Microsoft, among others, announced massive layoffs of their talent pool, some of them were hired during the height of the pandemic when digitalization peaked.

“More companies have started opening a lot of opportunities and more Filipino jobseekers have built their confidence in seeking jobs and negotiating positions that really fit their needs,” said Philip Gioca, country manager, JobStreet Philippines.

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The study was conducted in collaboration with the Boston Consulting Group (BCG), and The Network, a global alliance of recruitment websites, which surveyed 97,324 respondents in the Philippines, Indonesia, Hong Kong, Malaysia, Singapore, and Thailand. 

The latest study’s findings are consistent with the data from JobStreet and JobsDB platforms which show a 29% year-on-year (2021 vs 2022) increase in job ads for tech roles in Southeast Asia. 

Optimistic

Filipinos remain optimistic about the job market despite fears of recession. The study found 87% of Filipinos receive multiple job offers per year, and 29% of those are approached every month. 

The study also found that Filipinos are more optimistic about judging their position in the labor market whereas 78% feel positive and confident about negotiating positions, particularly in the areas of business, finance, and sales. This figure is slightly higher than the global average of 68%. 

About 40% of the respondents in the country said they are not actively looking for a new job but are open to good offers including higher salary and upward career progress. Meanwhile, 33% of Filipino jobseekers are actively searching and are motivated by finding a role with higher seniority or trying out a new profession.