More employers optimistic with PH job market this year

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Optimism for the Philippines’ job market has increased, with employer sentiment for the first six months of the year expected to improve as the majority point to performance recovering to prepandemic levels this year. | AldenMonzonINQ

Despite this, the report cited that 49 percent of these companies answered that hiring plans were back to prepandemic levels, with another 30 percent saying it would normalize by June of this year.Competition for talent

“Additionally, for the Philippines, we foresee that human resource digitalization which allows HR process transformation, will make companies stay competitive. Companies should consider what the employees need and want, and be able to adapt to shifting expectations,” he said further, adding this will be critical to attracting talent given the competitive labor market.

This includes 79 percent which hired at least one permanent full-time staffer, as well as 20 percent which hired at least one contractual or temporary staffer.

 

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AldenMonzonINQ If you're laid off because of the pandemic and are rehired now, is that a new job? Fuzzy math.

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