The Unemployed Face Intense Competition With 300 Applicants Per Job
As businesses deal with an eight-month-long lockdown and a recession, job hunters are having an even harder time finding jobs. According to JobStreet, the country's leading job hunt platform, more Filipinos are looking for jobs during the pandemic, however, fewer companies are hiring at the moment.
The job platform’s data shows that its job ads dropped by 70 percent during the pandemic. Prior to COVID-19, JobStreet had over 100,000 job ads per day, but the number dwindled to 30,000 per day in the first few months of lockdown. As job ads decrease and job seekers increase, the rate of job hunter to job ad is now six times what it was before. From a ratio of 50 job seekers per ad, JobStreet is now juggling 300 to 400 job seekers per ad.
JobStreet's country manager Philip Gioca explained that the pandemic has caused businesses to prioritize other matters ahead of hiring, such as how to keep operating during a recession. Some businesses have had to decrease salaries and retrench workers to stay afloat, while others have had to close their business altogether. Salaries on JobStreet has also dropped by 20 to 50 percent, yet this is still preferable to job hunters versus staying unemployed.
Despite the challenges, Gioca said that the JobStreet was able to encourage its partner job employers to offer more part-time jobs and to accept more fresh graduates or those without enough job experience. The number of job posts has also improved in the last few months to around 44,000 job ads per day.
“It signals to us that companies are expanding and are trying to open up. Hopefully, it gets sustained. That’s why in the recent survey that we did, we see hirers remain very positive in the next six months,” said Gioca.