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Top 6 Resilient Jobs And Industries During COVID-19

Top 6 Resilient Jobs And Industries During COVID-19

Despite the global and local effects COVID-19 has wrought, there is still a glimmer of hope that shines through. In the third edition of the Decoding Global Talent report, created by JobStreet, the Boston Consulting Group (BCG) and The Network, we discuss in great detail the industries that remain resilient all throughout despite the current times.

Employment Market Summary

It is no surprise that the pandemic has negatively affected the Philippines. As of this writing, 69% of the blue collar sector have been laid off.

In terms of age group, those belonging in the youngest bracket ( IMPACT OF COVID-19 ON PHILIPPINE JOB MARKET

CategoryPercentage

No change or shifted to a different role

47%

Laid off or decreased working hours

36%

Increased work hours

17%

Tip for employers: Despite the fact that there have been layoffs here and there, the percentage for Filipino employees taking on different roles is still fairly high. To decrease retrenchment, you can opt to encourage your employees to upskill.

Not only will it be a great learning experience for them, but it will also benefit your company due to their boosted skills.

Most Affected Industries In The Philippines

The tourism and hospitality industry ranks first as the most affected. 68% of employees under this category have either been laid-off or decreased working time, followed by retail at 50%.

MOST AFFECTED INDUSTRIES AND JOB ROLES IN THE PHILIPPINES

IndustryPercentage

Travel & Tourism

68%

Retail

50%

Industrial Goods

43%

Job RolePercentage

Manual Work and Manufacturing

60%

Sales

49%

Service Sectors

48%

According to the data, it is evident that the most lay-offs occur with people-facing jobs and industries. For digitalization and automation, such lay-offs occur because of less need to employ people. 


Moreover, the closure of most businesses under this industry results in a domino effect, especially in the industries that follow. 

Most Resilient Industries

While the data can naturally bog you down with regards to employment, it helps to understand the industries that had the opposite effect. These industries comprise a flexibility for remote work, digitalization, and automation options. As a result, they experienced the least impact.

LEAST AFFECTED INDUSTRIES AND JOB ROLES IN THE PHILIPPINES

IndustryPercentage

Insurance

23%

Financial Institutions

24%

Technology

24%

Job RolePercentage

Digitalization and Automation

19%

IT and Technology

23%

Science and Research 

25%

h-en-ph-a-most-resilient-jobs-for-filipino-employees-infographic

Support your employees

While certain actions may be inevitable, here are three ways you can show your support as an employer in these trying times.

Upskill Earlier data in this report shows that 47% of employees take on a different role. Providing these opportunities to them could help in not only taking on more responsibility, but also help them grow in their own career path. 

As your Talent partner, we encourage you to invite your employees to upskill with Luna Academy and FutureLearn. These programs both have short courses for them to upskill and boost for added learnings. 

Provide a safe and healthy space Be it a plan to improve their mental health or providing more work-life balance opportunities, give them a safe space to grow and thrive. 

Be transparent Delivering news during these times can be a challenge, especially if it’s something they do not want to hear. But being honest goes a long way and they need to hear it at some point anyway.

The job market is an unpredictable flow of events, and each day brings about different events altogether. But as long as you keep your employees constantly in check, the road towards recovery won’t be as bumpy. 

Read more about the current state of the job market in the third edition of the Decoding Global Talent Survey report. It’s time to provide opportunities for #JobsThatMatter and finding the right candidates with Talent Search. Encourage your employees to learn and be more by signing up on FutureLearn

Access one of the largest databases in Southeast Asia and use machine learning to find the right person for the right job. For expert insights on employee trends, talent acquisition, and talent management, visit Laws of Attraction.

At JobStreet, we believe in bringing you #JobsThatMatter. As a Career Partner, we are committed to helping all jobseekers find passion and purpose in every career choice. And as the number 1 Talent Partner in Asia, we connect employers with the right candidates who truly make a positive and lasting impact on the organization. 

Discover Jobs That Matter. Visit JobStreet today.

About SEEK Asia SEEK Asia, a combination of two leading brands JobStreet and JobsDB, is the leading job portal and Asia's preferred destination for candidates and hirers. SEEK Asia’s presence span across 7 countries namely Hong Kong, Indonesia, Malaysia, Singapore, Thailand, Philippines and Vietnam. SEEK Asia is part of the Australian Securities Exchange-listed SEEK Limited Company, the world's largest job portal by market capitalization. SEEK Asia attracts over 400 million visits a year.

About SEEK Limited SEEK is a diverse group of companies, comprising a strong portfolio of online employment, educational, commercial and volunteer businesses. SEEK has a global presence (including Australia, New Zealand, China, Hong Kong, South-East Asia, Brazil and Mexico), with exposure to over 2.9 billion people and approximately 27 per cent of global GDP. SEEK makes a positive contribution to people’s lives on a global scale. SEEK is listed on the Australian Securities Exchange, where it is a top 100 company and has been listed in the Top 20 Most Innovative Companies by Forbes.

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