Top Metro Manila firms in hiring uptrend
Anthony Vargas, Reporter
Manila Times
Most recruitment is for replacing separated workers but there are indications of fresh hirings
THE Department of Labor and Employment on Wednesday reported an uptrend in the hiring of workers that somehow indicates positive employment growth among Metro Manila’s top 500 enterprises.
The Bureau of Labor Employment and Statistics, in a report to Labor Secretary Marianito Roque, said the uptrend in worker hiring is reflected in a recently concluded Labor Turnover Survey.
The bureau, an agency that is directly under the Labor department, conducted the labor survey in Metro Manila during the past five years from January 2003 up to the end of December 2007.
As shown in the survey, employment in top enterprises in the metropolis has grown generally over the long term from 2003 to 2007, as compared to earlier years which showed stagnant jobs activity.
The bureau initially noted a sluggish employment growth in Metro Manila from 2003 to 2005 but its pace has substantially improved with the accession rates in the succeeding years.
In 2006 the accession or new hires was at 9.23 percent and increased to 10.47 percent in the following year, outpaced with a “respectable margin” in their separation rates at 7.7 percent and 7.64 percent, respectively.
New workers are being hired
In 2007 alone, the statistics imply a net addition of 28 workers per 1,000 employed or a total of 105 workers being hired, offsetting 76 workers separated because of resignation or termination.
The bureau said this makes for a substantially improved labor turnover rate of 2.83 percent, denoting the difference between the accession and separation rates during the year.
It also the positive labor turnover rate of employment in Metro Manila’s top 500 firms only means the latter have begun “to boost their workforces” in the process, creating more jobs as compared to number of workers laid off.
The bureau added that from 2003 to 2007, accession or new hires among the top firms have been driven mainly by replacement of separated workers, from 4.59 percent in 2003 to 8.53 percent in 2007.
Business expansion accounted for lesser fraction, or 1.94 percent to 2.94 percent.
The bureau said the accession refers to new hires who are either permanent or temporary additions to an enterprise.
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