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Salary is biggest factor for jobseekers in PH

Salary figured as the most significant factor among jobseekers as they also chose to apply in companies known for their generous salary packages than their industry peers, survey results showed.

According to the latest report by online job portal JobStreet.com, jobseekers have shifted their preferences to basic salary, perks and benefits, and training and development programs. In the 2015 report, benefits and incentives topped as the most important factor to jobseekers.

In terms of preferred employers, the report showed that the top three most desirable firms are food and beverage giant San Miguel Corporation (SMC), and nutrition and wellness multinational Nestlé Philippines, and business process outsourcing leader Accenture in the Philippines maintain their lead.Salary

Two Henry Sy-led companies, BDO Unibank and SM Investments Corp. maintained their strong presence in the top 10 since their first appearance in last year’s list. BDO Unibank moved up to 4th place from 8th last year, making the company the highest placing financial institution in the history of the Top Companies Report, while SM Investments Corp. slid a notch from 6th to 7th.

Two companies are making their debut in the 2016 list – Ayala Land, Inc. (ALI) and Google Philippines.   Completing the top 10 are Coca-Cola FEMSA Philippines (sixth), Procter & Gamble (ninth) and ABS-CBN, the country’s leading media and entertainment company (10th).   It should be noted that the companies that made it to the roster are also some of the most profitable firms in the country.

JobStreet.com Country Manager Philip A. GIOCA said that while the survey did not include salary ranking among firms surveyed and varies depending on the position, the top ten most preferred employers seemed to validate that salary, indeed, matters the most to most jobseekers.

“The top 10 companies have already been paying good basic salary so it is indicative of the sentiments of the jobseekers,” said Gioca adding there were 14,062 JobStreet.com members participated in a series of surveys that ran from May to July 2016, with respondents from different position levels (predominantly fresh graduates and junior executives) and representing a diverse mix of specializations.

Gioca also explained that millennials (18-25 years old), which account for more than 50 percent of the respondents, could have also influenced the results of the survey.

“The result of the survey is telling employers that salary is the reason they are not attracting enough good talents,” said Gioca noting that jobseekers do compare salaries of companies.

The digital channels such as JobStreet.com are the best sources of information especially for millennials as these channels carry company reviews. In fact, Gioca said, the digital channels or the social media already replaced “word of mouth” as the number one source of information.

“JobStreet.com knows that employer branding has become more critical than ever in the war for talent. That’s why we give employers a free platform to present their employer brand through our Company Profile with Ratings and Reviews. We encourage them to give candidates a compelling reason to join their company through Why Join Us, and to engage their employers through Ratings and Reviews,” Gioca stated.

JobStreet.com is a leading online job board presently covering the employment markets in Malaysia, Singapore, Hong Kong, Thailand, the Philippines, Indonesia and Vietnam. JobStreet.com currently services over 230,000 corporate hirers and over 15 million jobseekers in its database.

JobStreet.com and jobsDB are part of SEEK Asia, which is the leading online employment market place in Asia. SEEK Asia covers 7 countries namely Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

SEEK Asia is the extension of the Australian Securities Exchange listed company called SEEK. The company’s purpose is to help improve people’s lives through a better career. SEEK Asia’s database consist of over 500,000 corporate hirers and over 24 million candidates.