These results reflect a marked shift compared to 2015’s top determinants which are experience-based qualifications—on-the-job training, extra-curricular activities, and part-time work experience, which now see themselves in the bottom ranks.
Furthermore, when respondents were asked to rate particular qualities they observed on their fresh graduate hires, factors such as task management efficiency, leadership potential, customer empathy, and analysis of situations averaged the lowest. These ratings further reflect the preference of employers in hiring candidates who have already developed interpersonal and 21st century proficiencies despite being new to the workforce.
Top School Preferences Maintained
But despite these marked changes, employers maintain their opinions on a topic most find traditional: the schools where the hired applicants graduated from. This year, when asked if they have reasons for sourcing employees from particular institutions, employers pointed out that they believe in the schools’ reputation of producing quality graduates and eventual employees.
The top three most preferred schools by most employers surveyed are Polytechnic University of the Philippines, University of the Philippines, and Ateneo de Manila University. The inclusion of two schools outside of Metro Manila — University of San Carlos (#8) and University of Cebu (#9) also marks the first time tertiary institutions not located in the National Capital Region make their appearance in the top ten list since 2014 .
Increased salaries, opportunities
The report also indicates that fresh college graduates can expect an abundant job market this year. In the last quarter of 2017 alone, employers were bullish with 52,149 jobs available to fresh graduates—a 10% increase from 2016’s 47,339.
The national average salary for fresh graduates remains to be attractive at nearly Php20,000. The average of Php19,785 in the last quarter of 2017 shows a slight increase from 2016’s Php19,437.
According to JobStreet.com, law graduates remain to be the best-paid among the lot, with an average monthly salary of Php27,355. This is followed by fresh graduates who take on roles in public relations/communications, with an average monthly salary of Php24,675, and those who specialize in creating content (i.e. content writer, foreign language content translator, and junior technical writer), with an average monthly salary of Php22,446. Thus, the highest paid are more aligned towards content and communication-related jobs.
“This shows that more and more employers are opening their doors to fresh graduates, presenting a significant shift in what employers need in these increasingly digital world,” concludes Philip Gioca, JobStreet.com Philippines Country Manager.
A new crop of fresh graduates: K-12
It has been five years since the K-12 program was implemented, and the first batch of graduates from this systm are set to join the workforce this year. The survey revealed that 25% of employers are willing to hire, while 40% are indefinite about hiring K-12 graduates. The 40% indefinite employers said they are still evaluating or will eventually hire pending definite timelines.
With this non-committal attitude of employers, Mr. Gioca advises the newest entrants of the job market to be more discerning and strategic on their career planning. “There are indeed employers that are receptive to hiring them, but they have to contend with two factors: One, that not all employers are accepting of K-12 graduates as of the moment and two, they will have to compete with fresh college graduates, which employers may favor more, for the same jobs they are eyeing,” he pointed out.
In terms of salary, K-12 graduates may find themselves sufficiently paid, as 50% of respondents said that they are willing to pay their K-12 fresh graduate hires more than the minimum wage.