Philippines IT commission warns of worker shortage

06.04.2006

Mapa said the government has already laid out plans to solve the impending shortage, and with the right results, the cyberservices industry's total employment capacity is expected to grow from 163,000 workers employed last year to 1.083 million by 2010.

Consequently, the CICT commissioner said the goal is to go from US$2.1 billion in revenues to $12.8 billion within the same four-year period.

Although figures show that the number of tertiary graduates related to cyberservices will grow from 302,914 in 2006 to 350,527 in 2010, it will still be insufficient to meet the projected influx of new jobs (62,750 in 2006 to 288,000 in 2010) due to factors like low interest levels and acceptance (or absorption) rates among professionals and applicants.