Filipino workers are more willing to work and loyal to jobs offering flexible work and options that would save companies the cost of staff turnovers and hirings, according to the recent survey released by workplace solutions provider Regus.
Based on the study, Regus said that 78 percent of the worker-respondents said that they would choose one job over another similar one if it offered “flexible work options.”
“75 percent also confirmed that flexible working helps improve staff retention,” Regus said in a statement.
The study confirmed that 76 percent of the respondents believed that flexible working in the Philippines is a “perk that attracts top talent.”
“With January typically the month where firms see the highest staff turnover rate, this latest release says that flexible working can attract and retain staff in the Philippines,” the firm said.
According to Regus, recruitment is expensive which can cost a company P34,509 up to P37,000 range for managers and professionals.
“74 percent of respondents say offering flexible working makes employees more loyal; 60 percent of workers would actually turn down a job that ruled out flexible working; and 66 percent say they would have stayed longer in their last position had flexible working been an option,” Regus said.
John Henderson, regional director at Regus, said that flexible working options in jobs would be beneficial, not only for potential employees but also for employers as it will save them costs of fixed office work that requires “mouth-watering salaries.”
“Hiring and retaining top talent is an age-old priority for successful businesses, but not all companies can afford to offer golden bonuses or mouth-watering salaries while remaining competitive,” Henderson said.
“Flexible working, which is lower cost than fixed office working, offers the attractive perks of lower stress and better work: Life balance to existing and prospective employees, and provides a low cost solution to attracting and retaining those top workers. It’s also striking how mainstream the perk of flexible working has become, with many respondents actually choosing their jobs on the basis of flexibility,” he added.
The volume of labor force in the country, or potential workers wanting to enter the labor force, is increasing at present with unemployment and underemployment improving as well to 6.5 percent and 17.9 percent in October 2013 compared to the 6.8 percent and 19 percent recorded a year ago, according to the latest Labor Force Survey in October.
Among the three sectors, services sector such as the business processing outsource, tourism and other social services sectors had the highest share of employment with 53.4 percent of the total 63.1 million employed persons in 2013. Agriculture sector followed, taking up 31.4 percent of the total employed persons, while industry sector make up 15.2 percent of the total employed within the year. KRISTYN NIKA M. LAZO