{"id":36027,"date":"2019-07-31T10:21:51","date_gmt":"2019-07-31T02:21:51","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=36027"},"modified":"2019-07-31T10:21:59","modified_gmt":"2019-07-31T02:21:59","slug":"strong-hiring-in-phl-as-employers-immensely-optimistic-of-headcount-expansion","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2019\/07\/31\/strong-hiring-in-phl-as-employers-immensely-optimistic-of-headcount-expansion\/","title":{"rendered":"Strong hiring in Phl as employers immensely \u2018optimistic\u2019 of headcount expansion"},"content":{"rendered":"\n

Hiring is set to surge as a majority of Filipino employers are overwhelming positive about growth outlook, with 79% of employers saying they are largely \u201coptimistic\u201d of growth, while 67% have a \u201cpositive\u201d intention to expand local headcount. <\/strong><\/p>\n\n\n\n

However, the struggle to locate and attract key talent is a big concern\nfor Filipino employers, with 51% stating it is the biggest hiring challenge\nthey face – much more so than a low hiring budget (23%) and company culture\nmismatch (14%). <\/p>\n\n\n\n

These findings are part of RGF International Recruitment\u2019s Talent\nin Asia <\/em><\/strong>report, a comprehensive analysis of more than 3,500 responses\nabout hiring trends across 11 Asian countries and markets, and various\nindustries. The aim of this inaugural report is to better understand the needs,\ndemands and expectations of both candidates and employers in Asia. <\/p>\n\n\n\n

For Fillipino talent, the most popular industry is the\nIndustrial sector – which is perhaps no surprise, as more multinational\ncompanies shift their processing and assembly in the manufacturing of goods and\nelectronics into the country, creating a demand for talent. <\/p>\n\n\n\n

Above all else, compensation is the most important\nfactor for Filipino talent when considering employment, with 91%of talent expecting a salary increase\nto switch jobs, and an average pay rise of 26%. When ranking factors to\nevaluate a new potential employer by, 75% say fair and marketing competitive\ncompensation is the most important – followed by career advancement\nopportunities (11%) and good health benefits (14%). <\/p>\n\n\n\n

The good news is, employers appear to be aware of\ntalent expectations, with over one third (36%) saying their largest priority in\nthe coming year is to review their salary, compensation and benefits to match\nthe local market. Coming in second place is a renewed focus on employer brand\n(19%) and introducing flexible arrangements for work-life balance (17%)<\/p>\n\n\n\n

From a hiring perspective, local employers are looking\nfor local talent with strong industry expertise mostly (49%), but are equally\nconcerned with soft skills such as having a strong sense of accountability\n(28%) and the agility for change (8%).<\/p>\n\n\n\n

These priorities – coupled with the Philippines\u2019\nstrong economic growth – means employers are wholly positive about the year\nahead, with 67% feeling optimistic enough to expand their hiring plans.<\/p>\n\n\n\n

\u201cAlthough compensation and benefits appears to be the number one driver for local FIlipino talent, employers must keep in mind retention strategies that look beyond monetary value to ensure skilled talent have the desire and the support to grow with the business. There is a growing market of young Filipinos – who comprise more than 30% of the total population – and are seeking more work-life balance and integration. While attractive compensation might get their attention, what will keep them on board is a dynamic and winning culture where their ideas and initiatives are valued and where successes are celebrated, genuine feedback and growth opportunities from their leaders, and a strong sense or corporate social responsibility,\u201d said Rubi Benitez Managing Director RGF Executive Search Philippines. <\/p>\n\n\n\n

That being said, talent must evolve and be prepared to embrace the next technological wave in the world of work by sharpening their skillset and widening their knowledge base. With AI and advanced technologies creating jobs that place creativity and curiosity at the front, talent must look out for new ways of lifelong learning that keeps them at the forefront of change.\u201d<\/p>\n\n\n\n

Other key\nfindings from the Talent in Asia report include: <\/strong><\/p>\n\n\n\n