Heard of The Great Resignation? The Philippines is experiencing this phenomenon as well.
The COVID-19 pandemic has really changed people’s outlook when it comes to their careers. Employees reconsider their place in their organization, home, their life’s purpose, lifestyle, personal relationships, and mental/financial/material well-being.
According to JobStreet’s 2021 Global Talent Survey, 67% of Filipino employees have chosen to prioritize their health and well-being over work. In that survey, 53% of employees also would prefer keeping a remote work set-up even if it entails additional 10 hours of extra work per week; 41% would accept a lower salary as long as they can move to a more affordable location. 46% of those who resigned were Gen Z or millennials.