The “Great Resignation” continues in the Philippines, with 64% of employees considering job changes within the next year. Aon’s survey highlights the need for employers to enhance their benefits and compensation strategies to retain talent amidst increased competition in the labor market. Key employee priorities include medical coverage, work-life balance, and financial education.
The ongoing trend known as the “Great Resignation” is still impacting the Philippines, with 64 percent of workers contemplating job changes in the next year, according to Aon’s 2025 Human Capital Employee Sentiment Study. Conducted in August with 263 respondents, this report underscores a growing competitive labor market where businesses must focus on talent retention strategies to remain viable.
Josef Ayson, Aon’s Growth Lead for Talent Solutions, indicated that this competition extends beyond Manila, affecting other cities like Cebu and Davao. Proper management of employee relations is crucial for firms aiming to sustain their competitive edge in this dynamic environment.
To attract and retain talent, companies should adopt compensation strategies informed by comprehensive data analytics that address evolving workforce demands. The study indicated the top five perks valued by Filipino workers include:
1. Medical coverage
2. Paid time off
3. Work-life balance initiatives
4. Career growth opportunities
5. Retirement savings plans.
Cris Rosenthal, Aon’s strategic advisory lead, emphasized the growing necessity for employers to enhance employee benefits, especially in response to economic instability and increased living costs. There is a notable expectation for employers to facilitate retirement savings and provide financial education, with 65 percent and 58 percent of employees supporting these initiatives, respectively.
In summary, the persistent trend of job changes among Filipino employees necessitates a strategic approach to talent management. Companies are urged to prioritize employee benefits and engage in data-driven compensation strategies to effectively attract and retain skilled workers. A focus on comprehensive employee support, including healthcare and financial education, is essential in navigating the challenges presented by a competitive labor market.
Original Source: business.inquirer.net
