More overseas Filipino professionals are looking to relocate back home within the next five years as they look to care for aging parents and be closer to family, according to a survey by a global recruitment specialist.
Results of a recent poll by Robert Walters showed that 62 percent of overseas Filipino professionals are keen to relocate back home within the next five years due to personal reasons, higher than the 54 percent registered in the 2021 survey.
Survey results also showed that 46 percent of the respondents who expressed a positive outlook on returning cited confidence in the Philippines’ economic stability, growth prospects, and opportunities for entrepreneurship or business projects as encouraging factors for their desire to return. Survey results also showed that salaries in the Philippines continue to be a significant concern, with 75 percent of respondents hesitant to return emphasizing the differences in compensation and benefits as a major issue, and 56 percent of them highlighting a lower standard of living in the Philippines, based on public facilities, security concerns and community resources.
“As business priorities undergo continuous transformations, it becomes imperative to address the ongoing shortage of highly skilled talent in the country. Hiring managers should explore creative strategies to secure talent that aligns with their organisation’s needs,” he added. The joint venture between Philippine National Bank and Allianz has teamed up with British banking giant HSBC for an exclusive...
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