A significant shift in the Filipino employment landscape has emerged, as a recent nationwide study conducted by specialist recruiters Michael Page Philippines showed that 41 percent—a little over two in five Filipinos—are actively seeking a new job at present.
In addition, another 15 percent are planning to start a job hunt in the next six months, revealing a trend that showcases increased fluidity in the employment market and the growing willingness of individuals to explore new career opportunities.
The study, entitled “The Invisible Revolution,” gathered insights from 1,306 workers across the country, highlighting a transformative change in the workforce’s relationship with their jobs since the pandemic began.
The report showed that three in five employees have changed roles during this period, leading to a more “transactional” approach to work.
“The pace of change is accelerating,” according to the Michael Page Philippines Talent Trends 2023 report.
Nine in 10 Filipinos who started a new job last year remain open to new opportunities, signifying a flexible mindset towards career progression that has become the new norm. Job transitions are now perceived as a regular part of the employment journey.
“Ninety-three percent of all employees in the Philippines are open to considering new opportunities. Even generally happy employees will explore new career prospects. Filipino employees are now seeking a more comprehensive package—attractive salaries, flexibility, career growth, frequent recognition, and a work culture that aligns with their values in a range of areas, including sustainability, and diversity, equity, and inclusion,” said Olly Riches, senior managing director of Michael Page for Indonesia, Singapore and the Philippines.
The study also found a correlation between the economy and job-seeking behavior. When the economic environment deteriorates, 64 percent of the population are more likely to seek new job opportunities. However, this openness does not necessarily guarantee an influx of job applications. After experiencing a high volume of career migration during and after the pandemic, individuals now prioritize finding employment opportunities that best align with their personal ambitions and their vision of an ideal work-life balance.
“The trends in the Philippines mirror the sentiment of the global talent market—every region has seen a transformative change across all age groups, markets, and industries,” said Nicholas Kirk, CEO at PageGroup. “These are not fleeting trends or reactionary responses to a period of turbulence. Rather, they are reshaping the workplace in a way that will subtly yet fundamentally change the way businesses attract and retain their talent.”
The officials explained that the recent findings demand a reevaluation of talent strategies by Philippine corporations, and that . Adapting to the evolving job market and aligning with the aspirations of today’s career seekers is crucial for securing top talent and gaining a competitive edge.