'Social remittance’ to aid OFWs

EXPERTS from the Asian Development Bank recently shared one way to help repatriated overseas Filipino workers.

For workers waiting to be redeployed overseas, they  said  governments must make use of them  as part of the recovery program in the domestic economy.

According to them, this can be done by employing this productive workforce and using the new knowledge and skills that the migrants acquired abroad.

This may entail additional resources to help small and medium enterprises hire these workers, which will create much bigger multiplier effects in the economy, the experts said.

“This approach is called a utilization of ‘social remittance’, and it can also promote innovation. If governments get this right, re-deployment of these workers would no longer be needed and they could be integrated into the domestic economy,” they said/

“This would strengthen the workforce and improve overall productivity,” they added.

OFWs helped the Philippine economy stay afloat during turbulent years,

It’s our turn to help them now.

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Despite the pandemic, hiring  in the information technology and business process management (IT-BPM) industry continues.

Information Technology and Business Process Association of the Philippines (IBPAP) president Rey Untal said while demand for tourism and hospitality services decline, there is an increasing demand for healthcare, telecommunications, and logistics services.

Existing IT-BPM firms are expanding their head count in services related to healthcare, telecommunications, and logistics, he said.

Even though  job postings in employment marketplace JobStreet.com declined during enhanced community quarantine (ECQ) period, about 41 percent of the active job postings are in the IT-BPM industry.

Two BPO firms recently announced job openings where work-from-home arrangement is also offered.

Alorica, Inc. is  in need of 4,000 employees by end of this month, while Singapore-based Everise is hiring 2,000 work-from-home customer care employees.

The industry’s productivity rate is reaching nearly 90 percent as the government relaxes quarantine measures and restrictions in public transportation have been eased, Untal said.

The Inter-Agency Task Force for Emerging Infectious Diseases has identified the IT-BPM sector as part of essential industries.  IT-BPM companies continue to operate even in areas under ECQ.

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