WFH to create more new jobs in the Philippines
By 2028, work-from-home (WFH) and hybrid work arrangements will create 1.1 million new jobs and generate billions more in revenue in the Philippines.
The Information Technology and Business Process Association of the Philippines (IBPAP) said this after the government’s recent decision to allow 100% WFH.
Jack Madrid, President of the IBPAP, said the paper transfer of the registration of information technology and business process management (IT-BPM) enterprises from the Philippine Economic Zone Authority to the Board of Investments will not involve physically relocating their operations or giving up the incentives that they are currently enjoying.
“WFH/hybrid work is a game-changer for the Philippines and the sustainability of the IT-BPM industry,” Madrid said.
IBPAP has been advocating for WFH and hybrid work since 2020. While it started out as an expedient measure in response to nationwide lockdowns, it very quickly ushered in a new era of work for the sector, reinforcing the industry’s agility and resilience.
READ: New guidelines established in the Philippines to address WFH concerns
The Department of Labour and Employment (DOLE) recently pressed private establishments to continue adopting WFH schemes provided they are mutually agreed upon by employers and employees. WFH, DOLE said, will “help sustain the country’s economic recovery.”
The Philippines is experiencing “The Great Reshuffle”, where employees leave their jobs in search of more fulfilling roles that provide flexibility. This comes as the number of Filipinos working from home, on gig, has reached 1.5 million, juggling two to three jobs at one time, Malaya Business Insight reported.