The Philippine job market is undergoing a seismic shift as businesses face intensified competition for skilled professionals. With nearly two-thirds of Filipino employees contemplating career moves this year, companies must refine their retention strategies to stay ahead.
A 2025 Human Capital Employee Sentiment Study by global risk management and insurance brokerage firm Aon found that 64% of Filipino professionals are either actively transitioning to new roles or planning to do so within the next 12 months. Conducted in August 2024, the survey gathered insights from 263 employees nationwide, underscoring the evolving expectations of today’s workforce.
Aon’s Growth Lead for Talent Solutions, Josef Ayson, emphasized the growing demand for top-tier talent across the country, not just in Manila but also in key cities like Cebu and Davao. “To remain competitive, organizations must proactively enhance their talent management and retention initiatives,” Ayson stated.
The study highlights the increasing importance of comprehensive compensation strategies that leverage real-time market data and analytics. Employers that tailor their reward programs based on evolving workforce demands can make more informed decisions in attracting and retaining talent.
According to the report, the top five most valued benefits among Filipino employees include medical coverage, paid time off, work-life balance initiatives, career development opportunities, and retirement savings plans.
Cris Rosenthal, Strategic Advisory Lead for Health Solutions at Aon, pointed out the rising expectation for employers to provide robust medical coverage and holistic support for mental and financial well-being, especially amid economic uncertainties and rising living costs. “Organizations must rethink their benefits approach, balancing competitive salaries with flexible perks to secure and retain top talent,” Rosenthal advised.
Additionally, 65% of employees surveyed believe that employers should play a role in helping them save for retirement and long-term financial security. Furthermore, 58% of respondents emphasized the need for financial education programs in the workplace.
The workforce landscape continues to evolve, and with talent mobility at an all-time high, businesses must stay agile in adapting their people strategies. The ability to offer compelling compensation packages and meaningful career growth opportunities will set employers apart in the race to secure and retain the best professionals in the industry.
Source: https://business.inquirer.net/506443/great-resignation-isnt-over-in-ph
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