The Philippine economy has been booming and outpacing regional economies. Its growth is attributed to factors such as infrastructure investment, stronger manufacturing and construction industries, and the Aquino administration’s progressive anti-corruption policies.
If the economy is to continue its expansion, Philippine companies must have more capable, engaged, empowered and committed work forces. Research company Gallup’s 2012 survey says Filipino employees are among the most engaged at work (29 percent) in the world, in contrast to the Southeast Asian region’s and the world’s average engagement of 12 percent and 13 percent, respectively.
To take advantage of the economic growth momentum and high work force engagement, Philippine private and public organizations must institute changes including the following: managers and leaders must be equipped to encourage employees’ empowerment and continued engagement, including in important sectors such as the business process outsourcing (BPO) and service industries; the work force’s skill level must be improved to create more and new jobs.
Read more at: http://businessjournal.gallup.com