Connect with us

Hi, what are you looking for?

HEADLINES

Ageism a key barrier to work opportunities for Filipinos – LinkedIn Opportunity Index 2020

The research found that Filipinos’ long-term pursuit of good quality of life is ultimately defined by “good health”. However, at the moment, career and life goals are of greatest importance for them.

LinkedIn, the world’s largest professional network, has launched LinkedIn Opportunity Index 2020. The index is a composite measure that seeks to understand how people perceive opportunities and the gaps that stand in the way of achieving them. The research surveyed over 30,000 respondents in 22 markets globally, including 1,068 in the Philippines.

The research found that Filipinos’ long-term pursuit of good quality of life is ultimately defined by “good health”. However, at the moment, career and life goals are of greatest importance for them. Specifically, Filipinos are keen on pursuing opportunities that provide them with greater work-life balance, the chance to pursue their passions and quality time with loved ones. But the pursuit of these opportunities is hindered by “opportunity gaps”, or barriers to opportunity like  lack of financial resources, fear of failure and age.

Multigenerational workforce presents a new opportunity

Interestingly, age manifests as different opportunity gaps for other age groups. For example, age is a challenge for young people with insufficient work experience (25% of Gen Z), and those who struggle with the lack of confidence (22% of Millennials). The study also noted that globally, younger generations tend to be more positive about accessing and achieving opportunities, compared to older generations. However, in the Philippines, Gen Z are the most uncertain about their prospects. They have cited the environment, education, and health as the issues they are most concerned about.

Advertisement. Scroll to continue reading.

The research also points out that age becomes a bigger hurdle as one gets older. A higher proportion of Gen X and Boomers cited difficulties in overcoming it, as compared to Gen Z and Millennials.

“For the first time, four generations are working together. It’s time for businesses to set aside hiring biases against age, and embrace the multigenerational workforce as an opportunity,” said Olivier Legrand, Managing Director, LinkedIn in Asia Pacific. “The biggest skills gaps that we see today are soft skills among Gen Z and Millennials, and tech skills among the older generation. We encourage companies to hire for complementary skills and to promote collaboration and bi-directional mentorship among their workforce.” 

“This is also a journey that we are working through at LinkedIn because we believe that a multigenerational and diverse workforce is a business advantage and driver of growth,” added Legrand.

Filipinos remain hopeful amid opportunity gaps

Despite the barriers they face, about three-quarters of the Filipinos continue to be positive about achieving opportunities. From a macroeconomic outlook, about 64 per cent of them believe that the country’s economic conditions will be in their favor and get better in the next 12 months. They are also hopeful about their personal finances, with 73 per cent believing they will be in a better financial position in the next 12 months. Similar to last year’s research findings, Filipinos’ entrepreneurial desire continues with almost two in five hoping to start their own business. This stood out for the Philippines, alongside Indonesia and Mexico, compared to the rest of the other global markets.

Advertisement. Scroll to continue reading.

Overall, the Philippines is the fifth most optimistic country in the world and second most optimistic after Indonesia in Southeast Asia. 

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

The five solutions unveiled will lay a solid foundation for aviation to “go broadband, go cloud, and go AI.”

HEADLINES

Reincubate – an innovator in edge AI and audio-video processing – and HP Inc. announced that they have formed a strategic multi-year partnership to...

Biz Solutions

Powered by the new IBM Telum  II processor, IBM z17 expands the system's capabilities beyond transactional AI capabilities to enable new workloads.

HEADLINES

FortiAI has now expanded to encompass Fortinet’s entire AI-driven approach across security and network operations, protecting environments, and securing AI models and LLMs.

HEADLINES

The facility serves as a platform to recognize the critical role engineers play in building the future of digital infrastructure.

HEADLINES

This innovative, AI-powered solution simplifies and accelerates data interaction, empowering organizations to uncover insights, automate visualizations, and drive impactful business outcomes.

HEADLINES

Expect a day packed with energy and competitive spirit as local teams battle it out for a chance to qualify for the vivo 3x3...

HEADLINES

These global benchmarks confirm that Smart is following the best practices in protecting its people, its customers, and the planet.

Advertisement