Employee Retention Trends in the Philippines
A recent study by Aon highlights a significant trend in the Philippines, where two-thirds of employees are considering a change in employment in 2025. This shift is driven by rising costs and mental wellbeing issues.
Key Drivers of Employee Consideration to Leave
- Rising costs
- Mental wellbeing issues
Employee Expectations from Employers
The study emphasizes the importance of total rewards for employers to meet evolving workforce expectations. Key benefits valued by employees include:
- Medical coverage
- Paid time off
- Work-life balance programs
Prioritization of Financial Wellbeing
As the cost of living continues to rise, employees are prioritizing financial wellbeing. Many expect employers to provide support for:
- Retirement savings
- Financial education
Implications for Employers
The study suggests that employers must adapt to meet the evolving expectations of their workforce. Providing comprehensive total rewards packages that address the needs of employees is crucial to retaining talent and maintaining a competitive edge in the market.