By BERNIE CAHILES-MAGKILAT
Filipinos are the fifth most optimistic workers globally and second after Indonesia in southeast Asia, according to the latest survey.
In the LinkedIn Opportunity Index 2020, the world’s largest professional network said the study was conducted in 22 markets globally covering over 30,000 respondents, including 1,068 in the Philippines.
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 top four most optimistic worker are India, Indonesia, China and Indonesia.
“Despite the barriers they face, about three-quarters of the Filipinos continue to be positive about achieving opportunities. From a macroeconomic outlook, about 64 percent 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 percent 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,” according to the study.
The research also found out 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, according to the study.
Globally, the study showed that 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.
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.