In a study conducted by XMG Global ICT Research and Advisory during the third quarter of 2008, results show that majority of those employed in the information technology (IT) and business process outsourcing (BPO) industry would like to have a wage increase and some are considering heading overseas for greener pasture. This is due to the rising cost of commodities and economic problems experienced by the country.
Although IT and BPO employees receive higher salary than other workers, which rounds to about Php12,000.00 to Php15,000.00 owing to their night differential, allowances and bonuses, still, others think about asking for a raise in their salaries.
For others, especially IT professionals who are equipped with the right knowledge and skills, foreign countries like Singapore, Taiwan, Australia, and others, are willing to offer them higher pays, better benefits and privileges. These offers now attract them to leave their current job and head offshore.
In a statement released by XMG through local newspapers, these companies should find ways to retain their workers so as not to suffer a drought of competent employees. To reassess their employees’ performance and consider increasing wages is perhaps a good option for the company. Also, they should make sure that their employees understand and take proactive participation in the growth and development of the company.
IT-related work started here in the Philippines in the late 1990 but gained popularity in 2000. Based on Philippine Information Agency data, the industry grew by 90 percent in 2005 with revenues reaching up to US$2.1 billion. And in 2007, employment stats reached up to 300,000 and companies located all over the country continue to hire employees for new accounts.
Trabaho.com thanks the following sources:
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