WFH employees to make up 34% of PH workforce by 2023 — survey
By Dana Eunise Cruz
Work from home employees are expected to make up 34% of the country’s workforce by 2023, a survey from advisory company Willis Towers Watson finds.
The projected number of work-from-home employees is a drastic increase from 2017 data, which estimated workers on such arrangements at 3%.
“This practice will most likely continue as part of the new normal as companies realize that flexible work arrangements play a significant role in employee productivity and engagement,” said Patrick Marquina of Willis Towers Watson. He also noted that the COVID-19 pandemic played a role in pushing employers to shift to flexible work arrangements.
True enough, the pandemic was one of the reasons employers decided to shift to work from home arrangements.
For the poll, the company surveyed 434 companies in the Asia Pacific region, including 47 companies in the Philippines, between October and November last year.
Ninety-five percent of companies stated that employee safety was one of the main reasons they shifted to alternative work arrangements. Some also cited flextime as the most typical form last year, at 35%.
Two-thirds of respondents (66%) noted that flexible working arrangements may help in promoting employee retention, while some 55% said it will improve inclusivity and diversity in the workplace.
Despite many employers seeing the benefits of alternative work arrangements, 17% of them do not have policies to manage these types of setups. Furthermore, two-thirds of companies surveyed had just created formal policies to accommodate working from home last year.
“An integrated work strategy supported by technology and strong digital capability will enable companies to maximize the full potential of emerging work arrangements,” said Marquina. “Employers now need to take a step back and examine the future state of their organization overall and decide how they can make the most of their new agile workforce.”
As per the survey, three out of five companies believe flexible working would not have a significant impact on how they pay employees. However, some 47% believe these new requirements will prompt changes in their pay and rewards model.
Since pay is not expected to change significantly, 48% of companies are expecting to save from real estate spending over the next three years. Almost a third (32%) also believe there will be savings from expenses for transportation and travel to work.
These savings may be channeled to create new rewards programs and may also help employers in equipping workers with health and wellbeing programs.
This March, The Frontliner Today wants to hear from aspiring medical professionals and the nation’s future frontliners: How do you feel about facing the professional world in the middle of a pandemic?
We also want to hear from Filipinos who have been stuck at home for a year due to quarantine: How has this past year treated you?
Tell us in no more than 800 words and send them to email@example.com with the subject line “QUARANTINE REFLECTION”.