42% of Cebuanos quitting jobs, survey says

·4 min read

CEBU faces the "Great Resignation" with 42 percent of its workers planning on quitting their job in 90 days or less.

The statistic was discovered in a recent Mynimo.com survey among 4,500 Cebu-based workers, where 1,890 of them, swept across 58 sectors, reported they are leaving their jobs soon.

"The jobs with the highest resignation rates are jobs that have proven to be very demanding to carry out, especially during the lockdowns," chief executive officer and president of Mynimo.com Wesley Chiongbian said.

Call center agents in the business process management industry ranked first in the jobs that have the highest resignation rate, followed by accounting and finance professionals in second place, and admin, office, and clerical staff in third place.

Sales, marketing, and retail ranked fourth, while production and manufacturing placed fifth.

Reasons for leaving

The alarming resignation rate in Cebu is being attributed to "lack of company benefits" as the top reason, followed by "limited growth in the company," "being underpaid," "feeling undervalued," and "no work-life balance," respectively.

Based on Mynimo's survey results, these professionals are seeking better benefits and work-life balance to address the stress they face in their current roles.

Most of these roles also do not offer work-from-home arrangements, and the additional challenge of commuting to work daily is contributing to the employees' desire to seek other employment opportunities, he said.

Because of this, Chiongbian said the "great resignation" is changing the way employers engage their workers.

“Aside from providing competitive salaries and benefits, companies should be more sensitive to the needs of each employee to be able to retain them. It’s becoming more evident that the ‘one size fits all’ approach of the past is no longer the best practice for retention,” he said.

Chiongbian pointed out employers will need to address each employee's individual concerns, to keep them committed to the company and engaged in their work.

“This is the best way to retain and attract talent moving forward,” Chiongbian said.

Work from home

When the Covid-19 pandemic forced companies to shift to a work from home (WFH) set-up, it became a game-changer among industries of not only sustaining operations but also retaining their employees.

“The option to work from home or, more appropriately, work remotely will be here to stay. This is as long as the people who do so prove to be just as, if not more, productive than if they worked at the office,” he said.

Chiongbian added that companies need to keep in mind that they will have to implement new business practices and policies to make their remote working arrangements sustainable.

He said the WFH set-up proved to have more pros than cons as shown in the statistics of Mynimo’s salary report, which the company is targeting to release for subscription by May 20.

“When working from home, time is no longer wasted traveling everyday from our homes to our offices and vice versa. This significantly reduces daily stress, which can have great long term benefits. This has also made business meetings more efficient as companies, and even government offices, have gotten used to video conferencing. Instead of having to travel out of town just for a one-hour meeting, we can just get on Zoom,” he said.

But Chiongbian said that both the employer and the employee have to realize that not all “homes” are conducive to work in.

“If there are multiple people working from the same home, plus a child doing remote learning at the same time, this can affect productivity significantly. The stability and capacity of the home’s internet connection will also be a primary factor. And most importantly, mental health will need to be carefully addressed for this type of work arrangement,” he said.

Return to office

Aside from the top five reasons that were mentioned on why Cebuanos are quitting, Chiongbian also noted the Return to Office (RTO) order is an emerging trend despite it ranking seventh in their survey. He added that it does not seem to be a major concern.

“It is an emerging trend that was not present prior to the pandemic and lockdowns. Work-life balance ranks higher in terms of importance, which could be related to RTO. However, this means that it is still more important to provide competitive salaries and benefits to retain employees,” he said.

Mynimo is set to release its complete report this May 2022. The following information only presents a snapshot of what Cebuanos can expect once it releases an in-depth analysis of how things are looking for employers and employees across Cebu's job landscape.

The full report is available for pre-order at www.mynimo.com/salaryreport. (PR)

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