Market Contradictions of Job Opportunity in the Philippines

Don't believe everything you hear on the news. Always take everything with a grain of salt. Now the world would have you believe that there is a crisis. You look around and see that this is true. Sad but true.

Nevertheless news pop out that this crisis is actually beneficial for the Philippines because a lot of back-offices and other BPO related industries that are folding in the United States actually find it cheaper to set up here in the Philippines, almost 90% less is what I recall. Telecoms are moving their operations from abroad to the Philippines, thereby creating jobs for Filipinos. Well and good.



But we also have to consider the flip-side here, which says that almost 800,000 people are also expected to lose their jobs as lay-offs such as that as big as Intel just last month and other companies start firming up their operations and taking out people due to "redundancy."

In the end all that growth and all the contraction will lead us back to square one where we may see no growth in the employment market at all. The best way to go about this now is to stay where you are. As much as possible, try to keep your current job. If the company lets you go, it will actually be good for you because you will get the appropriate severance pay. Or at least you should - depending on your contract.

Now is not the time to jump ship. It's difficult enough as it is. Of course opportunities I believe are still everywhere particularly if you don't choose what job you want to do. But if you are picky, then swallow your pride and ride through this wave, it'll be a couple more months (if we're lucky) to a few years (that's going to have to be the worst case scenario)