Professional services and investment management company Colliers said flexibility in the workplace is key to minimizing attrition risk.
Citing Mercer’s 2022-2023 Global Talent Trends report, Colliers associate director of office services-tenant representation Mitzi Blancaflor said seven of 10 employees in the Philippines believe that not being able to work remotely or hybrid permanently is a deal-breaker when considering whether to join or stay with an organization.
The study said 74 percent of companies surveyed are providing flexible working option, significantly higher than Asia’s 50 percent and the global average of 56 percent.
Companies are also implementing compensation adjustments, mental health initiatives and learning and development programs to improve their employee’s overall well-being.
Collier said various companies have taken creative steps to address the roadblocks to their return-to-office initiatives.