go through Justin Ireland D. Table, reporter
Philippines falls to nearby The World Competitiveness Center says that in the case of a decline in quality of life, the quality of life of the National (IMD) World Competitiveness Center has declined, and the country’s ability to attract and retain skilled labor is ranked the lowest in the world.
Philippines reduces seats to 64 in IMD’s World Talent Ranking (WTR) in 2025Th Among 69 countries. Last year, it ranked 63road Among 67 economies.
This is the worst performance in the Philippines in 20 years or since 2005.
The Philippines’ talent competitiveness continues to lag behind its Asia-Pacific neighbors. Ranking 13Th Of the 14 Asia-Pacific countries, it is only better than Mongolia (69Th comprehensive).
Hong Kong (4Th) is the highest economy in the Asia-Pacific region. Next is Singapore (7Th), Taiwan (17Th), Australia (19Th), Malaysia (25Th), New Zealand (33road), South Korea (37Th), China (38Th), Japan (40Th), Thailand (43road), Indonesia (53rd) and India (63rd)road).
The global talent index is once again dominated by Swiss-led European economies (1Yingshi Overall), Luxembourg (2ND) and Iceland (3road).
The WTR ranking is based on three factors: “Appeal”, or the ability of the economy to attract foreign talents and retain local talents; “Investment and Development”, which refers to the measurement of the allocation of resources for the development of the local labor force; and “ready”, or the quality of skills in a national talent pool.
All factors in the Philippines have dropped, bringing both positions to 66Th In terms of investment and development. It slides to 56 spotsTh In the appeal, six positions are dropped to 58Th Ready to go.
“Generally speaking, the Philippines is a net exporter of talent. This means it is always difficult to retain the country’s native talent,” Arturo Bris, a professor of finance at the World Center for Competitiveness and Finance, said in a mixed media briefing on Monday.
“At the same time, it’s interesting that if you look at our metrics, the Philippines ranks 13thTh in the skilled workforce in the country. Therefore, it seems that the country’s executives and leaders do not feel that they have not found the talent they need. ” he added.
Low quality of life
Mr Brees noted that the country’s ranking has steadily declined in the past few years, with competitiveness lagging behind competitiveness, mainly due to the low quality of life in the Philippines and its regional peers.
“I think the main driver is the decline in quality of life. Remember again, quality of life covers many different factors,” Brees said.
“The quality of life in the country, especially compared to other neighbors such as Thailand, Singapore or Indonesia, is lower,” he added.
He specifically said that the Philippines ranks 60 in quality of lifeTh Among 69 economies. It ranks 49Th Exposure to pollution and 31Yingshi In managing compensation.
John Paolo RR Rivera, senior researcher at the Philippine Institute of Development, said the country’s low ranking of talent index “reflects the long-term investment in education, weaker training systems and poor talent.”
“We lag behind in talent preparation and quality of life compared to our Asia-Pacific peers like Malaysia or Singapore. To catch up, we must increase public spending on education, build industry-related skills and make our economy more attractive to high-value talents,” he said in the Viber message.
Misiek Piskorski, Dean of Executive Education and Professor of Digital Strategy, Analytics and Innovation, said that much of the success in the Philippines is mainly due to its cheap labor.
Although many multinationals have established back-end businesses in the Philippines, this is now under threat due to the increasing adoption of artificial intelligence (AI) in the business process outsourcing industry.
“One of my biggest concerns about Manila … Again, to what extent will AI replace many of these jobs,” Mr Piskorski said.
He added: “Will the Philippines prepare enough labor and enough skilled labor to provide the next generation of services? That’s my biggest concern.”
To address these issues, he said more concentrated investment is needed.
“For me, the Philippines has always been Manila, and the rest of the country is very, very different. So we also have to start thinking about what we do in Manila and what we might do with Manila and high-tech people on other islands to make things move forward,” he said.
Alfredo S. Panlilio, president of the Philippine Management Association (MAP), said the quality of the workforce can be addressed by improving the curriculum across the school.
He told reporters next to the 23rd, “I think one important aspect is how to fix the curriculum from public to private schools to make it relevant to the needs of current staff.”road Map International CEO meeting Tuesday.
He added: “Although there are many positions available, these companies cannot or do not hire because they cannot find the talent they need. So it does have to do with human capital.”
Mr Panlilio said while serving on the Private Sector Advisory Committee during his tenure that he recommended more attention to science, technology, engineering and math programs.
“Because AI is technology, we have to have the skills of young people to develop those skills,” he said, adding that the future is still uncertain what jobs will be created in the future. ”
He said the map hits scholars on joining committees within the organization, especially when conducting research and understanding the data.
“So we are working to bridge this and ensure there is a connection or consistency between the education system and the connection between the company and even the public sector,” he added.
