A survey conducted by an international consultancy firm showed that millennial employees are among the most restless and most unattached to their jobs, with some leaving even before they reach 12 months as new hires (25 percent) while more than a third leave in less than five years. While millennials may be very creative and smart, this kind of “disloyalty” can end up costing companies more. Imagine, you train them and show them the ropes and then they leave you in the lurch?
Prople Inc. – a leading global business solutions provider known for excellent services in the areas of finance and accounting, human resource, tax services and data management – may just be able to help Filipino businessmen who are losing out due to increasing turnover rates. Citing a study, Prople says a lot of companies focus on improving workplace policies in a bid to reduce the cost that goes with high turnover and yet about a fifth of workers voluntarily leave their job each year due to both personal and business reasons.
According to Prople chairman Alfonso Yuchengco III, employee retention is becoming quite an issue because it entails losses that could reach tens of thousands of dollars (that’s right!) because new hires would need to be trained again, not to mention lost productivity (among them downtime as companies look for a replacement), lost engagements and work-related errors.
“First, job vacancies cause slower productivity. Second, the company has to prepare for its budget plan for the cost of hiring and training new employees. This could be very tedious, time-consuming and costly for the company,” Yuchengco says.
“Startups that are planning to hire new people for critical job functions have to rethink their business strategies. If they are looking forward to long-term success, outsourcing professionals for specific positions will go a long way,” he adds.
Pointing to Prople’s strong team of professionals with expertise and rich experience in finance and accounting, tax services, human resources and payroll as well as data management, Yuchengco says businesses can have more access to highly skilled workers because Prople’s experts are CPAs, auditors, project managers, business analysts and IT professionals who can do the right job on time.
“This allows business owners to focus on growing their company while we do specific outsourced work functions for them,” Yuchengo shares.
Business owners can also benefit from Prople’s data management services that include data capture, conversion, clean-up, organization, standardization, data mining and analysis and healthcare management. Aside from reduced operating costs, a study published by oracle.com shows that excellent data management could actually benefit companies pertinent to back-office improvements, faster and more accurate billing, improved customer service, front-office improvements, improved regulatory and compliance efforts.
“As a globally competitive organization, Prople strives for more growth to become the best business partners to clients. Being focused with that goal, we keep practicing the following culture at Prople: total quality management, continuous improvement, strategic customer service, manpower efficiency, and innovation,” Yuchengco states, adding that they will continue to support companies in achieving business goals “because their growth is always our top priority.”
ACTS-OFW party list calls for full implementation of OFW help desks in LGUs
A new party list congressman is calling on local government units to implement their mandated role to set up help desks or kiosks to address issues that migrant workers and their families face, among them basic services assistance, employment and verification, as well as legal cases like illegal recruitment, individual or mass repatriation, human-trafficking, among many others.
ACTS-OFW Party list Rep. Aniceto “John” Bertiz III is setting his sight on the LGUs’ role of protecting and promoting the welfare of Filipino contract workers, as embodied in RA 10022, which amended the Migrant Workers and Overseas Filipino Act, proposing the establishment of fully computerized OFW help desks or kiosks in their specific localities with help from other concerned agencies and NGOs. Bertiz envisions these help desks to ensure our modern day heroes’ well-being by providing free assistance in all aspects relative to overseas workers’ welfare, employment, legal and livelihood which will be a local replication of the POEA’s Assist WELL Center.
LGUs are required to report any illegal activities, provide legal assistance to victims, coordinate with proper authorities/agencies for the arrest and prosecution of those involved, provide a suitable venue for the conduct of pre-employment orientation seminars and establish help desks with a database linked to the database of concerned agencies, which contains updated lists of overseas job orders, licensed agencies and locally-residing OFWs in their areas.
Cognizant of the additional funding and tasks this help desk will entail, Bertiz proposes the formulation of fund-generating programs and schemes that would help engender a self-sustaining office which could be manned by a POEA-trained LGU personnel and assisted by local OFW organizations volunteers. He also bared plans to spearhead the organization of local and national OFW advocacy groups and their families into an empowered sector which will deal with overseas workers’ concerns and craft programs and projects aimed at nation-building.
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