Economy Profile Working Age Population (Millions) / 2 Philippines 55.2 6kill outlook :orkIorce strateJ\ outlook Core sRills Talent outlooR in 6kills needed to perform well in key, stable roles within the company (share of organizations surveyed) (xpected change in talent availability, development and retention in the next ıve years (share of organizations surveyed) Skills, knowledge and abilities $ttitudes ,mproving :orsening Global average Global average 2 2 2 2 Talent availability when hiring ECONOMY G/2%$/ -100% +100% 41% 36% 24% Cognitive skills Talent development of existing workforce -100% +100% 9% 82% 6% Engagement skills Talent retention of existing workforce 12% Management skills -100% +100% 14% 55% 1% Physical abilities )usiness practices to improve talent availability Top practices with the greatest potential to improve talent availability (share of organizations surveyed) 23% Technology skills ECONOMY G/2%$/ 3% Ethics 55% . Improve talent progression and promotion processes 21% Self-eĴcacy 50% . Provide eijective reskilling and upskilling 10 % Working with others 36% . Better articulate business purpose and impact 9esRilling sRill focus 36% . Oijer higher wages 6kills most prioritized for reskilling and upskilling in the next ıve years (share of organizations surveyed) More diversity, eTuity and inclusion policies and Skills, knowledge and abilities $ttitudes Global average 32% . programmes 59% AI and big data Oijer more remote and hybrid work opportunities within 27% . countries 46% Analytical thinking 18% . Improve people-and-culture metrics and reporting 46% Resilience, IJexibility and agility 36% 14% Creative thinking . Support employee health and well-being 36% Technological literacy 14% . Tapping into diverse talent pools 32% Curiosity and lifelong learning 9% 32% Improve internal-communication strategy Leadership and social inIJuence 27% Service orientation and customer service Key components of +,0 programmes 0ost common components of '(, programmes (share of organizations surveyed) 27% Talent management ECONOMY G/2%$/ 23% Design and user experience Set DEI goals, targets or Tuotas that exceed public 50% . reTuirements :Rill stability % Oijer greater IJexibility on education reTuirements to 46% 6kills reTuired by the workforce that are expected to remain the same (share of all skills . Global % recruit from various backgrounds reTuired) Enable inclusion and accessibility across physical and 41% . Training funding virtual spaces 3referred sources of funding for training, upskilling and reskilling efforts (share of organizations surveyed) 36% . Run comprehensive DEI training for managers ECONOMY GLOBAL :hare of companies ^ith +,0 7rograms 24% 16% Co-funding across the industry 6% (share of organizations surveyed) Global % 24% 28% Free-of-cost training 38% 22% Funded by government 91% 87% Funded by my organi]ation 19% 24% Public-private hybrid funding
The Future of Jobs Report 2023 Page 150 Page 152