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Pandemic touted as window for digitally reskilling workers

REUTERS

THE IMPORTANCE of digital skills in the workforce has been highlighted by the pandemic, according to Senior Economist Yoonyoung Cho of the Social Protection and Jobs Global Practice at the World Bank.

“The pandemic accelerated and increased the use of technology,” Ms. Cho said in a webinar Thursday organized by the Philippine Institute for Development Studies. As such, “we need to develop our workforce’s digital skills.”

According to Ms. Cho, the Philippines had “one of the fastest-growing economies” in East Asia with an average annual gross domestic product growth rate of 6.4% between 2010 and 2019. In the same period, the country maintained low jobless levels of as employment grew 2.17% annually. 

The Philippine Statistics Authority estimated the unemployment rate at 5.1% in 2019, peaking at 17.6% in April 2020 due to the pandemic. It has since eased to 6.9% in July 2021.

To sustain the decline in unemployment, Ms. Cho recommended a program to develop digital skills, to improve worker employability. Such skills may be incorporated into the education curriculum to prepare students for the workforce, while training and testing may be provided by the government for current workers. 

Ms. Cho views digital skills as belonging to three levels — basic, intermediate, and advanced.

The basic level involves access to and ability to use digital technology to perform basic tasks. The intermediate level entails the ability to use professional software for analysis, creation, management, and design tasks; and the advanced level covers specialized tasks in information and communications technology. — Bianca Angelica D. Añago

BSP to issue guidelines to improve lenders’ fraud management systems

THE CENTRAL BANK will issue new rules to improve lenders’ fraud management systems and regulatory supervision amid evolving cyberattacks.

“The BSP is crafting guidelines with set expectations or the fraud management systems of our supervised financial institutions,” Bangko Sentral ng Pilipinas Deputy Governor Chuchi G. Fonacier said at an online forum.

“Our supervised institutions are expected to adapt more robust systems to protect their infrastructure and proprietary in customer data, as well as to ensure continuous delivery of financial services,” she added.

In her presentation to the UK-ASEAN Business Council on Wednesday, Ms. Fonacier said cyber threats experienced by consumers include skimming, phishing e-mails and text messages, identity theft, as well as voice phishing, among others.

“Illegal activities of fraudsters and scammers have proliferated during the pandemic, allowing them [criminals] an authorized access to consumers financial resources and to address cybersecurity threats,” Ms. Fonacier said.

BSP Governor Benjamin E. Diokno earlier said a major cyberattack could affect the stability of the financial system, noting the BSP will keep watch of emerging threats.

The central bank in April released guidelines on reputational risk management, which require BSP-supervised financial institutions to report events that affect their reputation, including cyberattack-related incidents, within five calendar days.

Ms. Fonacier said the central bank has mandated banks to have mechanisms to prevent such threats and is also advocating for digital financial literacy among consumers as “digital has become a ‘necessity’ and not just a mere “matter of convenience.”

“BSP-supervised financial institutions here are expected to subject any access to their digital infrastructures to verification and security screening. So, the BSP has also put in place consumer protection mechanisms,” she said.

She added financial institutions were also advised to “fortify their customer service and redress mechanisms to limit fraud losses.”

Meanwhile, Ms. Fonacier said their digital literacy programs for consumers focus on cyber hygiene practices, such as password protection, use of multi-factor authentication, and accounting for data privacy.

“We are confident that digital innovation can coexist alongside the central bank’s key mandates of maintaining monetary financial stability, and, of course, the efficiency and safety of payments and settlement systems,” she said.

The BSP wants 50% of the volume and value of transactions in the country done digitally by 2023. — L.W.T. Noble

Filinvest Land looks to offer P10-B fixed-rate bonds

Filinvest Land-logo

FILINVEST Land, Inc.’s (FLI) board of directors approved the company’s plan to issue and offer up to P10-billion fixed-rate retail bonds, the Gotianun-led company said in a disclosure to the exchange on Thursday.

“The board of directors of the company has authorized the management of the company to evaluate all aspects relating to the proposed offering of the second tranche bonds, including the determination of the timing thereof and interest rate,” FLI said.

The offer comprises P8-billion fixed-rate bonds with an oversubscription option of up to P2 billion. It will have a maturity period from four to six years.

This forms part of FLI’s shelf-registered P30-billion bonds. The first tranche amounting to P8.1 billion was issued in November last year.

The bonds will be listed at the Philippine Dealing & Exchange Corp. when issued.

FLI assigned BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., RCBC Capital Corp., and SB Capital Investment Corp. as the joint lead underwriters and bookrunners to manage the public offer and issuance.

Meanwhile, RCBC’s Trust and Asset Management Group was mandated as the trustee. The Philippine Depository & Trust Corp. was assigned as registrar and the paying agent for the bonds, while the Philippine Rating Services Corp. is tasked to issue the credit rating.

On Thursday, shares of Filinvest Land at the stock exchange went down by 0.9% or one centavos to close at P1.10 apiece. — Keren Concepcion G. Valmonte

Stuff to do (09/24/21)

Manila History Talk online tour holds fundraiser

WANDERMANILA will stage a fundraiser edition of Manila History Talk online tour for the benefit of someone who has contracted COVID-19 (coronavirus disease 2019). The tour will be livestreamed over the WanderManila Facebook page for free, with WanderManila accepting donations. The Manila History Talk for a Cause will be held on Sept. 29 at 5 p.m. For information, inquiries, and donations, visit https://www.facebook.com/WanderManila/?ref=page_internal

PhilKor Cultural Fest to hold online concert

NOW on its 30th year, the Philippines-Korea Cultural Exchange Festival (PhilKor) promises surprises during the We Stand Together online concert on Sept. 25. PhilKor aims to advance the promotion of Philippine-Korea bilateral cultural relations through various arts exchanges and performances. The online concert will be hosted by Catriona Gray, SB19 Justin, and Sam Oh, and will feature performances by SB19, Alamat, MONA, Dasuri Choi, JinHo Bae, TAGO, the PWU INdayog Gong Ensemble, Byeong-in Park, Rachelle Gerodias, and 4th Impact. This virtual celebration will be streamed on the official Facebook pages of the National Commission for Culture and the Arts and the Korean Cultural Center.

2021 Tingin ASEAN Film Fest is on

THE 2021 TINGIN ASEAN Film Festival, with the theme “Remedies for Dis-ease,” will run online from Sept. 24 to 26. The festival uses “dis-ease” to conjure pathology as well as restlessness, or “pagkabalisa” in Tagalog, brought on by the pandemic. A project of the National Commission for Culture and the Arts (NCCA), the festival features Southeast Asian short films that explore solutions for rebuilding the world unsettled by the COVID-19 pandemic. Filipino filmmaker Carlo Francisco Manatad’s The Imminent Immanent leads the selections for the first digital iteration of the festival. Mr. Manatad draws a picture of a seaside town before it is eventually engulfed by a super typhoon. New Land, Broken Road by Kavich Neang, is the entry from Cambodia. It contemplates the experience and role of Khmer youth in Cambodia’s rapid development. Set against the 1997 Asian Financial Crisis, Loeloe Hendra’s Lost Wonders is about a young boy who leaves the house every night to look for his father, who has disappeared while performing pesugihan, or a way to amass a fortune using magic. Malaysia’s Peon is based on a true story and unfolds through a series of texts, voice messages, and video calls, giving the audience an immersive experience of the daily grind of frontline workers. Vietnam’s Binh follows an alien who arrives on earth on a quest to find assistance to rebuild his home. The festival is free to the public and is hosted on the Vimeo channel of the NCCA National Committee on Cinema (www.bit.ly/Tingin). Aside from the screenings on Vimeo, a series of conversations with select filmmakers will be livestreamed from Sept. 24 to 26, 6 p.m., on the film festival’s official Facebook page (www.facebook.com/TinginASEANFilmFest/)

Kundiman show goes online

KUNG HINDI MAN, A Collection of Musical Treasures, a show focusing on the traditional Filipino love song, will premiere on Sept. 25, 6 p.m., on the Facebook page of the Cultural Center of the Philippines (CCP) Office of the President. The succeeding episodes of the series will air every Saturday at the same time until December. Written and directed by Dennis Marasigan, each episode will feature well-known artists who will perform songs that can range from the traditional kundiman to the more contemporary interpretations of the genre. Among the artists performing in the musical series are Arthur Espiritu, Cesar Montano, Gian Magdangal, Harry Santos, Lara Maigue, Mariel Ilusorio, Nerissa De Juan, OPM band Orange and Lemons, and the Philippine Philharmonic Orchestra.

Language diversity focus of KulturaSerye webinar

IN continuation of the Buwan ng Wikang Pambansa celebration last August, Gateway Gallery focuses on the current challenges faced by Philippine communities that speak indigenous languages as its latest KulturaSerye offering. The webinar, titled “Mga Katutubong Wika ng Pilipinas, Nasaan Na?,” will be aired live on Sept. 25, 2 p.m., on the Gateway Gallery Facebook page. The webinar will feature two speakers from the University of the Philippines Diliman. Professor Eilene Antionette Narvaez of the Department of Filipino and Philippine Literature will talk about “Filipino Bilang Pambansang Wika” while Professor Jesus Frederico Hernandez of the Department of Linguistics will discuss “On The Verge of Silence: The Story of Linguistic Fragility and Language Endangerment in the Philippines.” The online discussion will be moderated by KulturaSerye’s John Carlo Santos, who teaches at the UP Los Baños. Gateway Gallery, the art museum of the Araneta Group, is devoted to the promotion of Philippine culture, heritage, and art, and is managed by the J. Amado Araneta Foundation, the social development arm of the Araneta Group. For inquiries on the webinar or other details of its programs, send an e-mail at gatewaygallery@aranetagroup.com. Connect with its social media accounts on Facebook, (GatewayGalleryPH), Instagram (gateway.gallery), Twitter (gateway_gallery), and YouTube (Gateway Gallery).

Dubai turns page on COVID with hottest jobs market in two years

REUTERS

WHAT may have been the steepest population decline in the Gulf region is giving way to the hottest jobs market Dubai has seen since China detected its first coronavirus case in December 2019.

turnaround in employment took hold this summer and spread as looser travel restrictions revived business. But while headcounts are swelling with freshly recruited cooks and cabin crew, the economy of the Middle East’s commercial center is facing a fraught path to normalcy.

“We’re bringing people back but managing that carefully along with how we see occupancy moving,” Mark Kirby, chief operating officer of Emaar Hospitality Group, said in an interview. “Now we’re ramping up because the fourth quarter for us is an important time of year.”

Owned by the builder of the world’s tallest tower, the hotel company is looking to employ 200 to 300 people for a range of posts and is hiring both within the United Arab Emirates and from Asian countries that have been slow to reopen amid longer shutdowns. 

As Dubai prepares to kick off the World Expo fair next month, the city’s flagship airline, Emirates, is planning to recruit 3,000 cabin crew and 500 airport services employees to join its hub over the next six months. Amazon is meanwhile looking to create 1,500 jobs in the UAE this year.

The lifting of curbs between Dubai and countries such as the UK, the US and Saudi Arabia will have a “massive impact,” with about 27 million people passing through this year alone, Dubai Airports CEO Paul Griffiths told Bloomberg Television this week.

While labor shortages and hiring difficulties hold back the labor market in parts of Europe and employment is dropping in countries like Australia after the Delta variant of coronavirus forced lockdowns, the oil-rich Gulf region can lean on foreign workers to fill most private-sector jobs.

Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years, according to a Purchasing Managers’ Index compiled by IHS Markit.

‘GOOD SUMMER’
In the Middle East, “we had a really good summer, well above expectations” as travel corridors gradually opened amid rising vaccination rates, Mark Willis, Accor’s CEO for India, Middle East, Africa & Turkey.

The hospitality industry “has been rehiring across the board for the past three months,” Guy Hutchinson, president and CEO of Abu Dhabi-based hotel operator Rotana, said in an interview.

In the past three months, Rotana hired about 400 staff across the UAE and will continue to recruit as it opens new hotels, he said. Rotana was forced to lay off less than 5% of its workforce at the start of the pandemic and by the end of February, it rehired 70% of those who were let go.

Research firm STR Global estimated last year that about 30% of jobs in Dubai’s hotel industry were likely to be lost until demand recovers from the pandemic.

Occupancy at Emaar’s hotels is hovering around 54% while the average daily rate has held up at over 1,000 dirhams per night, Kirby said.

EMAAR’S PLANS
Emaar is opening six hotels this year, including its first property in Istanbul and another in Bahrain. It opened three beach hotels in the UAE last year and will open five others in 2022.

It’s having “active discussions” to open three to four Armani hotels in a number of key cities in Saudi Arabia and Europe, Kirby said, declining to elaborate as the agreements haven’t been signed yet. Emaar Hospitality operates two Armani hotels, one in the world’s tallest tower in Dubai and another in Milan.

While Emaar isn’t currently in talks to sell any of its properties, the company is “looking at an asset-light model strategy” for its hotel division, Kirby said. In 2018, Emaar Hospitality Group sold five hotels, including the flagship Address Dubai Mall and Address Boulevard to Abu Dhabi National Hotels. — Bloomberg

DBP grants P50-M loan to water district

BW FILE PHOTO

STATE-RUN Development Bank of the Philippines (DBP) extended a P50-million loan to Sipocot Water District (SIPWADI) to rehabilitate its existing water lines and provide services to more barangays in Camarines Sur, the bank said in a press release on Thursday.

The loan agreement was signed on July 30, the bank said in an e-mailed response to queries. DBP said the loan bears a 5.5% annual interest rate.

The bank said the loan will finance the development and rehabilitation of SIPWADI’s water lines and water sources.

The funds will also support the water district’s overall improvement of its existing operations to expand its services to two more barangays in Sipocot, Camarines Sur.

This marked SIPWADI’s first time to sign a loan agreement with a financial institution in its 43 years of public utility service.

The local water district is currently providing clean water supply to eight barangays with nearly 30,000 residents.

DBP is the country’s designated infrastructure bank. It also provides credit to other sectors like small businesses, environment, and social services and community development.

It was the country’s sixth-biggest lender in terms of assets with P1.102 trillion as of March, based on central bank data.

DBP’s net income plunged by 62% to P547.8 million in the first quarter as its operating expenses climbed. — B.M. Laforga

Cebu Pacific increasing flights

BUDGET Carrier Cebu Pacific announced on Thursday that it will increase flights to Siargao, Boracay and Bohol next month, as well as resume several international flights beginning Sept. 30.

“We believe that reopening domestic travel and the promotion of responsible travel is critical to rebuilding the trust and travel confidence in the industry,” Candice A. Iyog, vice-president for marketing and customer experience at Cebu Pacific said at a virtual briefing.

Flights to Siargao will be expanded from five times to six times weekly in October.

The airline will also increase flight frequencies to Boracay from four to five times daily in the coming month.

In the same month, Bohol flights will be increased from nine to 10 times weekly.

“We also know that the situation continues to be fluid, that is why we make it a priority to always make travel convenient for everyJuan, on top of providing the much-needed flexibility during this time,” Ms. Iyog said.

The budget carrier plans to resume its daily flights to Dubai on Sept. 30. It intends to fly twice weekly to Nagoya and Osaka beginning Oct. 2 and 4, respectively.

At the same time, the airline aims to resume flights to Fukuoka on Nov. 5. It will restart flights to Kuala Lumpur on Oct. 4.

The airline said it has an ongoing P99 seat sale until Sept. 26 for flights to and from Cagayan de Oro, Cebu, Davao, Dipolog, and Iloilo, among others. — Arjay L. Balinbin

Entertainment News (09/24/21)

WeTV Original show Pasabuy premieres today

TWO strangers trying to find themselves find each other in the middle of a lockdown in the new WeTV Original series Pasabuy. In the show, Gino Roque and Heaven Peralejo play two strangers who head out to a beach resort to escape their real lives and do a bit of soul searching. Then the lockdown happens, and they find themselves stranded. The six-episode series is written and directed by Xian Lim, based on a WeTV Original concept. The show is co-produced by Forza Productions. Stream Pasabuy for free starting on Sept. 24, 7 p.m., on WeTV. New episodes will be released every Friday.

Netflix’s Squid Game goes to the mall

ONE key figure that stands out in the Netflix series Squid Game is the huge scary doll that signals players to stop and go during the “Red Light, Green Light” game in the first episode. Squid Game is an original Korean series about cash strapped contestants who battle it all out by playing children’s games to win 45.6 billion won in the deadly nine-part series by Hwang Dong-Hyuk. That 10-foot-tall doll is now in Robinsons Galleria Ortigas Mall (East Wing Entrance) to monitor jaywalkers that cross the mall’s nearby street. Jaywalkers were surprised when the giant doll started moving its head and its eyes flash red. This special doll can be seen at the mall for a limited-time only. There are also some Squid Game games, surprises, and prizes at the Robinsons Galleria Facebook page. Meanwhile, joining the Squid Game craze, It’s Showtime will present Squid Game: Extra Life, an all-or-nothing game based on the show where six faces from the past — including John “Sweet” Lapus, Dante Gulapa, and the Pabebe Girls — will meet each other in a head-to-head battle for an extra life. Squid Game: Extra Life airs on Sept. 23 to 25 on It’s Showtime.

Duran Duran releases more music from new album

DURAN DURAN has released the anthemic “Anniversary,” the third song taken from their 15th studio album, Future Past, which is set for global release on Oct. 22 via Tape Modern for BMG. The song was produced by the band along with British DJ/producer Erol Alkan. In a press statement. Duran Duran bassist and founder member John Taylor said: “‘Anniversary’ is a special song for us. Obviously, we were conscious of our own impending 40th anniversary of making music together, but we wanted the song’s meaning to be inclusive in the broadest possible way. After playing and working together for so long, we very much appreciate what ‘being together’ and ’staying together’ can really mean, it’s not something we would have thought song worthy 40 years ago but we do today! It was also fun to build a track with hints of previous Duran hits, they’re like Easter eggs, for the fans to find.” The band will be playing at the upcoming Global Citizen LIVE concert on Sept. 25. Future Past will be available on all digital platforms, as well as in a variety of physical formats: standard CD, cassette, a limited edition deluxe hardback book CD featuring three additional tracks, and colored vinyl.

Season 4 of e-sports women’s league

SMART Communications, Inc. teams up with e-sports event organizer Eplayment Entertainment to power the fourth season of Liga Adarna, the Philippines’ biggest and only all-female e-sports league. For the fourth installment, titled Race to the Top, Liga Adarna has gathered the country’s top female e-sports players to battle it out in four different games — Mobile Legends: Bang Bang, Valorant, Call of Duty: Mobile, and League of Legends: Wild Rift — until Dec. 19 for a shot at the championship and prize pool of P220,000. The Mobile Legends leg runs until Oct. 17; the Valorant leg is scheduled for Oct. 22 to Nov. 14; the League of Legends: Wild Rift leg will be from Nov. 18 to 21; and the Call of Duty leg will be from Nov. 26 to Dec. 19.  Gamers and e-sports fans can catch the livestream of the games on the Liga Adarna Facebook page at www.facebook.com/ligaadarna.       

Daniel Paringit releases new single

DANIEL Paringit has released his new single, “Pahina,” about moving forward, acceptance, and facing a new chapter. “Pahina” is out on Spotify and all other digital streaming platforms under MCA Music (Universal Music Philippines). The official lyric video is also out on YouTube.

Lazada extends Miss Universe Philippines fan voting

BEAUTY pageant fans now have until Sept. 29 to vote their favorite Miss Universe Philippines finalist into the Top 16, on Lazada, which is the pageant’s official voting platform this year. Fans can enter up to five votes daily through the Fan Vote function and the finalist with the most votes will secure a place in the Top 16. Fans can also support their favorite candidate by purchasing special packages offered on the voting page. In addition to the Fan Vote feature, fans were also given an opportunity to get to know their candidates better through a recently concluded video contest that showcased the favorite Lazada shopping choices of each beauty queen. The Lazada voting page can be found at https://lzd.co/LazadaVoting.

Survival of the fittest

HOW are you coping after more than one-and-a-half years of lockdown? How do you survive if your industry is among those hard hit ?   

Last week, the FINEX Women in Finance Committee chaired by Terrie Magleo and FINEX Director Tiffi Zulueta held a webinar “Survival of the Fittest” featuring three passionate ladies: Ryna Brito, CEO of Sunlight Express Airways, Nanette Medved-Po, chair and founder of Friends of Hope, and Tessa Prieto-Valdes, vice-president of Trezza Group. 

Their businesses — tourism, manufacturing and real estate, respectively — were badly affected by the pandemic.   How did these remarkable women leaders adapt to the needs of the challenging times and keep their companies afloat?

Ryna kept Sunlight Express Airways alive with her creativity and agility. Having been conceived to cater purely to passengers, the airline was quickly transformed to a passenger and cargo business. Ryna used the crisis to reboot and adapt to customer and industry needs by putting in place safe and seamless travel processes, such as a charter airline point-to-point travel. Her passion, dedication, perseverance and responsiveness to the constraints brought about by the pandemic cascaded to her people and resulted in a remarkable growth in the airline’s passenger and cargo sales, flights and destinations. Ryna, a young executive, is certainly a good role model for millennials for her creativity.

For Nanette Medved-Po, the current pandemic, which caused her company to lose as much as 90% of its business, taught her many lessons revolving around the value of resiliency and agility, a strong focus on employees, and the optimum use of technology.  She highlighted the value of communication, especially as the lockdown kept members of the organization widely dispersed. She founded Plastics Exchange to help the environment. She also reminded everybody not to lose sight of the big picture, which is the company’s responsibility to society. Nanette demonstrated her big heart with Hope donating 100% to education, environment and agriculture.

Tessa Prieto-Valdes said real estate has always been regarded as the safest long-term investment a person can make, and this has remained so even with the pandemic. She explained that the real estate industry has stayed resilient as developers were quick to pivot and address the challenges brought about by COVID-19. Despite market disruptions and changing lifestyles, a safe and secure space in a master-planned community has continued to be the top qualification of real estate buyers. Tessa exudes positivity with doable and practical strategies, much needed nowadays.

Innovation, agility, grit, not giving up easily, and the first-hand experiences highlighting business adaptability, being attuned to the needs of the customers and taking care of one’s employees, were the key takeaways from this very successful webinar with Multinational President Malou Cristobal as emcee and Danielle del Rosario of Phinma as moderator. And I’d like to add: prayer to the One who is the source of everything. “Certainly, a breath of fresh air and hope in the midst of so much uncertainty” says Terrie.

Also, congratulations to the very energetic Mar Bacani, Antipolo Department of Tourism Officer and a dedicated public servant, supported by Region 4A DoT Director Michael Palispis and Antipolo Mayor Andrea Ynares for the very successful 9th Antipolo Tourism Fair: A virtual promenade held from Sept. 21 to 24, which showcased the destinations, products and services in Antipolo. Tayo na sa Antipolo and keep domestic tourism alive!

(The views expressed herein do not necessarily reflect the opinion of these institutions.)

 

Ms. Flor G. Tarriela was the first chairwoman of the Philippine National Bank. She was the first and only independent director chairwoman in the commercial banking industry. She is a former Undersecretary of Finance and the first Filipina vice-president of Citibank N.A.  She is a trustee of FINEX and an Institute of Corporate Directors fellow.  A gardener and an environmentalist, she established Flor’s Garden in Antipolo, an ATI Accredited National Extension Service Provider and a DoT Accredited Agri Tourism Site.

Monde Nissin joins SBCorp loan program

MONDE Nissin Corp. inked a memorandum of agreement to join a program that will help customer sari-sari stores, or neighborhood mom-and-pop shops, gain access to collateral-free and interest-free loans.

The listed company is now the first FMCG (fast-moving consumer goods) partner of Small Business Corp.’s (SBCorp) Sustaining Trade Access to Primary Food and Link to Enterprises (STAPLES) program.

STAPLES’ goal is to “help make small businesses more robust, especially in the face of the pandemic.”

With a partnership with Monde Nissin, customers of authorized distributors of the listed company may avail of the loan program to increase their working capital.

Other large food manufacturers, distributors, and suppliers are encouraged to become accredited partners for STAPLES “to expand the reach of its program and to cater to a substantial number of sari-sari stores.”

On Thursday, shares of Monde Nissin at the stock exchange improved by 0.93% or 18 centavos to close at P19.60 each. — Keren Concepcion G. Valmonte

Ten irrelevant job interview questions

With five years of experience in hiring in the banking sector, I was pirated to become the recruitment manager of a newly-formed business process outsourcing (BPO) company. The chief executive officer (CEO) told me to start hiring more than 100 workers and listed down the qualities expected of the hires in a job description that he wrote. How do I proceed to hire the brightest prospects for us in less than 45 days? — Fire Power.

If you’re not new to recruitment, you may have already experienced what’s working or not, which could be different in the case of the BPO industry, which is experiencing employee turnover of as much as 40%, either forced or voluntary due to the stressful and toxic working environment. Comparatively, the banking industry averages in the single digits for turnover rate, for reasons that are not found in many BPO firms.

Assuming the high turnover rate comes with the territory, your best approach is to learn from your colleagues from the BPO industry. It could be difficult as you may not know people in the industry. If you don’t, talk to people from the IT and Business Process Association of the Philippines.

Unless you ask for help, no one will come to your rescue. If no one can assist you, I can only provide generic advice, mainly focused on avoiding useless job interview questions which have been around since the 1970s. Formulate all questions based on potential work situations to make your search more efficient and meet your 45-day timetable.

What are those situational questions? They are imperative questions designed to elicit intelligent answers from applicants on a particular work situation. This includes — how would you manage an irate customer? How about a toxic boss? Therefore, imagine all possible stressful work scenarios possible in your company. And take it from there.

IRRELEVANT QUESTIONS
The main purpose of a job interview is to evaluate and forecast the knowledge, attitude, skills, and habits of your prospect. You do this by being conscious of how the applicants might perform the job. Therefore, avoid the following unrelated and time-wasting questions that could elicit seemingly smart responses from intelligent applicants:

One, tell me something about yourself. Applicant’s thought balloon: “How much time do I have? Of course, I’d love to talk about my childhood and how it molded me. Are you ready to hear all of it?”

Two, strengths and weaknesses. Applicant’s thought balloon: “Oh, that’s very easy. My answer would be the same thing that I’ve told other prospective employers. I’m such an incurable workaholic that I often work overtime.”

Three, career goals. Applicant’s thought balloon: “Are you serious? Frankly, I’d like to immediately assume your job so that I can ask a much better job interview questions.”

Four, imagine yourself in 10 years. Applicant’s thought balloon: “That’s too long. The truth of the matter is — I’m planning to migrate to another country in five years, where the job opportunities are much better.”

Five, have you thought of switching careers? Applicant’s thought balloon: “Where did you get that idea? But to answer your irrelevant question, I used to be a high school teacher. After college, I took a post-graduate degree in education to pursue a teaching career.”

Six, describe the perfect job. Applicant’s thought balloon: “The perfect job would be the one that allows me to challenge the status quo and other wasteful practices, like what we’re having now with this stupid job interview.”

Seven, what type of person would you hire for this job? Applicant’s thought balloon: “I’m a maverick at heart. I don’t want to talk to people with a traditional management style. That’s the kind of person I’d like to hire.”

Eight, have you ever been fired or asked to resign? Applicant’s thought balloon: “Are you doing a background check? Would you expect me to lie? Please get that information somewhere else. That’s because my answer could be self-incriminating.”

Nine, length of job search. Applicant’s thought balloon: “I’m not. My friendly headhunter forced me to take this chance with you. But really, I’m not interested because I know some friends who hate this company.”

Ten, salary expectations. Applicant’s thought balloon: “Do you mean you’re offering me the job? Why don’t you put it in writing so I can show it to my current employer?”

LESSONS FROM APPLICANTS
Interviews count the most in screening applicants. You should spend 90% of the time asking people how they would respond to a particular work situation that’s common in a BPO environment. You don’t need to read out the contents of CVs and repeat what’s in there.

Once again, don’t waste time asking old-fashioned and irrelevant job interview questions. Most applicants know how to ace them, particularly when with internet a readily available resource for job hunters. Instead, think of the best ways to uncover the signals applicants give off that might hint at how they will do their best in their jobs.

Learn from the applicants and not the other way around.

 

Have a consulting chat with Rey Elbo on Facebook, LinkedIn, or Twitter or you can send anonymous questions to elbonomics@gmail.com or via https://reyelbo.consulting

National Government Fiscal Performance

National Government Fiscal Performance (Aug. 2021)