Changing Supply, Demand & Mismatches
The education system in the Philippines was generally able to supply the hard skills (technical skills such as machine operation, welding) and soft skills (e.g. functional literacy and numeracy) need to meet the skills needs of the economy to capture a growing share in the service sector production globally.
However, in recent years, the alignment between the supply of skills and demand has converged with an increasing impact on the occupational profile shift of employment preference, the technological advancement which driving demand for advanced skills and regional integration.
Skills mismatch will likely worsen to rely on the old model of skills supply its economic and technological “catch-up” in recent decades.
& the organisations know they need to move further and faster.
The questions are how sustainable the cost arbitrage association with a captive centre and what are the factors that affect the total cost of savings in in-house offshore centres? Discuss.
Head of Human Resources
3M Global Service Center Philippines
Country HR Head