There were still more Filipino workers hired in Metro Manila than those who were terminated in the third quarter of 2016.

 

The Philippine Statistics Authority (PSA) said in its LabStat report that the turnover rate of jobs in Metro Manila’s top enterprises registered the highest labor turnover rate in the third quarter of 2016 at 3.67 percent since 2011.

 

This means that employment in large enterprises in Metro Manila continuously grew in the third quarter of 2016 at 3.67 percent. It also showed that the registered turnover rate for the period was higher than the 3.20 percent and 2.30 percent recorded in the same quarter of 2015 and in the second quarter of 2016, respectively.

 

The PSA data also showed that the expansion rate is about three times than that of the replacement rate. The rate of accession or hiring of new employees at 14.10 percent surpassed separation rate of 10.43 percent resulting to the 3.67 percent difference.

 

This means that for every 1,000 employed, 37 workers were added in the enterprise workforce. Specifically, for every 1,000 employed, 141 workers were added due to either expansion or replacement while 104 workers were laid off or quit their jobs.

 

The 14.10 percent accession rate was mostly contributed by the expansion of business activities for the period at 10.88 percent which was 7.7 percentage points higher than the accession due to replacement of workers at 3.22 percent.

 

Most of the industries reported positive labor turnover rates ranging from 0.05 percent (water supply; sewerage waste management and remediation activities) to 20.79 percent (transportation and storage).

 

Among the major sectors, services posted the highest employment growth at 4.03 percent. This was mainly contributed by transportation and storage at 20.79 percent; accommodation and food service activities at 6.02 percent; administrative and support service activities at 5.10 percent; and other service activities at 4.87 percent. On the other hand, only education (-0.44 percent) has a negative labor turnover rate under this sector.

In the said period, the study observed that the people who quit their jobs at 7.94 percent outnumbered those who were terminated by their employers which is at 2.94 percent.

 

The highest separation rate was posted in the administrative and support service activities posted at 16.59 percent, wherein 14.05 percent was employee-initiated. This was followed by accommodation and food service activities at 11.49 percent, of which 9.47 percent was employee-initiated.

 

Generally, employer-initiated separations were higher in the industry sector. However, most of the industries in the services sector recorded higher separations initiated by the workers themselves except for three industries which were trade, education and health.

 

The Labor Turnover Survey (LTS) is a quarterly sample survey of enterprises conducted by the Philippine Statistics Authority (PSA) since the third quarter of 2002. The survey aims to capture “job creations” and “job displacements” in business enterprises based in Metro Manila by collecting quarterly data on accessions and separations of workers.

 

A total of 1,232 enterprises served as respondents to the Third Quarter 2016 Labor Turnover Survey. The sample enterprises were drawn from the 2015 List of Enterprises. The retrieval rate for this quarter was placed at 98.4 percent.
###celestemaring

Like
Like Love Haha Wow Sad Angry