Thursday, September 27, 2007

Filipino diaspora moves up value chain

MANILA - A growing global search for English-speaking talent is greatly benefiting Philippine workers who pursue overseas opportunities and badly hurting the local companies and domestic economy they are in growing numbers leaving behind.

A recent study conducted by Grant Thornton International and Philippine accounting firm Punongbayan & Araullo found that 43% of Philippine companies rated the scarcity of skilled labor as the major impediment to their business-expansion plans. Last yearonly 15% of Philippine companies surveyed complained about a chronic lack of skilled labor. Full details

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