OECD sees risk in putting too many resources in BPO sector
The Organisation for Economic Cooperation and Development (OECD) has lauded Cebu’s jobs market performance given the high education and skill level of its workforce. However, OECD-Local Economic and Employment Development program senior policy analyst Jonathan Barr said the focus should not be mainly on promoting and expanding the business process outsourcing (BPO) sector as recent OECD study showed there is a risk of devoting too many resources. He said it is also important to work with other sectors of the economy, such as retail, health and educational services to boost the quality of jobs on offer. Among the recommendations cited in the OECD study on employment and skills strategies in the Philippines is for employers to be more engaged in hiring and training services to promote job generation.
