TRABAHO Partylist champions standardization of non-wage benefits
Amidst reports of ongoing employee retention challenges, TRABAHO Partylist spokesperson Atty. Mitchell-David L. Espiritu reiterated their platform to standardize non-wage benefits as a key solution for improving worker retention and business sustainability in the Philippines, aside from decent wages and improved job quality.
Recognizing the need for reforms, TRABAHO Partylist has consistently advocated for the establishment of standardized non-wage benefits across various industries. The proposal aims to offer employees more consistent and equitable access to benefits such as healthcare, paid leave, childcare assistance, transportation subsidies, and retirement plans. By standardizing these benefits, workers can feel more secure in their employment and better supported in managing personal and family responsibilities, added Atty. Espiritu.
A recent report highlighted the continuing struggles businesses face in retaining workers, with many employees leaving their current jobs in search of better opportunities. Factors such as workplace dissatisfaction, lack of career growth, and inadequate employee benefits have contributed to this trend.
By ensuring that workers receive comprehensive and standardized non-wage benefits, Atty. Espiritu argues that businesses will not only boost employee morale but also gain a competitive edge in retaining talent. Additionally, companies can save on the high costs of recruitment, training, and onboarding new employees, which can be particularly costly for small and medium-sized enterprises (SMEs).
As the Philippine labor landscape continues to evolve, TRABAHO Partylist envisions a future where businesses and workers alike can thrive through a mutually beneficial relationship fostered by fair, standardized benefits for all employees.
