BIL thought leadership

Since the turn of the decade, millennials have been a growing presence in the Philippine workforce. According to the April 2016 Labor Force Survey by the Department of Labor and Employment, 44.3% of the Philippine working class solely belong to the millennial generation. The generation has also already entered middle and senior level management positions. A PriceWaterhouseCoopers (PWC) study published that, by 2020, millennials will form 50% of the workforce all over the world.

This means that your business' growth in the coming years will depend on how you can leverage this millennial workforce.

Bea Lim, managing director for strategic integrated marketing communications agency TeamAsia, says in a recent talk that by creating an empowering corporate culture, millennials will be encouraged to take bigger responsibilities in your organization - which helps the company achieve its goals in the long run.

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By James Michael Chiong

We live in a world where companies have finally recognized that humans are the most important assets that they have. Resources for Humans affirms that “Employees are appreciating assets and as you nurture them, their growth will enable your company’s growth as well.” A talented workforce constantly strives for enrichment and empowerment to find value in their jobs. Recent surveys among organizational development groups, say that more or less 40% of employees leave their current positions within the year because of poor training, and the lack of skills development programs within their companies. Moreover, in a study by Udemy, “46% of employees cite limited opportunities to learn new skills as the top reason why they are bored in their current roles and looking for a change.” Because of this, companies will have to rethink and strengthen their employee engagement strategies and focus on sustainable training and development plans to retain their talented workforce.

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The fourth quarter of any fiscal year can always be a hectic and stressful time for people in sales, with numbers to keep up with. After all, sales is a game of numbers, with targets to hit and quotas to fill. The adage “you’re only as good as your last sale,” paints a rather telling picture of how fast-paced and cutthroat this field can be.

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Team buildings have become part and parcel of many companies’ calendar of activities for the year. While they vary from each organization, there is a common element to most team buildings - that once-a-year event (usually held in the summer) where the company ceases majority of its operations to engage its employees in activities, to develop teamwork, collaboration and camaraderie among the company’s workforce.

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TeamAsia Training Masterclass: Powerful Presentations with Ma’am Monette Iturralde-Hamlin

By Kaye Chua

Ever since I was a kid, I have been constantly trying to overcome my fear of talking in front of a lot of people. When I graduated from preparatory school, I delivered my speech with my head bowed down because I was too shy. I joined a storytelling competition when I was in elementary and I got lost in the middle of what I was doing that I literally wanted to burst into tears while I was onstage in front of all the students and teachers.