The most successful recruitment agencies incorporate the principles in which the triple bottom line of People, Partner, and Principal work together, hand in hand to achieve the best results. Maintaining high ethical corporate standards and incorporating the recruitment regulations and criteria required to demonstrate a commitment to social responsibility is the key.
In this dissertation, the focus is on ensuring the win of the most precious bottom line metric in a successful recruitment campaign, “People”
As per the Stock Estimate of Filipinos Overseas in 2018 by Commission on Filipinos Overseas, we have about 9 million Filipinos working abroad and countless of them must go through a needle hole just to survive the financial demand of landing a job abroad.
While there is an abundance of talents expansive in the country, a number of skilled laborers attempt their fate abroad because of the financial requirements needed to land their dream job. While opportunities keep from popping out here and there, Filipinos are dubious to select only those offers that they can afford given their financial climate.
Economic capacity thwarts some skilled workers from vying a professional opportunity abroad. While there is no doubt that competitive candidates in the Philippines is in surplus, employers and recruiters should understand that there are limiting factors for global talents from pursuing a career outside of the country.
Apart from the cost of documentary requirements and miscellaneous fees for food and transportation, the prevalent burden among aspiring Overseas Filipino Workers (OFWs) is the weight of placement fees charged by some recruitment agencies.
Section 51 of the Revised Rules and Regulations allows recruitment agencies from charging a placement fee as approved by the Philippine Overseas Employment Administration (POEA). This is usually equivalent to a worker’s basic salary for a month that should be paid by the worker once an employment certificate is furnished.
In many reported cases, an amount of P80,000 to P120,000 are collected by some agencies even to domestic workers, which are exempted from this ruling. Apparently, recruitment fees or placement fees only led to exploitation of OFWs even before they went abroad. Majority of OFWs fly overseas with their feet buried in debt because of such charges.
In lieu with this, The Philippine Overseas Employment Administration released Memorandum Circular No. 03, stating all licensed recruitment agencies are suspended from processing household service workers from March 6, 2018, onwards, given the ballooning number of abuses among domestic workers.
Only 9 out of 1,500 recruitment agencies in the country don’t collect placement fees from workers. They usually charge it from employers, who must also shoulder a greater chunk of the costs to bring a worker to their country.
Many Filipinos decide to work overseas to gain better compensation and to improve the lives of their families left behind. Even if the price at stake is high, many of them could sacrifice even their own house or land title just to fund their way abroad.
Non-collection of placement fee is a public service for the majority of Filipinos who have not enough to shell out to pay for a job. This could mitigate the risks of debt bondage among OFWs. This also prohibits recruitment agencies from turning to the brink of exploitation.
Zero placement fee will need agencies to charge it from employers. This scheme will not just benefit the worker but the company itself because the worker would become happier and more productive in the workplace. Financial stress significantly affects productivity of an employee, so alleviating worries about money woes and supporting their financial wellness will not just benefit them, but the efficiency of service that they could render at your workplace.
Job offers with no placement fee would essentially factor out candidates based on their capabilities and experience, and not their financial ability to pay for a profession. A candidate’s capacity to fund his application doesn’t equate to his effectiveness and compatibility to vacancies.
Non-fee charging agencies would slightly cost more for client companies but along their ranks are attested undisputed producers of best workers and professionals to foreign markets. “No placement fee” tag, apparently, is an effective magnet to best-performing candidates.
These few agencies with no alike fees collected believe that reaching the green pasture doesn’t need to be as costly as it was, because there is a better option that recruitment agencies could offer the Filipino working class. No placement fee is true, and working abroad is not an impossible dream, especially for the less privileged portion of the society.
Even with few pioneering agencies like Rensol Recruitment and Consulting, who employs zero placement fee, efforts to enrich ethical recruitment in the market is on the works and the employer-paying market has been realizing the importance of non-fee charging agencies to the plight of underprivileged yet globally-competitive Overseas Filipino Workers (OFWs).
ABOUT THE COMPANY: Rensol Recruitment and Consulting, Inc. is the fastest growing recruitment agency in the Philippines. A career consultant that aims to go above and beyond the level of expectations of both the aspirations of the candidates and the dream team standards of employers through providing exceptional opportunities and unparalleled quality-driven recruitment services.
Upon finishing a journalism degree with flying colors, he has discovered his niche as a freelance journalist in a health and lifestyle journal, a travel magazine, a science blog, multiple news websites, various advocacy blogs, and a social entrepreneurship network. His innate affair with writing eventually brought him to the business of recruitment and human resource. A writer and an advocate at heart, serving people through his capacity for words has been his passion.