Associates is active in promoting the industries and companies we
serve. Examples of these activities are below.
PROMOTE OUR CLIENTS' BUSINESSES AND CAREERS."
+ 632 822 4129
of Chalre Associates are well known in their industries of focus
throughout the region of South East Asia. Their editorials
and interviews have been published by international media
organizations throughout the world. For an exhaustive
listing of their articles and speeches, go to the Publications
section of the Chalre Associates website.
CEO Forum is the largest regular business event in Philippines
and considered one of the most important in Southeast Asia.
The forum is organized by Chalre Associates for the spreading of
ideas that help executive managers active in the region.
CEO Awards is the largest business awards events in
Philippines with major sponsors like American Express, PLDT Alpha
Enterprise, Ford, Accenture, Teleperformance, KPMG, Jones Lang
LaSalle, NorthgateArinso and others.
CEO Awards highlights business achievement in Philippines and
promotes the nation as a premier business destination.
Abroad! Are You Crazy?
Rebecca Bustamante, President
seems to be a long held belief by Filipinos that working anywhere outside
Philippines is better career option than working within. In the past, there
were good reason for this. in other countries, there are more jobs and the
pay was better. As well, career advancement was said to be more independent
on performance rather than favoritism.
The results has been one of the greatest net movements of workers of any
nation in the history of world. Even today, a steady stream of Filipino
professionals leave Philippines for work elsewhere.
Steady that is, until recently.
Today, a reversal of this long-term trend is in the air. Career-minded
professionals are weighing the options of working abroad and more often they
are choosing to stay in the Philippines. An important turning point in the
country's history seems to be within sight.
The main reason for this changes has to do with an expanding number and
range of employment opportunities. Income levels are also rising and
opportunities for advancement are becoming more numerous.
To understand more reason for this, let's look at some key industries to
describe the most active contributors to the Philippine economy. The fastest
growing sector from an employment perspective is clearly Business Process
Outsourcing (BPO). From almost zero jobs a few years ago, there are now
close to 300,000 people working in this industry. Philippines is said to be
the fastest growing BPO destination in the world today. This monumental
growth opportunity has resulted in unrivaled opportunities for
professionals. It is common to see 26 year olds managing 100s of
white-collar professionals in this sector that is growing by 10,000 jobs per
and Electronics doesn't promote itself as well as the BPO industry, but it
growing at double-digit rates. Given that a short time everyone thought the
industry would move to China, this is significant. Today, Philippines is
confident of continuing growth for this huge industry that provides 60% of
export earnings. Texas instrument is a particularly interesting examples of
this confidence. The company one example of a company that choose
Philippines for new billion dollar project that will be the largest single
foreign investment in the history of the country.
Other sectors like mining are attracting interest from the world's premier
organizations. Typical projects of this people are 1$B in size and include
tremendous benefits to remote communities since they build roads, hospitals
and schools, in addition to providing jobs for thousands of people. One
Canadian company has plans to build a $3B refinery that will possibly be the
largest in the region.
Given that the entire foreign direct investment for all of the Philippines
was just was $1.1B as of a year or so ago, these are huge opportunities and
speak well of the country's near-term future.
Filipino's don't like President Arroyo but it seems clear that steady
progress is being made at improving the country. Gone are the regular mass
protests and coup attempts. Instead, we are getting used to a strengthening
peso and trade surplus. Even the country's fiscal deficit seems on track to
disappear over the new next few years.
Leaders of multinational companies in Asia have come to notice these
positive changes at a time when other countries aren't looking quite as
interesting as they did a short time ago. Thailand's military coup has been
disastrous for foreign investment. Other countries such as Vietnam and
Indonesia are said to be over-invested and China has lost some of its shine.
India, the main alternative for BPO services, is rapidly pricing itself out
of the market.
Given the alternatives, the situation Philippines looks downright appealing.
But, as everyone knows, Philippines has the less than stellar track record
in political stability. Nevertheless, the phrase, "sustainable
growth" is being heard about Philippines for the first time in a long
Everyone's situation is different but for professionals who are interested
in the career advancement in a dynamic environment, Philippines seems to be
the place to be.
(Rebecca Bustamante returned to the Philippines from Canada seven years
ago. She is President of Chalre Associates, one of Cancham's corporate
the article above
PDF format by clicking below.
& Management Consulting:
Associates provides its Executive Search & Management
Consulting services throughout the Asia Pacific region. We are
proactive and well known in our sectors of focus. Regional
Managers use us to help bridge the gap between local environments and
the world-class requirements of multinational corporations.