An amendment has been proposed to allow alternative work setups under a law aimed at rejuvenating the post-pandemic economy. This move is seen as a pivotal strategy to draw in top-tier talent to the information technology and business process management (IT-BPM) sector, according to Jack Madrid, the President and Chief Executive Officer of the IT and Business Process Association of the Philippines (IBPAP).
The modification to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act is viewed as a progressive step that could significantly enhance the appeal of the IT-BPM industry amidst the evolving landscape of work dynamics brought about by the COVID-19 crisis.
Madrid emphasized that the flexibility introduced by this amendment would not only cater to the changing preferences of the modern workforce but also position the Philippines as a competitive hub for global talent in the IT-BPM domain. By accommodating alternative work arrangements within the legal framework, the industry aims to harness the full potential of skilled professionals, thereby fostering innovation and sustainable growth in the sector.
The ability to offer diverse work setups, including remote work options and flexible schedules, is anticipated to create a more conducive environment for both local talents and foreign experts seeking opportunities in the Philippine IT-BPM industry. Madrid underscored the importance of adapting to emerging trends in work practices to remain agile and attractive in the eyes of prospective employees.
With the unprecedented challenges posed by the pandemic, organizations across various sectors have recognized the need to redefine traditional modes of work to stay resilient and competitive in the new normal. The proposed amendment to the CREATE Act aligns with this paradigm shift, signaling a proactive approach by the IT-BPM industry to embrace change and drive sustainable development moving forward.
In conclusion, the amendment enabling alternative work arrangements represents a strategic maneuver by the IT-BPM sector to not only address the immediate demands of the post-pandemic era but also to lay the groundwork for long-term success and resilience in a rapidly evolving global landscape. By prioritizing flexibility and adaptability, the industry aims to cultivate a vibrant ecosystem that fosters innovation, collaboration, and continued growth in the years to come.
