ECOP concerned over growing underground economy

  • Page Views 1316
  • Employers called on the need to stem the growth of the underground economy as small businesses that join the formal sector would not only provide protection for their workers but would also encourage job generation.

    “Employers must develop a modus vivendi to avert the growing informality of business and encourage the growth of entrepreneurs in the MSME (micro, small and medium enterprises) sector,” said the draft resolutions of the Employers Confederation of the Philippines (ECOP).

    The final version of the resolutions will mark the conclusion today of the two-day 40th National Conference of Employers at the Marriott Hotel.

    Statistics on the number of workers in the informal sector vary. But according to a study of the International Labor Organization, workers in the informal sector stood at 22.71 million in 2017, even higher than the 17.62 million employed in the sector.

    But of that number, more than half are self-employed, 3,8 million are unpaid family workers and 6.5 million work in precarious employment.

    It is those 6.5 million workers who are a cause of concern. As defined precarious employment is, non-standard employment where pay is poor and workers are mostly unprotected.

    ECOP said as the business environment evolves because of economic, technological and geo-political developments, “employers… must collaborate with all social partners in developing more balanced policies that will ensure the security of tenure of workers, and at the same time ensure business sustainability through the adoption of more flexible work arrangements.”

    The group also said creative strategies like massive up-skilling and re-skilling and industry-academe collaboration should be adopted to “develop a truly competitive and highly-skilled Filipino workforce” that would mitigate threats of job losses and skills obsolescence due to these changes.

    ECOP urged the government to adhere to genuine sectoral representation as provided for in Republic Act No. 10395 or the “Act Strengthening Tripartism, Amending for the Purpose Article 275 of the Labor Code of the Philippines which it said should be upheld “in all levels of decision and policy making.”

    At the same time ECOP urged employers to trengthen bipartism as an added modality of social dialogue both at the enterprise and national levels in the pursuit of industrial peace and harmonious labor-management relations.(Malaya)

    Share

    New Posts Recently publish post More

    • 20 March 2023
      18 hours ago No comment

      Ramon Dean Segui – Artsy Candles

        Moving to Canada as a young adult poses many obstacles but also offers many opportunities. Ramon Dean Segui discovered this when he came to Vancouver in 2019 when his family migrated. He went to work right away and instantly appreciated the feeling of independence one gets when given ...

    • 20 March 2023
      19 hours ago No comment

      Yulo back home, ready to promote gymnastics

        MANILA, Philippines – World Cup multiple gold medalist Carlos Edriel Yulo flew back home to the country Tuesday night to personally spread the word of gymnastics to the Filipino youth seeking glory the same way he did in reaching the top. “He arrived last night (Tuesday),” said Gymnastics ...

    • 20 March 2023
      19 hours ago No comment

      Tenzin (PG)***

        Blocked!   By Robert Waldman     Poor China. The People’s Republic just can’t seem to catch a break. Sure, I’m being facetious here. Caught flying with their pants down over the spy balloon affair and caught red-handed with their currently exposed efforts over the past two elections ...

    • 20 March 2023
      19 hours ago No comment

      Community mobilizes for Filipino cultural centre in Vancouver By Carlito Pablo

        A movement has begun to finally realize the development of a Vancouver-based Filipino cultural centre in B.C. At the forefront of the mobilization are grassroots community organizations, starting with the One Filipino Cooperative of B.C. (One FilCo-op) and its sister organization, the Fil-Cooperative One Housing Society. The movement ...

    • 20 March 2023
      19 hours ago No comment

      US Ambassador pays courtesy call on GMA Network Chairman & CEO Gozon

        US Ambassador to the Philippines MaryKay Carlson paid a courtesy call on GMA Network Inc. Chairman and CEO Felipe L. Gozon on March 9, at the Kapuso Network’s headquarters in Quezon City. With Ambassador Carlson were Press Attaché Kanishka Gangopadhyay and Press & Media Specialist Camille Conde.  Meanwhile, ...

    %d bloggers like this: