The longing for home

THE Filipino diaspora has long been characterized by the resilience and determination of our overseas workers. While these global citizens boost the economies of their host countries, the desire to reunite with family and return home to the Philippines often looms large.

In a recent survey conducted by recruiter Robert Walters, it was revealed that an increasing number of overseas Filipino workers (OFWs) want to return to the Philippines within the next five years. Fully 62 percent of them intend to do so.

The longing for home

This figure represents a rise from 2021 when 54 percent of respondents were thinking of coming back to the country. The survey covered 120 overseas professionals across various industries: banking and finance, information and communication technology, consumer and retail, manufacturing, digital, and e-commerce.

While the desire to return home is increasing, concerns about the difference in compensation and benefits, as well as a perceived lower standard of living in the Philippines, lead some professionals to hesitate about coming home.

Why the reverse movement from the land of milk and honey to the old homeland?

The desire is driven by wanting to be closer to aging parents and family (56 percent) and a strong emotional, social and cultural connection to the Philippines (44 percent). Additionally, 65 percent consider the country’s economic situation when deciding to return.

On the other hand, 30 percent don’t want to return because of economic stability, with 38 percent expressing reluctance due to economic concerns. Fully 80 percent think that the economy is more stable overseas.

Factors like a more favorable salary-to-cost-of-living ratio abroad (60 percent) and better government initiatives and incentives in foreign countries (47 percent) contribute to the hesitation.

Salaries in the Philippines remain a significant concern, with 75 percent emphasizing differences in compensation and benefits. Over half (56 percent) highlight the lower standard of living conditions as another barrier.

Robert Walters Philippines Director Alejandro Perez-Higuero sees the growing number of overseas professionals returning as an opportunity for local employers.

These returning professionals often bring enhanced technical skills and a more adaptable mindset, honed by their international experiences. Perez-Higuero suggests that hiring managers explore creative strategies to secure talent that aligns with their organization’s needs, as the desire to return home presents an opportunity for organizations to tap into this skilled talent pool.

Coming home will also lessen the social cost of the overseas Filipino worker’s life, which sometimes leads to alienated children, fractured families, and overspending on the part of family and relatives just waiting for their monthly dole-outs.

How can OFWs shorten their stay overseas and return more quickly?

One, invest in skills development and get relevant certifications. By staying updated with industry trends and getting recognized qualifications, workers enhance their employability in the local job market. The government and private organizations can collaborate to provide training programs and certifications, aligning them with the country’s evolving economic landscape.

Two, encourage entrepreneurship among OFWs, which can be a powerful catalyst for their return. The government can initiate programs that provide financial assistance, mentorship and resources for OFWs aspiring to start their own businesses. This not only fosters economic growth at the grassroots level but also creates a conducive environment for OFWs to become successful entrepreneurs, contributing to the nation’s prosperity.

Three, government must create a favorable business environment. Streamlining bureaucratic processes, offering tax incentives and ensuring legal protection for investors are crucial steps. Additionally, establish investment forums and platforms to connect returning OFWs with potential business opportunities, fostering a sense of security and confidence in investing in their home country.

Four, equipping OFWs with financial literacy is paramount to ensuring a successful return. Many OFWs face challenges managing their finances effectively, leading to delayed repatriation. Government and nongovernmental organizations can collaborate to provide comprehensive financial education, empowering OFWs to make informed decisions about saving, investment and wealth management.

Returning home after years of living abroad can be a daunting experience, socially and psychologically. Establishing support networks that address the unique challenges faced by returning OFWs, such as cultural readjustment and reverse culture shock, is essential. Counseling services, community programs and reintegration initiatives can contribute significantly to a smoother transition for OFWs returning to the Philippines.

If these things are done, then coming home will be more sweet than bitter for our Filipinos overseas.