The ongoing economic downturn has led to shifts in spending behavior, attitude, and actions for 84 percent of Filipinos engaged in part-time employment, according to startup market research firm Agile Data Solutions, Inc.
“We see an increasing number of Filipinos, particularly the younger generation, seeking part-time employment as a means to bolster their income and attain financial stability. This trend is further driven by the prevailing economic challenges and inflation, which reached 6.1 percent in September,” said Agile Data Solutions chairman and CEO Jason Gaguan.
With 1,000 participants, the study revealed that 60 percent of Filipinos are involved in some form of part-time work, with younger Filipinos being the most involved.
About 78 percent of men and 76 percent of women with part-time jobs expressed a necessity to save their income. This trend is more noticeable among Generation Z and millennials, who are reportedly shying away from buying non-essential products.
Part-time workers across different regions are reportedly earning as much as P10,000 per month. This data is highest in CALABARZON, NAtional Capital Region and Central Luzon.
The study also found that in terms of juggling multiple part-time jobs, women are likely to have a single part-time job, while men are more inclined to have two or more part-time positions.
Call center roles top the list of part-time positions that Filipino workers look for, closely followed by virtual assistant roles, service crew positions, information technology roles, and sales positions, respectively.
The study also revealed a shift in values and priorities among different generations. Specifically, financial independence takes precedence for 83 percent of Gen Z compared to just 76 percent of older generations.