The Philippines is one of the most optimistic and confident countries in the world when it comes to workplace opportunities and growth, according to a global survey by LinkedIn.

The LinkedIn Opportunity Index 2020 looked into what the people want and what barriers are standing in their way. After studying 22 markets and surveying 30,000 respondents worldwide, they found that the countries that were the most confident about gaining access to and pursuing opportunities were not the developed countries like the U.K. and Japan, which ranked among the lowest.

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Instead, they found that developing markets like India, Indonesia, China, U.A.E., and the Philippines are the most opportunity optimistic markets. The Philippines scored 111 on the index, which is above the average opportunity score. The lowest ranking countries are U.K., Spain, Italy, France, and Japan.

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It seems that the countries with weaker economies have the most optimistic workers, possibly due to the fact that they have much more to gain and the potential for great economic growth.

The Filipino Opportunity Outlook

Aside from being the fifth most opportunity optimistic market in the world, Filipinos were also found to have the fourth most optimistic outlook on economy over the next 12 months, outlook on personal financial situation over next 12 months, and quality of life in terms of happiness.

The Philippines also ranked sixth in terms of quality of life compared to parents, 11th on availability of in-market opportunities, and fifth in assessment on accessibility of opportunity in the next 12 months.

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Overall, Filipinos are the third most confident workers in achieving access, after India and Indonesia.

Despite having a developing economy, this optimism can be a sense of "resiliency," according to Ireneo Jr. Demecais, country director for Asean Youth Community. "Filipinos' positive outlook on life and the economy is an affirmation of how resilient we are as a people. It is in our culture to consciously choose optimism to surpass adversities," he says.

The Global Workplace

In the Asia-Pacific region, LinkedIn found that the people in the region crave for work-life balance more than any other region. Meanwhile, Gen Z and Boomers are more focused on doing what they love. Gen X and Millennials are more focused on having a good work-life balance.

Globally, workers across all regions believe that hard work, willingness to embrace change, knowing the right people, equal success to opportunity, and level of education are key steps to achieve success. The majority of people want to pursue their passions, but the opportunity gaps standing in their way are primarily financial status, difficult job market, age, lack of time, and lack of confidence.

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A couple of ways to overcome this is by creating more multi-generational workplaces composed of mentors and mentees to make each person valued no matter their age. LinkedIn also found that respondents with stronger and more diverse networks faced fewer opportunity gaps.  

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