Learn How To Turn P1000 into P100K +
Are you unemployed or underemployed? Unemployment and underemployment are two different states. To be unemployed refers to the total lack of work at a given point in time, whereas underemployment is the underutilization of labor.
In the Philippines, the National Statistical Coordination Board (NSCB) adopted the international standard measurement of unemployment set by the International Labor Organization (ILO). According to ILO, those who are “unemployed” comprises all people above a specified age who are without work, currently available for work, and seeking work.
Through NSCB Resolution No. 15, series of 2004, the Philippines has adopted a new definition of unemployment. As indicated in the said resolution, those unemployed in the Philippines include “all persons who are 15 years old and over who are without work, currently available for work, seeking work, and currently available for work but not seeking work for varied reasons.” However, this measure of unemployment does not include underemployment.
What is underemployment?
Underemployment generally means the underutilization of labor. Underemployment has three distinct meanings: underemployment defined as “underutilization of skills, under use of economic capacity, and under use of employed workers.”
Underemployment, in the context of the underutilization of skills, describes the employment of a worker with a high skills level employed in a low-wage job. A good example is a college graduate employed in waiting staff jobs. This may be a result of unemployment, which forces the person to be undiscriminating in looking for a job.
Underemployment, when referring to the under use of economic capacity, describes areas where economic activities are slow and low, resulting in the lack of training and job opportunities. Instead of seeking jobs, local residents may opt for economic inactivity.
Under use of employed workers is another form of underemployment, which is characterized by employing economically unproductive or under-productive employees. Commonly referred to as “over staffing,” this category of underemployment may be a result of stringent labor laws on lay-offs.
Sideline Jobs in the Philippines
To address various forms of unemployment and to augment income, Filipinos engage in sideline jobs.
With the continuing popularity of the Internet, many Filipinos are getting into online jobs such as web content writing, web copywriting, and webpage developing.
Another sideline job that Filipinos go into is sales and marketing. While working on full time jobs, Filipinos sell consumer products such as clothes, food, and even real estate properties. Many Filipinos are also into brokering as well as buying and selling jobs. They buy consumer products in bulk and distribute them in retail.
Tips on Finding and Keeping Sideline Jobs
If you’re into buying and selling and if you enjoy brokering jobs, the following tips may be helpful:
- Determine your interest. Are you interested in selling insurance? How about real estate? There are various types of broker jobs for you to choose from.
- Know the product that you’re selling. Whether you’re a business, real estate, or insurance broker, you must have a full understanding of the products that you’re selling.
- Know the rules and policies. You must have a firm grasp of the rules and policies in trading different products.
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