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Sunday, November 06, 2016

Every OFW Should Have an Exit Plan and Here's Why

  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.    ©2016 THOUGHTSKOTO

Saudi Arabia has the largest  number of  Filipinos working in different sectors.
Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them.
Being an unfamiliar territory with strict rules and laws,
working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year,
a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school.
Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future.
But there is no permanent in life except "change".
And change always cost something.

Saudi Arabia has started Saudization  since 2011.
‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth.
With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs.
In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector.
In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs.
In the automobile sector,they are expecting 9,000 jobs for citizens.
In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.

This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes.
The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient.
Every OFW needed to be prepared.

Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.

"Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.
  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.    ©2016 THOUGHTSKOTO

Bringing family in the job site unless the wife or husband is employed should be avoided.
  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.    ©2016 THOUGHTSKOTO

When preparing for vacation, an OFW must have "his and his family" an expenditure plan.
  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.    ©2016 THOUGHTSKOTO

"Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.
  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.    ©2016 THOUGHTSKOTO

 Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.

"Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa."
"On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.
  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.    ©2016 THOUGHTSKOTO

Being an OFW for years, how much do you actually save? 
Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas.
The key word is save, save and save.
  Saudi Arabia has the largest  number of  Filipinos working in different sectors. Overseas Filipino Workers (OFWs) in Saudi Arabia can be found working in hospitals, restaurants, construction and oil companies, schools and  even in houses as household service workers among others. Saudi Arabia has become a home for most OFWs, some even brought their families to live with them. Being an unfamiliar territory with strict rules and laws, working in the Kingdom has become the bread and butter for most OFWs who were not given an opportunity in their  own country to find a decent job with enough earning for their families.Every year, a big number of OFWs  try their fate and gamble just to have a job that can feed their families and send their kids to school. Aware of the risks, OFWs still come to the Kingdom bearing the burden to provide their families with a better life and better future. But there is no permanent in life except "change". And change always cost something. Saudi Arabia has started Saudization  since 2011. ‘Saudization’, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels. It calls for an increase in the share of Saudi manpower to total employment and for expanding work opportunities for Saudi women and youth. With the implementation of this changes, many expats  including OFWs  are under the risk of losing their jobs. In a report dated August 9,2016 by Arab News,The Ministry of Labor and Social Development plans to nationalize all health jobs in the Kingdom in collaboration with its counterparts. Saudization will not be limited only to the pharmaceutical sector. In the pharmaceutical sector alone,they are expecting 15,000 jobs that can be made available  for the Saudi Nationals --it translates to 15,000 expats which include OFWs that will lose their jobs. In the automobile sector,they are expecting 9,000 jobs for citizens. In March this year, the ministry made a decision that forbids non-Saudis from selling and maintaining mobile phone devices and accessories. The ruling was made in collaboration with the Ministry of Commerce and Industry, Municipal and Rural Affairs and Communications and Information Technology.  This is really happening and it is hitting the expats hard and fast.You need to be ready when it comes. The Duterte government, The POEA, and OWWA formulates reintegration programs to help the OFWs, especially those who will be hit by retrenchments due to an unavoidable circumstances including Saudization, but it will not be sufficient. Every OFW needed to be prepared. Mr. Loreto  B. Soriano, a former OFW in Saudi Arabia and the CEO of LBS Recruitment Solutions has some useful  insights on how to plan your return.  "Its a long range plan so OFWs must have their own plan too.  And the plan must start with increased capacity to reduce expenses by himself in the jobsite and his family then augment with increased effort to save more monthly, " Mr. Soriano said.   Bringing family in the job site unless the wife or husband is employed should be avoided.   When preparing for vacation, an OFW must have "his and his family" an expenditure plan.   "Pag mag- exit naman but balak pang mag-abroad. Dapat may financial plan to cover the days, weeks, months na un-employed siya and without income. Where shall fund come if the emergency fund is exhausted- without touching the savings in the bank 'coz the savings is for the family, " he added.    Saudi has been deeply planning its exit from depending on migrant workers. We know it will take them time, maybe 10-15 more years...  at least, they are better off in adopting a "long range exit plan" compared to us in the Philippines. We always believe, we are badly needed, we are the best, and we keep on postponing to sit down or probably we are afraid to acknowledge the truth. I appeal we must start to craft our "exit strategy and plans" from over dependence on overseas migration and OFW remittances." Mr. Soriano stated.  "Their exit plan start with no extension of residence permit of those with 10years employment stay in Saudi. No valid residence permit-no recontract, no re-entry visa." "On the health sector in Saudi the loss of jobs from Saudization maybe slower compared to other sector.." he said.   Being an OFW for years, how much do you actually save?  Due to lack of financial knowledge, most OFWs remain broke after years of working hard overseas. The key word is save, save and save.   When something unexpected happens, you must be ready. You needed to be prepared.

When something unexpected happens, you must be ready. You needed to be prepared. 

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China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas  China is offering up to P100,000  a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is  around HK$4,310 per month.  Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income.  DOLE is expected to have further negotiations on the launch date with a delegation from China in September.   according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children.    Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize.  There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal.   Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are  presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More:  The effectivity of the Nationwide Smoking Ban or  E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it.  President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection.    The smoking ban includes smoking in places such as  schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and  gas stations which are prone to combustion. The Department of Health  urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.   Read More:          ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health  urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.          ©2017 THOUGHTSKOTO

Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.

©2016 THOUGHTSKOTO