400 words essay about establishment of the department of overseas filipino workers?

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400 words essay about establishment of the department of  overseas filipino workers? ​

ProfessorMegs · Answer

The Establishment of the Department of Overseas Filipino WorkersThe Department of Labor and Employment's (DOLE) affiliated Overseas Workers Welfare Administration (OWWA) is a nonprofit organization that serves its members' needs. Overseas Filipino Workers (OFWs) and their families are protected, and their well-being is prioritized under this law.Workers' rights to a living wage, overtime compensation, freedom from discrimination in the workplace, and access to unemployment insurance are all protected by federal labor laws, which are enforced by the Department of Labor.Since the 1980s, overseas Filipino workers (OFWs) have been celebrated as Bagong Bayani (modern-day heroes) for their contributions to the stability of the Philippine economy through remittances, which in 2019 totaled USD 30 billion (PHP 1.56 trillion), or about 8% of the Philippines' USD 377 billion (PHP 19.52 trillion) economy.With one of the world's top five economies for receiving remittances, the Philippines is a prime example of the power of this phenomenon. There has been a dramatic increase in the amount of money being sent back home, and OFWs are to blame. The Philippines has seen an increase in remittances sent to the country.Our government has charged these organizations with assisting both prospective OFWs as they prepare to leave the nation and returning OFWs who have accrued significant financial and other obligations.Over the course of the previous few years, remittances from overseas workers have climbed gradually to exceed $25 billion annually. Since most of the money sent home by OFWs is used to purchase goods and services, it has a direct impact on local economies (the multiplier effect).In order to better protect and promote overseas Filipino workers (OFWs), the government of the Philippines created the Department of Migrant Workers (DMW) to coordinate all of the various government departments and inter-government organizations working on their behalf.Construction jobs in the United States have been a major source of temporary Filipino migration since the 1960s, when the U.S. government, military contractors, and civilian agencies first started actively recruiting Filipinos for these positions, according to the Philippine Department of Labor and Employment.Therefore, the current account surplus has increased thanks to these remittances, enhancing the country's balance of payments. The remittances of foreign workers in the Philippines are important not just on the national level but also on the personal level.Providing migrant workers with access to the labor market benefits both the migrants and the societies in which they settle. Generally speaking, migrant employees complement native workers and boost company investment, leading to higher economic output in regions that receive more migrants.Learn more about Filipino workers here:https://brainly.ph/question/2030994#SPJ2

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400 Words Essay About Establishment Of The Department Of Overseas Filipino…

The Establishment of the Department of Overseas Filipino Workers

The Establishment of the Department of Overseas Filipino Workers

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