Amat, Hazel Dianne M.; Cadorna, John Albert; Malapad, Lorimar G.; Palisoc, Angel Lyka V.; Tubera, James Andre L.; Veleña, Charles Thomas P.
Assessing the socioeconomic impact of senior citizens in the labor market of the fast-food industry in the City of Manila
- Business Research: (BSBA major in Business Economics) - Pamantasan ng Lungsod ng Maynila, 2023
ABSTRACT: This study investigates the socioeconomic impact of senior citizen employment in the fast-food industry in the City of Mania, particularly in relation to Ordinance No. 8598, which mandates age-inclusive hiring. With the rise of an aging population in the Philippines, the study examines how work engagement factors-health, consumption, and employment benefits-affect workforce stability, business productivity, and community development. Quantitative-descriptive research was utilized. Data were gathered through structured questionnaires distributed to 53 purposively selected senior citizen employees working in various fast-food chains in Manila. Data analysis involved descriptive statistics, regression analysis, and moderation testing using IBM SPSS. The research is anchored in Modigliani’s Life-Cycle Consumption Theory, which explains the economic motivation of senior citizens to continue working due to inadequate savings and rising expenses. Results show that health, consumption, and employment benefits significantly influence work engagement, which in turn impacts socioeconomic outcomes. Motivational factors such as financial stability, personal fulfillment, and social interaction moderate these effects. Despite their contributions, challenges like limited healthcare access and insufficient benefits persist. The study recommends improving workplace policies, providing ergonomic adjustments, and offering targeted incentives to support a more inclusive and sustainable environment for senior employees.