Salary Guide For Hiring Talent In The Philippines

When it comes to hiring remote employees, the Philippines is a popular choice for several reasons.

With a large population and a young workforce, the country boasts a vast pool of skilled talent.

Many Filipinos hold college degrees, particularly in fields like Business, Education, Engineering, IT, and Agriculture.

Another advantage is the comparatively lower wages and cost of living in the Philippines.

The average daily minimum wage ranges from PHP 290 to PHP 537.

Converting these amounts to USD based on the current exchange rate would be approximately:

PHP 290 to USD: $5.73

PHP 537 to USD: $10.64

The average minimum wage for the whole country is PHP 343.63 ($6.22) per day. Additionally, language proficiency is a significant factor.

English is widely spoken in the country, with approximately 90% of the population being fluent in the language. This lack of language barrier makes communication and collaboration easier for international employers.

In the Philippines, there are several popular job categories that attract job seekers and employers. These include:

  • Accounting Manager
  • Web Developer
  • Data Scientist
  • Test Analyst
  • Project Manager
  • Virtual Assistant
  • Sales Manager
  • Administrative Assistant

Among these, administrative assistance and virtual assistant roles are particularly in demand. Here’s an approximation of the average yearly salary for eight different positions:

When hiring employees in the Philippines, it is also important to consider the statutory benefits required by law.
Here are the mandated benefits: 
  • 13th-month pay

Employers must provide a payment equivalent to 1/12 of an employee's annual salary, prorated if they are not full-time. This is paid on or before December 24 or with the first December salary.

  • Annual/Sick Leaves

Employees are entitled to a minimum of 5 days of combined annual and sick leaves. Unused leaves are paid by the employer at the end of the year.

  • Social Security System (SSS)

All employees under 60 years of age and earning above PHP 1,000 per month must make regular contributions to the SSS. The SSS provides benefits such as maternity leave, sickness leave, disability coverage, retirement benefits, and funeral and death benefits.

  • Philippine Health Insurance Corporation (PhilHealth)

Employers must make contributions to PhilHealth, currently set at 3% of employees' monthly basic salary. The contribution rate increases by 0.5% annually.

  • Home Mutual Development Fund (HMDF/Pag-Ibig)

Contributions to the HMDF, also known as Pag-Ibig, are mandatory.

The contribution is 1% of the monthly basic salary for employees earning below PHP 1,500 and 2% for those earning above PHP 1,500. The HMDF provides savings programs and affordable house financing.

These benefits have a direct impact on the cost of hiring Filipino workers and should be considered when establishing employment agreements.

It's important to note that salary figures may vary depending on factors such as the level of experience, specific job responsibilities, and the employer's policies.

These numbers serve as a general indication of the average pay for virtual assistants in the Philippines.

Building the right tech stack is key

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How to choose the right tech stack for your company?

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What to consider when choosing the right tech stack?

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What are the most relevant factors to consider?

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What tech stack do we use at Technology?

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  3. Tortor id aliquet lectus proin nibh nisl condimentum. Congue quisque egestas diam in arculom

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