Average Salary in the Philippines – A Complete Guide

What better country to move to than the Philippines if you want to live and work abroad? So many people (especially from Spain, USA, China, and Malaysia) are integrating themselves into the local scene as expats in the Philippines because of the country’s distinctive culture, stunning natural areas to explore, abundance of things to do and see, expanding economy, and tropical environment.

The country’s official currency is the Philippine peso (PHP), which as of 2019-12-06, is equivalent to 0.020 US dollars (USD). When trying to create a living in the Philippines, there are a number of factors to consider, but first: What is the typical wage in the Philippines?

In this nation, salaries for salaried positions average $992.19 per month or $11,906.42 annually; hourly jobs average $5.73 per hour. These numbers represent gross salary, making an average monthly salary after taxes of $288.35. The cities of Quezon City, Manila, Davao, and Kalookan, in that order, pay the highest salaries in the nation.

In the Philippines, it might be challenging to find work, but for foreigners, it can be downright impossible. Due to heavily crowded cities, you will not only have to contend with tight immigration regulations but also fierce local rivalry. However, despite the challenges, you can work in the Philippines if you have the correct skill set and strong academic credentials.

Locating a job before relocating is preferable, so start your search early. Getting a work visa can be significantly simpler if you have a Philippine company sponsor you. This comprehensive reference to living and working in the Philippines provides current details on the local economy, the cost of living, available jobs for foreigners, and anything else you need to know about making money there. So let’s get started without further hesitation.

How Much Does an Average Person Make in Philippines?

The typical monthly salary in the Philippines for an employee is 44,600 PHP. From 11,300 PHP (the lowest average) to 199,000 PHP, these are the salaries (highest average, the actual maximum salary is higher).

The average monthly salary includes housing, transportation, and other amenities. However, the salaries for various professions vary greatly. See the salary for various job titles below if you’re curious about the pay for a particular position.

The average yearly salary for a worker in the Philippines is around 535,800 PHP, with the lowest average salary being around 136,200 PHP and the highest average salary being 2,389,200 PHP. Based on your experience, region, abilities, and gender, salaries will vary greatly. To find more information about any of these topics, continue reading below.

Here are some typical professions and their average yearly wages in the Philippines, which can help you understand salary in the Philippines even better:

·         Accountant – $7,803

·         CAD drafter – $8,945

·         Cashier – $6,767

·         Chef – $9,691

·         CEO – $25,522

·         Computer technician – $9,000

·         Creative director – $11,950

·         Developer/programmer – $10,472

·         Engineer – $10,133

·         General Manager – $20,908

·         HRM – $15,320

·         Internal auditor – $11,596

·         Nurse – $8,720

·         Project manager – $12,858

·         Receptionist – $6,370

·         Sales representative – $7,272

·         Teacher – $8,600

·         Travel agent – $9,195

·         Waitstaff – $6,587

After looking at average earnings by profession, it’s critical to remember that, in addition to other factors like educational background, professional experience, workplace location, working hours, and industry, salaries also depend on the type of employment. For example, the pay of persons employed in business and big cities is generally higher than those employed in secondary cities. Additionally, people who have higher-level jobs typically receive better salaries, perks, and work environments. On the other hand, low-skilled workers typically earn the federal minimum wage, have no job security, and frequently work long hours or in dangerous areas.

Economic Outlook

The Philippines’ economy has recovered from the Great Recession and is doing better than most of Asia. Since then, it has consistently seen tremendous development. Recent industrialization of the nation saw the main economic activity move from agriculture to industry and services. Despite having a robust economy, the nation still has significant levels of poverty and debt. But at 5.40%, unemployment is declining, which is encouraging for job hunters.

Due in part to the low cost of labor, this nation is attracting the attention of foreign investors looking to establish themselves in Asia. In addition, the Philippines has been a well-liked choice for foreigners searching for work overseas as a result of the country’s economic expansion and the presence of worldwide firms.

Distribution of Salaries in Philippines

We have thus examined the average salary in the Philippines. The distribution of salary is the following relevant data point.

Salary ranges

We already know that the average annual salary in the Philippines is between 136,200 PHP and 2,389,200 PHP. In statistics, this is referred to as the range.

The gap between the maximum and minimum values is a good measure of salary variability and can be used by employers and employees to determine how much they can anticipate pay.

Median salary

In the Philippines, the average annual wage is 578,500 PHP. In the distribution of salaries, this value sits in the middle.

Approximately 50% of the population earns less than 578,500 PHP, and 50% of the population earns more than 578,500 PHP, according to this statistic.

A strong indication that you are getting paid well is if your income exceeds the median salary. Therefore, your aim should be to grow your wages so that they are at least as high as the median salary if you are not currently earning more than that amount (which you can do by asking for a pay rise, looking for a better pay job, etc.).

Percentiles

Similar to the median wage, percentiles examine the values at the top and bottom of the distribution rather than the middle number.

25% of people in the Philippines make less than the average annual wage of 320,500 PHP, while 75% earn more than that.

25% of people earn more than 1,606,100 PHP, while 75% of people earn less than this amount.

The 25th and 75th percentile salary can be used, like the median salary, to identify which quartile you belong to, letting you know whether your pay is adequate relative to others in your field and area.

(Said amount is expressed in Philippine Pesos and converted to US Dollars)

In the Philippines, the yearly average wage was PHP 161,847.60 ($3,218).

The Philippines’ annual median wage was PHP 655,200 ($12,955). The median indicates the average of all incomes taken into account, whereas the average is calculated by dividing the total by the number of salaries taken into account.

Filipino BPO workers received an annual compensation of PHP 375,000 ($7,395) on average.

The average annual family income in the Philippines is PHP 313,000 ($6,231.27).

An average family in the National Capital Region made about PHP 460,000 ($9,157.78) per year.

Salary by Experience Level in Philippines

The amount of years of experience you have after entering a particular job is the most crucial aspect in deciding your income. Therefore, it makes sense that a larger salary would be earned with more experience.

Employees between two and five years on the job should anticipate making about 35% more money than those just starting in a junior position. This average applies to all business sectors and career paths.

The average salary rises by a further 20% for those with ten or more years of experience and another 15% for those with fifteen years or more.

Salary by Education Level in Philippines

Your education significantly impacts how much money you can make and your job experience. High levels of education are necessary for many higher-paying jobs, but how much can they boost your pay?

To determine how much more money is available at each education level, we compared the earnings of workers in the same job and career level with various levels of education.

Your location and the job path you choose will significantly impact the pay you may expect to earn depending on your degree. For example, employees with a post-secondary certificate or diploma can anticipate making about 17% more money than those who merely attended high school.

If you have a bachelor’s degree, you may likely make about 25% more money than someone who merely has a certificate or diploma. On the other hand, your salary as a professional with a master’s degree would be roughly 30% greater than that of a bachelor’s degree holder.

Employees with a Ph.D. may expect to earn about 22% more money for the same job than those with a master’s degree.

Salary compared by gender in Philippines.

Today, there should be no longer be a gender imbalance between male and female employees. Men are expected to make much less money than women in the same positions in several occupations. Male workers in the Philippines make an average salary of 557.390 PHP, while female workers make 499.90 PHP. In every profession, the average male salary is 14% greater than the average female salary.

How much is a master’s degree or MBA program in Philippines?

A master’s degree or post-graduate program like an MBA typically costs between 223,000 and 669,000 PHP and takes two years to finish in the Philippines.

As you can see above, earning a master’s degree has financial advantages, but you shouldn’t anticipate a significant salary rise until you have finished your degree.

People frequently enroll in MBA programs or other post-graduate courses to pursue higher-paying positions. So when you change jobs, you can typically anticipate earning about 10% extra money.

Several factors will determine if you opt to pursue a master’s degree. First, the statistics show that, if you can afford it, the return on investment is worthwhile and that, thanks to the income boost you would receive, you could pay back the costs in a few years.

Salary Compared by Gender in Philippines

We know there should never be a pay disparity between men and women in the present era. But sadly, there is still a large pay gap between men and women in many industries when comparing their incomes for equivalent positions.

Male employees in the Philippines make an average salary of 571,300 PHP, while female employees make 499,300 PHP.

This indicates that, across all occupations, males typically earn 14% more than women for doing the same job.

Average Pay Raise in Philippines

Employees are sometimes given a yearly salary boost in various nations to say “thank you” for their service.

A person in the Philippines receives an average salary increase of 8% every 18 months. In this instance, it is clear that there are more than the usual 12 months between average salary increases.

Using a straightforward method, we can determine the approximate annual pay boost to give the data more context:

Annual Increase = ( Increase Rate ÷ Months ) × 12

Average Salary In Manila

Manila (the National Capital Region) has developed into the hub of the Philippines’ economic expansion and foreign investment as the nation’s capital. If you know where to search, there are a variety of intriguing opportunities waiting for you in this vibrant city, which has proven to be receptive to foreign workers.

The typical salary range in this city is $160.30/month (lowest) to $5,245/month (maximum), with a median salary of $1,161/month. The average hourly rate is $6.83, with a monthly salary of $1,184.50 and a yearly salary of $14,212.81.

Given that this is the gross salary, the average monthly take-home pay will be $391 after taxes and other mandatory deductions like health insurance. The average salary is a wonderful starting point, but it doesn’t represent what every worker in this city makes. These numbers will still differ based on a person’s career, credentials, company, and industry.

Given the low cost of living, salaries in Manila may not be as high as those in Western and European nations, but they are the highest in the nation and will still allow you to live comfortably.

Manila’s Economy And Job Market

The city’s economy is fairly varied and primarily defined by manufacturing and trading a wide range of goods, including chemicals, textiles, footwear, and coconut oil. Numerous international enterprises, NGOs, and independently held businesses have headquarters here, which is regarded as the entryway to Southeast Asia. Bonifacio Global City, Ortigas Center, Alabang Business District, Makati Central Business District, Eastwood City and Binondo district (Chinatown), and Rockwell Center are only a few of the city’s financial and commercial hubs. Therefore, the most likely venues for expats to obtain employment are in these sectors or businesses.

Bonus and Incentive Rates in Philippines

How much of a bonus you get at work is another factor in your overall pay. Certain employment roles will have more excellent bonus rates and a higher likelihood of paying bonuses than others.

In general, jobs that involve more direct revenue will get bigger bonuses based on how well they achieve their revenue targets.

In the Philippines, 55% of workers said they had gotten at least one bonus during the previous 12 months. However, in the previous 12 months, 45% of respondents said they had yet to earn any bonuses.

The reported bonuses for the employees who did earn bonuses over the previous 12 months ranged from 2% to 7%.

Bonus Rates by Industry in Philippines

The chart below will give you an indication of which careers pay the most bonus.

Finance

High

Architecture

High

Sales

High

Business Development

High

Marketing / Advertising

High

Information Technology

Moderate

Healthcare

Moderate

Insurance

Moderate

Customer Service

Moderate

Human Resources

Moderate

Construction

Low

Transport

Low

Hospitality

Low

Annual Pay Raise by Experience in Philippines

The average annual wage increase depending on employee experience level is another option. Employees with greater experience typically obtain pay raises that are more than average in this area. Again, this is because it is simpler, more cost-effective, and quicker to retain experienced people than it is to hire them.

Junior Level                       

3% – 5%

Mid-Career                        

6% – 9%

Senior Level                      

10% – 15%

Top Management                           

15% – 20%

Annual Pay Raise by Industry in Philippines for 2022

The average yearly pay raise percentages for each of the Philippines’ major industries are shown in the chart below. You’ll observe that businesses tend to offer higher annual salary hikes in larger and more lucrative industries.

Banking

9%

Energy

9%

Information Technology

9%

Healthcare

9%

Travel

9%

Construction

9%

Education

9%

Salary Comparison by City

Use the table below to look up the data for each city we looked into if you want to compare salary between different Philippine cities.

City

Average Salary

Antipolo

588,500 PHP

Cagayan de Oro

566,900 PHP

Cebu

606,400 PHP

Dasmarinas

513,300 PHP

Davao

629,800 PHP

Kalookan

618,800 PHP

Las Pinas

537,300 PHP

Makati

524,300 PHP

Manila

639,100 PHP

Paranaque

559,000 PHP

Pasig

576,500 PHP

Quezon City

650,800 PHP

Government vs. Private Sector Salaries in Philippines

Another frequently asked question is whether you earn an extra salary working in the government or private sector.

Workers in the Philippines’ public sector make about 12% more salary than comparable private-sector employees.

Philippines Average Household Income

Every three years, households in the Philippines are surveyed nationally as part of the family income and expenditure survey. It offers information on all income sources and consumption levels, which in turn reveals the standard of living, income gaps, and spending habits of Filipino households. For the 2022 study, there are just preliminary findings; in contrast, the 2015 survey revealed that:

Approximately $5,237.10 was the average annual household income, whereas $4,217.14 was the average yearly household expenditure. As a result, the average yearly household savings now stands at $1,019.91.

The highest average household income was reported by households in the National Capital Region ($8,335.91), while households saw the largest increase in the Davao Region ($3,806.34 to $4,846.21).

Cost of Living in The Philippines

Living in the Philippines is often quite economical, especially when compared to Western and European nations. Additionally, it supports a variety of lifestyles. For example, a sizable population moves away on a budget; they live in cheap housing, eat cheap food, and travel via public transportation. To cover their basic necessities, a typical family leading this lifestyle needs at least $168 per month. Then there is the flip side, where you can spend the same as you did back home while accessing considerably better-living conditions. A typical family living this lifestyle will spend $300 per month on essential costs (excluding rent and mortgage payments). Here is a list of typical household costs in the Philippines:

Housing

Depending on your budget, there are several alternatives here. A smaller apartment will typically cost $162 per month in the city center and $289 per month on the outskirts, whilst a larger house (perhaps with three bedrooms) will cost $325 per month and $585 per month, respectively. If you desire something opulent, you may locate a million-dollar property on the beach for as little as $2,000 to $3,000 a month. The option of purchasing has some limitations. Make sure to compare mortgage offers if you decide to purchase on credit.

Food

The cost of food is quite low. You can save even more of your income by buying at the wet markets, where the lowest costs are. You can spend very little or as much money as you can afford to dine out. Restaurants can be expensive, but street food is accessible for remarkably low costs. The average household will ultimately spend $125 per month on food.

Transport

Public transportation in the Philippines is efficient and comprises trains, vans, jeepneys, metros, and taxis. Depending on the distance, one-way tickets start at about $0.20, while a monthly travel pass costs, on average, $9.81. additional typical travel expenses include:

·         Taxi/km – $0.26

·         Gasoline – $1.01/litre

·         Taxi start – $0.78

Toyota Corolla (or an equivalent new car) – $22,107

Other Expenses

Clothing, household cleaning supplies, and other necessities of daily existence are typically less expensive. Even though these costs differ from person to person, the typical household should budget $100 each month for them.

Finding Employment in the Philippines

The same methods you would employ to get employment in your own country are applicable when looking for employment in this country. Some of these strategies include looking for job openings online, networking, using contacts in the business world, using recruiting agencies, and requesting an internal transfer from your current employer if they have operations in the Philippines.

Research the Top Industries

The Philippines, a recently industrialized nation, has had consistent economic growth. However, 5.11%, according to data from the Central Intelligence Agency, was the country’s unemployment rate in 2019. (CIA). Agriculture, tourism, mining and resource extraction, shipbuilding, food production, and business process outsourcing account for a sizable portion of its income. As foreign investment keeps rising, more businesses are looking for English-speaking individuals across several industries. Try to learn more about the best employers and the kinds of jobs they offer first.

For instance, if you have experience in banking, finance, marketing, or technology, you could land a job with the Metropolitan Bank and Trust Company. In addition, one of the biggest companies in the Philippines, Alliance Global Group, is also looking for qualified individuals.

Find Work in the Philippines

In the Philippines, there are a variety of ways to obtain work based on your circumstances. Your employer may be able to help if you work for an American corporation with offices abroad. If the business currently needs offices in the Philippines, find out if it intends to grow there. After that, send a letter requesting a job transfer and await a response. Reaching out to previous employers and coworkers, joining LinkedIn groups, or attending job fairs are further options.

Remember to look at the top job boards in the Philippines. Major platforms like Glassdoor, Indeed, Monster, and others are accessible worldwide. For instance, Indeed lists more than 55,000 job openings in Manila alone. Additionally, you can use the following websites:

·         JobStreet.com.ph

·         CareerJet.ph

·         Bossjob. ph

·         Mynimo.com

Meet the Legal Requirements

An expatriate is a person who resides and typically works outside of their place of citizenship or birth. The phrase is frequently used to refer to workers who have been sent on a lengthy but temporary assignment to another country, typically by their employers, to fill a specific gap or receive training in certain expertise.

Finding employment in the Philippines is merely the beginning of a new life. Prior to beginning working, you must also obtain a work permit or a visa. The Philippine Bureau of Immigration states that foreign workers require a pre-arranged employee visa (9G). You’ll need to provide a number of documents, including copies of your passport, contract of employment, clearance certificate, and more, to receive this document. Different rules apply to temporary workers.

You are free to pursue employment in a variety of different fields, including, but not limited to, finance, engineering, HR, sales, IT, customer service, and advertising. Just be aware that locals are given preference over foreigners unless there is no acceptable local candidate for the post or a foreigner has extremely coveted or developed expertise.

Some vocations necessitate obtaining a license to practice, a college degree, and necessary professional experience. Jobs in the medical industry, accountancy, engineering, and other fields are included in this. Therefore, it’s crucial for foreigners to learn about license criteria and whether their current licenses are accepted in the Philippines.

Job Opportunities for Expatriates in Philippines

In the Philippines, the service sector employs more than half of the working population. Therefore, the majority of career prospects for foreigners are also found in the construction, production, mining, tourist, and agriculture industries. Having said that, contact centers, other business outsourcing facilities, and language teaching are the most sought-after employment sectors for foreign nationals in the Philippines (particularly English).

You are free to pursue employment in a variety of different fields, including, but not limited to, finance, engineering, HR, sales, IT, customer service, and advertising. Just be aware that locals are given preference over foreigners unless there is no acceptable local candidate for the post, or a foreigner has a highly desirable or developed expertise.

Why Filipino Workers Aren’t Hurt by Low Outsourcing Salary

Employing Filipino workers is a decision that benefits both your business and the BPO company, independent contractor, or consultant that you are dealing with who is situated in the Philippines.

It enables your business to improve its financial position, provide acceptable employment and pay to workers in the Philippines, and support safe working conditions in the nation’s BPO sector.

In the Philippines, BPOs even offer an average salary that is higher than that of other industries. That is empowerment, not the slightest bit of slavery.

Lower Cost Of Living

Despite lower wages and an unfavorable exchange rate (1 USD = 50.59 PHP in May 2020), the low cost of living in the Philippines is one of the primary elements that make it possible for Filipino workers to live comfortably.

You don’t have to spend the most of your annual earnings on your daily requirements when the cost of living is lower. For example, in the Philippines, a family’s average annual expenditure is PHP 239,000 ($4,758.07), according to the Philippine Statistics Authority (PSA).

In 2018, the typical family saved about PHP 75,000 ($1,493.56), or roughly 24% of their income. This indicates that the majority of families can live comfortably and set aside 20% for savings.

As a result, businesses considering outsourcing their business processes to the Philippines shouldn’t allow any unwarranted guilt or hesitation to stand in their way.

Outsourced Salaries vs. The Minimum Wage

The minimum wage in the Philippines varies by location and ranges from PHP 290 (US$5.70) to PHP 537 (US$10.61) per day. This minimum salary is intended to meet each person’s basic requirements.

However, it’s frequently regarded as being too low to support basic needs for most people, who spend 75–80% of their salaries on just those. In contrast, the typical BPO employee makes roughly PHP 375,000 ($7,395) per year, or more than PHP 1027 ($20.31) every day.

It is obvious that most BPO employees make enough money to maintain a comfortable lifestyle when considering the gap between their average monthly compensation and the minimum wage.

Reasons Philippine Is The Ideal Location For Outsourcing

Access To Skilled Talent At Low Costs

Most businesses aim to save expenses when outsourcing non-critical work, but not at the expense of quality, right? Fortunately, you can find highly qualified talent in the Philippines for a tiny fraction of what you would pay an American worker!

What’s best? There is an abundance of talent available for hire. The Philippines has a high literacy rate of 98.18%, contributing to the annual inflow of thousands of Bachelor’s degree holders into the labor force.

Additionally, the Philippine government’s TESDA (Technical Education and Skills Development Authority) initiative offers training for jobs in the BPO industry. All of these elements combine to create a big pool of Filipino talent that is ideal for your outsourcing requirements.

English Fluency

The language barrier plagues most overseas BPOs and makes communication extremely challenging.

For instance, they might need to speak your preferred language (often English) better, which frequently results in misunderstandings.

With the Philippines, this isn’t the case. In addition to Filipino, English is also utilized as a dominant language in the Philippines (Tagalog). As a result, one of the greatest English-speaking populations around the world is found in the Philippines. This is the key benefit of choosing the Philippines over other foreign nations as an outsourcing hub.

You won’t have trouble communicating successfully with your outsourced Filipino teams, so relax. Depending on your demands, they may also successfully manage call center jobs and other customer services.

Tax Benefits

The Philippines is one of many international nations where salaries are less expensive. But conversely, the Philippines is a far more affordable option for your BPO needs because of advantageous tax legislation!

The Philippines government has implemented a number of tax perks to promote the expanding BPO sector and make the nation a desirable location for outsourcing. One of these is the Special Economic Zones Act.

For foreign businesses, this law provides a number of tax exemptions and perks, including:

·         Local tax and permits exemptions.

·         Four-year corporate income tax exemption.

·         For foreign investors and their

respective relatives, permanent residency.

·         Imports of machinery, equipment, raw materials, etc., are tax-free.

That’s not all, though. In addition to these advantages, establishing your company with the Philippine Economic Zone Authority would also grant you access to other benefits and incentives (PEZA).

Data Security And Privacy Regulations

This is a top priority for companies considering BPO services. After all, you should give the third-party service provider access to company information and important files.

However, you may easily get rid of these concerns by outsourcing to the Philippines. This is because the Philippine government has passed stringent laws like the Data Privacy Act to protect the security of its outsourcing business.

According to the Data Privacy Act, anyone who violates privacy laws might be sentenced and pay a hefty fine of $20,000 to $100,000. However, your data is kept secure from falling into the wrong hands, thanks to the strict rules that are in place.

How does the $500 monthly average income in the Philippines function?

The Philippines has one of the lowest living expenses among its neighbors. So let’s compare the everyday living expenses of an average Filipino family to what they require.

How much a Filipino family needs

Based on the Philippine Statistics Authority (PSA), a family of five requires at least US$210 per month, or PHP 10,481, to cover their most basic food and non-food needs.

This indicates that considering their low average pay, the ordinary Filipino family may be able to live comfortably on US$500 per month.

How much a Filpino family spends

Another PSA survey from 2015 found that an average Filipino household spends USD 4,150 annually or USD 345 per month.

Comparatively, the country’s minimum wage is greater than USD 9 per day or approximately USD 207 for a 21-day work month, which is insufficient compared to the typical yearly family spending.

What this means

The everyday needs and actual spending vary significantly, as seen in these statistics, but the underlying fact is that the minimum wage in the Philippines is insufficient, especially for a family with just one wage earner.

In many households, one parent earns the family’s living while the other—typically the wife—remains at home to take care of the home and children.

It should be noted that the great majority of accessible employment in the BPO sector pay over the minimum wage and offer workers advantages like health insurance and a variety of compensations.

A career in the business provides a solid starting wage that is sufficient to provide employees peace of mind, enable them to save money for unexpected expenses and investments, and allow them to engage in hobbies and other interests.

Factors that make a $500/month salary work for Filipinos

Although a monthly salary of $500 may not seem like much, many workers, particularly those in the BPO sector, may live comfortably on that amount.

Employers, especially foreign investors, can offer this average compensation for a variety of reasons. However, here are the main reasons why many Filipinos consider $500 a respectable average salary.

A strong sense of family

In general, there is a strong sense of family and community in the Philippines. Examples of this are the number of Philippine holidays, regional and municipal celebrations, and the 13th-month bonus that all employees must receive (paid immediately before Christmas)

.

Most Filipinos are expected to support the rest of the family when they graduate and look after their parents once they retire. A monthly wage of $500 can assist them in meeting their personal needs and support their families.

A person’s importance on their family is very important in the business. Therefore, most employees are motivated to stay on the job and do an excellent job by the desire to reduce their family’s financial burden.

large annual intake of young employees

Filipino students look for salaried jobs after graduating to provide for their families.

This guarantees an infusion of roughly 750,000 recent graduates each year who are eager to enter the workforce. A large number of them have training in communication and information technology.

The national government has consistently pushed universities and colleges to offer Bachelor’s degree programs that will educate students for a career in BPO, working in tandem with stakeholders in the BPO business and educational institutions.

Several educational institutions also provide affordable short-term courses for people who desire to work in the business but lack the funds to obtain a 4- or 5-year college degree.

Every year at the end of the academic year, many certificate holders and graduates with Bachelor’s degrees submit applications to BPO firms, especially those headquartered in urban areas.

Companies may be able to pay an average compensation of $500 US per employee and expand their teams more effectively thanks to the country’s annual abundance of new and highly trained personnel and the low cost of living there.

Fear of poverty

The Philippines is no different from other developing nations in that it has widespread poverty on its soil. It’s a major issue that about 10 million families in the nation believe themselves to be poor.

The Filipino workforce puts in a lot of effort despite this or perhaps because of it. They work hard to live comfortably, care for their families, and provide their siblings the opportunity to improve their life.

Of course, there are also motivated workers who want to develop in their careers and be acknowledged for their abilities. These employees upgrade their skills by pursuing a master’s degree, obtaining a license, or enrolling in short courses.

When they willingly accept the workload that has been assigned to them without grumbling or being snarky, this mindset is at work. Even when the work is difficult, tiresome, or frustrating, they remain focused on the end goal. This is true for many outsourced company activities, such as customer or technical assistance.

A monthly salary of $500 is NOT considered slavery for BPO employees.

A Filipino employee’s monthly salary of $500 US is not considered slavery. So naturally, depending on the task at hand, it can be a reasonably respectable sum that is enough to provide an excellent way of life and afford more than a family’s basic needs.

This is a far cry from the monthly minimum salary of US $ 308, which some claim may need more to feed a family well while still paying for rent, utilities, transportation, school, and other costs in the same time frame.

The extra funds that is left over after paying for expenses might be saved up in an account. Even better, it can be utilized to advance the employee’s education, making them a more valuable asset to the business and giving them a better opportunity to enhance their lives.

Conclusion

The Philippines is the best alternative to meet your BPO demands because of the cheaper average salary.

Your business operations can continue to run well if you outsource work to the Philippines or work there. However, please be aware that the figures above represent the national average salary in the Philippines and may vary by industry.

FAQS

Which Filipinos earn a good salary?

Filipino workers typically earn roughly 45 600 PHP ($931.16) per month, which is regarded as a decent salary. However, their average salary was 190,000 PHP ($454.29), with their highest average salary being 11.390 PHP.

What was the Philippines’ average salary in 2020?

By 2020, the average monthly wage in the Philippines will rise to a high of $12,500.00 USD.

How much salary is required to live effectively in the Philippines?

Your expenses vary based on where in the nation you reside, the lifestyle you choose, and the amount of labor you put in. Around $400 is the minimum amount of money that one can comfortably have. There should be plenty for 200 people. Luxury lifestyles, however, cost between $1000 and $1500.

Total
0
Shares
Previous Post
is a 64k salary good

Is a 64k Salary Good?

Next Post
5 Figure Salary

5 Figure Salary – What Does it Mean?

Related Posts