How much do Filipino workers earn?
The Philippines is a gold mine of professionals. Every year, Philippine colleges across the nation graduate 380,000 students across different courses and fields of study. Students choose their field of study based on their interest, intellect, their parent’s ability to afford the tuition, and more than anything else, how much they expect to earn once they enter the work force.
One of the more common courses that most Filipino students take up have to do with computers and information technology. In this field, they have a higher chance of getting a job than any other course of study. So, you might be wondering, how much does a computer professional earn in the Philippines?
According to ZDNet Asia’s Philippine IT Salary and Skills Report 2008, the following table shows the average annual salary of IT professionals in the Philippines.
Aside from IT professionals, you might also be interested to learn about average salaries for other traditional jobs that are comparable to more common jobs being outsourced on the internet nowadays.
- Average Salary of an Executive Assistant:
- Average Salary of a Data Encoder:
- Average Salary of a Customer Service Representative:
All of the above tables will help you determine the average salaries that working Filipinos receive for different job descriptions. These are the rates given by brick and mortar companies and doesn’t include benefits – both government mandated and other benefits the companies may opt to provide their employees. In essence, employees receive more than their salaries in the form of benefits. They get pension plans, health care plans, paid leaves, overtime pay, cost of living allowances, 13th month pay, holiday bonuses, etc. These benefits, more than anything, inevitably increase the value of an employee’s salary. Nevertheless, this will give you a fair idea on the salary range you may wish to offer your Filipino contractor for similar job openings. Just keep in mind that you’d have to add a certain percentage on top of these rates to compensate for the benefits that your worker will not be receiving if they work online.
On the next installment of this series, I will cover the different benefits that companies in the Philippines are required to give to their employees as mandated by the government, as well as other common benefits enjoyed by Filipino workers.