PH salaries to rise by 6% in 2019 — report
Companies are looking to hire more people and raise wages this year.
Global firm Mercer said salaries in the Philippines will rise by an average of 6 percent this 2019, while more than half of companies are looking to hire more employees.
“Against a backdrop of continued strong economic and real wage growth (salary increase minus inflation rate) in emerging markets, the Philippines finds itself at the middle of the spectrum with asalary increase forecast of 6%,” the group said in their December report.
Bigger salary increase forecasts were seen in Bangladesh (10%), India (9.2%) and Vietnam (9.8%).
“The overall hiring outlook for the country is positive, with an average of 50% of companies across different industries looking to grow their talent pool to seize diversification and growth opportunities in the face of ongoing digital disruption,” said Floriza Molon, Mercer’s Career Business Leader for the Philippines, Mercer.
On the other hand, the shared services and outsourcing hubs like call centers said they will open new jobs this year.