We are pleased to present The Michael Page Philippines Salary Benchmark 2020 Report
Philippines progresses with game-changing reforms
“Digital transformation continues to be a hot topic, and those bringing a solid track record in this area should garner more advantage”
Carla Lastimosa , Director , Michael Page Philippines
One of Michael Page’s newest focus markets in Asia-Pacific, the Philippines presents significant opportunities for our partners This is in view of its recent return to stability and growth as well as the possibility of an even stronger decade ahead
With a 10-year average GDP growth of 5.5%, and the World Bank forecasting growth of 61% and 62% in 2020 and 2021 respectively, we believe our growing range of focus markets will continue to show promise, in spite of mixed predictions on the global front
Fortunately for the Philippines, lower inflation rates and a host of business incentives have seen more global businesses enter the market particularly those in the Technology, Manufacturing and FMCG areas We foresee continued strong opportunities for returning talent who have relevant international experience to enhance the domestic workforce
As with all markets, digital transformation continues to be a hot topic, and those bringing a solid track record in this area should garner more advantage; as will those with proven technology experience. This is especially evident in a market where Finance and Sales disciplines express interest in hiring ex-tech company professionals with experience in the mobile and e-commerce spheres Hiring managers in the Philippines will continue to seek experts in Finance, HR and Marketing, particularly those with data analytics and trend-spotting abilities These hires are typically able to identify market opportunities with enough
confidence to excel at stakeholder management
In addition, we firmly believe that business leaders with a convincing growth story combined with sound organisational development strategies will see more success in employee retention
We look forward to helping you expand your business horizons even further in the year ahead
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