THE PHILIPPINES is the third country with the lowest outlook for salary hikes this year, two foreign recruitment firms said.
The study conducted by India-based recruitment platforms MyHiringClub.com and NriJobPortal.com said the general salary level in the Philippines would increase by 4.21% in 2012, placing third in the list of countries with lowest outlook, next to Bulgaria (4.03%) and Vietnam (4.13%).
Worldwide average
The country’s salary increment outlook is also far below the worldwide average, placed at 10.19%, foreign news organization Emirates 24/7 reported, quoting the study.
The Philippines was followed by its neighboring countries Thailand (5.16%), Malaysia (5.67%) and Indonesia (5.91%). Others on the list with lowest salary increase outlooks were Portugal (6.19%), Austria (6.21%), Norway (6.37%) and Bahrain (6.86%).
Questionable basis
Sought for comment, Vicente R. Leogardo, Jr., director-general of the Employers Confederation of the Philippines, said an outlook for salary hikes was questionable.
“There are a lot of things that must be considered. Are we computing based on entry-level wages or not?” Mr. Leogardo said in a phone interview.
“As for the ranking, what is the basis of comparison?” he added.
Mr. Leogardo then pointed out that in terms of minimum wage, the Philippines pays higher compared to other countries in Southeast Asia.
“Our minimum wage rate is higher than that of China, Indonesia, Bangkok, Cambodia or Vietnam,” Mr. Leogardo told BusinessWorld.
According to the study, the ranking was based on comparisons of the total annual cash compensation and remuneration information provided by 5,326 companies in 31 different countries from Dec. 15 to 31, 2011.
Despite the euro zone crisis, European countries dominated the list of countries with the highest expected salary hike this year.
Denmark topped the list with a 16.49% rise in salary. It was followed by Ireland (16.27%), the United Kingdom (16.27%), Switzerland (15.76%), Belgium (15.57%) and Germany (15.45%).
Others on the list were Australia (14.79%), the United States (14.21%), Hong Kong (14.19%) and India (14.03%). — Kim Arveen M. Patria, Businessworld
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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