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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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