Did you know that the Philippines is one of the largest English-speaking countries? Approximately 14 million people in the Philippines speak English. Did you know that broadband speed in the Philippines is among the five top south-eastern countries? It has an average fixed broadband speed of 49.31 Mbps. Did you know that the Philippines is also known as the "text capital of the world''? It has earned this unique tag due to the high volume of text message usage. These are some fascinating facts, which also tell why the Philippines has emerged as one of the best countries for remote work.
The Philippines has been a perfect outsourcing hub for the information technology and service industry, and now it's also emerging as a gold mine for companies looking to hire remote workers to do their job efficiently and cost-effectively.
It makes perfect business sense to hire a virtual assistant in the Philippines or a SharePoint developer who can support your team remotely. Skuad can help you discover the right talent pool available in the Philippines; book a demo to learn more.
The Philippines is made up of 7,641 Islands and considered one of the largest archipelagos in the world. It boasts of many beautiful beaches and hence is a famous travel destination in South East Asia. Along with Filipino, English is the official language. The majority of the people in the country follow Christianity which is unique for an Asian nation.
The estimated population of the Philippines stands around 110 million in 2021, and its labor force is 60.48 percent. The employment to population ratio is 58.1 percent, while the unemployment rate is at 3.9 percent. In addition, most Filipinos can effectively communicate in English, making it one of the best locations for hiring remote talent.
The Philippines's Per Capita GDP was 3,000 USD in 2020, while the average monthly earnings are 935 USD. Therefore, the cost of living for one person is approximately 800 USD which means it’s 2.5 cheaper to live in the Philippines versus the United States of America.
The Philippines has an excellent internet penetration of 77.77 percent compared to other nations in the region. As per the latest data, the average broadband speed is 49.31 Mbps, while mobile internet speed is a decent 29.12 Mbps.
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Talent Pool Availability In the Philippines
One of the reasons for the poor economy of the Philippines has been the dependency on the Agricultural Industry. Natural calamities often hit it. Over the years, the Agriculture sector that once accounted for 25 percent is now down to single digits, making the service sector a significant contributor to the economy. The rise of the BPO driven service sector has been a boon for the country.
Manila is the national capital of the Philippines and also the knowledge workers hub. However, other cities such as Cagayan de Oro, Cebu City, Davao, Makati City, Manila, Pasig City, Quezon City and Taguig also play a key role in providing resources and infrastructure for remote employers and employees.
Let us take a look at the average monthly salary by cities (in Philippine Peso and US Dollar):
- Manila – 53,200 PHP/1050 USD
- Cagayan de Oro – 47,300 PHP/990 USD
- Cebu City – 50,600 PHP/1060 USD
- Davao – 52,500 PHP/1100 USD
- Makati City – 43,800 PHP/920 USD
- Pasig City – 48,100 PHP/1000 USD
- Quezon City – 54,100 PHP/1135 USD
- Taguig – 49,900 PHP/1050 USD
The Philippines offer remote workers in IT Services, Accounting, Customer Service, Design and Creatives, Digital Recruitment, Software Development, Marketing and much more. However, finding an effective workforce and managing the onboarding and ongoing payroll can be tedious; Having an Employer of Record (EOR) in the Philippines can take the burden off you.
Top Remote Profiles in the Philippines
Below are a few top remote profiles, along with starting hourly rates in US dollars.
Information Technology and Networking
- IT Operations Team Lead – USD 15/hour
- System Administrator – USD 10/hour
- Web and Mobile Developers – 15 USD/hour
- Full Stack Developer - 15 USD/hour
- IT Consultant – 20 USD/hour
Translation & Writing
- Translators (Spanish/English) – USD 5/hour
- Content Writer – USD 15/hour
- Article and Blog Writer – USD 10/hour
Sales and Marketing
- Lead Generator/ Web Research Specialist – USD 9/hour
- Sales Manager – USD 10/hour
- Business Development Representative – USD 9/hour
- Chat/Email Support – USD 5/hour
- Customer Service Manager – USD 15/hour
- Virtual Assistant – USD 10/hour
- Technical Service Representative – USD 5/hour
Design and Creatives
- Traditional Animator – USD 7/hour
- Video Editor – USD 12/hour
- Graphic Designer – USD 10/hour
- E-Learning Designer – USD 15/hour
- Curriculum Developer – USD 15/hour
Accounting and Consulting
- Accounting/Bookkeeping – USD 8/hour
- Research and Auditing – USD 20/hour
- Payroll Specialist – USD 10/hour
- Data Entry Specialist – USD 7/hour
- Data Processing Specialist – 6 USD/hour
- Business Development Manager – 10 USD/hour
Philippines Remote Hiring Trends 2022
The Republic of the Philippines is a Southeast Asian country with a particular aptitude and fondness for remote work. In 2021, nearly half of the country's population reported that they preferred to work fully remotely.
Hiring Activity in the Philippines
Unlike much of the world, whose economies took heavy hits due to the COVID-19 pandemic, the Philippines have seen declining unemployment in 2022, with a current unemployment rate of 6%. The unemployment rate fell by 0.6% between February and March of this year alone. However, experts suggest that this current boost in employment statistics will not be sustainable unless the economy is stimulated enough for more jobs to be created.
Jobs With the Fastest-Growing Demand in 2022
These are some of the fastest-growing roles in the Philippines in 2022:
- Customer service specialist
- Data entry
- Digital marketer
- Web developer
- Graphic designer
Top Priority for Job Seekers in the Philippines
According to the Michael Page 2022 Talent Trends, salary is the main priority for job seekers in 2022.
However, 73% of candidates are willing to exchange a better work-life balance for a higher salary.
Top Five Remote Companies Hiring in the Philippines
According to Himalayas, the top five remote companies hiring in the Philippines are:
What's the Hiring Cost in the Philippines?
Hiring and training costs of employees can quickly become a pain area, especially while hiring remote employees. Let's see how does it look like in the Philippines
- Cost of living in the Philippines per person (with rent) – 1175 USD
- Cost of living in Manila per person(with rent) – 1724 USD
- Average rent in the Philippines (outside the city center) – 200 USD
- Average rent in the Philippines (within city center) – 500 USD
As per Economics and Business Research, hiring in the Philippines may exceed 40,000 USD per employee. Therefore, hiring remote employees can be a costly process. A simple keyword search can undoubtedly give you a list of candidates; however, finalizing the right talent, taking care of the local labor laws, contracts, and payroll requires expertise. Skuad’s unified employment solution enables the simplification of the processes. Talk to our experts to learn more.