Global Headhunting & Recruitment Solutions in Philippines
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for organizations that want to attract and retain the best talent from around the world. Here are some key reasons why:
1. Access to a larger talent pool: By casting a wider net and looking beyond local talent, organizations can tap into a larger, more diverse pool of candidates with a wider range of skills, experiences, and perspectives.
2. Cost savings: Hiring local talent may be less expensive in the short term, but in the long run, it can limit a company’s ability to scale globally. By creating a global recruitment strategy, companies can identify and leverage cost-effective hiring practices across different regions, which can help to reduce overall recruitment costs.
3. Better alignment with business goals: A global recruitment strategy can help ensure that hiring decisions are aligned with the company’s overall business strategy and objectives. By taking a more holistic approach to recruitment, organizations can ensure that they are hiring candidates with the skills, experience, and cultural fit that will help drive their business forward.
4. Improved employer branding: By positioning themselves as a global employer of choice, organizations can attract top talent and differentiate themselves from competitors. A strong employer brand can also help to reduce recruitment costs and improve employee retention rates.
Why hire talents in Philippines?
There are several reasons why a company might choose to hire talent in Philippines:
Skilled workforce: The Philippines has a large pool of educated and skilled workers, particularly in the fields of IT, engineering, and healthcare. This means that organizations can tap into a diverse range of talent with a wide range of skills and expertise.
- English proficiency: English is widely spoken in the Philippines, which makes it an ideal location for companies that require English-speaking employees to communicate with customers or partners from around the world.
- Cost savings: Compared to other countries in the region, the cost of labor in the Philippines is relatively low. This makes it an attractive location for companies that want to reduce their labor costs without sacrificing quality.
- Cultural compatibility: The Philippines has a strong cultural affinity with Western countries, particularly the United States, which makes it easier for Western organizations to do business in the country.
- Government support: The Philippine government has implemented several programs to support the growth of the IT and BPO industries, including tax incentives and infrastructure development.
How much does it cost to hire talent in Philippines?
As of 2021, the minimum wage in the Philippines ranges from 537 Philippine pesos (about $11) to 700 Philippine pesos (about $14) per day, depending on the region. However, salaries for skilled professionals such as IT specialists, engineers, and managers can be much higher and can range from 30,000 Philippine pesos (about $600) to 100,000 Philippine pesos (about $2,000) per month or more.
In addition to salary, employers in the Philippines are required to pay benefits such as health insurance, social security, and paid time off. The total cost of these benefits can vary, but is typically around 20-30% of an employee’s salary.
Employee labor laws in Philippines
Working Hours in Philippines
In the Philippines, the standard working hours are 8 hours per day and 40 hours per week. The law provides for a mandatory 1 hour break for employees who work for more than 8 hours a day. Employers are also required to provide employees with mandatory rest periods and days off. This includes at least one day off per week and paid annual leave. Overtime work is also regulated by law and should be compensated accordingly.
Minimum wage
As of 2022, the minimum wage rate in the Philippines varies across different regions and sectors. The daily minimum wage ranges from PHP 290 to PHP 537 (approximately USD 5.8 to USD 10.7), depending on the sector and the location of the workplace. The highest minimum wage rates are usually found in the National Capital Region (NCR), while the lowest rates are in regions outside the NCR.
General taxation
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Taxable Income
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Tax Rate
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Over PHP 250,000 up to PHP 400,000
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20% of excess over PHP 250,000
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Over PHP 400,000 up to PHP 800,000
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PHP 30,000 + 25% of excess over PHP 400,000
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Over PHP 800,000 up to PHP 2,000,000
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PHP 130,000 + 30% of excess over PHP 800,000
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Over PHP 2,000,000 up to PHP 8,000,000
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PHP 490,000 + 32% of excess over PHP 2,000,000
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Hire the best talent in Philippines with EER Global
EER Global adopts a customized and professional approach to locate the most suitable talent for your company. By carefully assessing and identifying the perfect candidate for your specific role, they can save you time and resources that would have otherwise been wasted on hiring the wrong person.
With their vast network and industry expertise, they can link you up with exceptional candidates in the job market, enabling you to fill your positions quickly and effectively. Additionally, they can offer valuable insights and recommendations on the recruitment process, empowering you to make informed decisions that align with your business objectives. If you are planning to recruit in the Philippines, do not hesitate to get in touch with EER Global’s dedicated team of professionals for further details.
