Philippines salaries to grow 6% in 2019 – Mercer
As firms seek workers with new skills to counter digital disruption to their business models, Philippine salaries are expected to increase by 6% next year, according to Mercer, a human resources consultancy firm. Bangladesh (10%), India (9.2%), and Vietnam (9.8%) are leading Asia in its forecast for wage inflation. In contrast, salaries in Australia, New Zealand and Japan are expected to grow at only 2.6%, 2.5%, and 2%, respectively. Floriza Molon, Mercer’s Career Business Leader for the Philippines, said the country’s overall hiring outlook is positive with 50% of companies across different industries looking to grow their talent pool to diversify and seize growth opportunities, and counter digital disruption. Mercer said outsourcing and shared services providers, in particular, have the most positive hiring outlook in 2019, with 70% of firms in the sector looking to expand, and 24% looking to maintain their current number of workers.
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