DOLE planning for another wage hike in PH
The Department of Labor and Employment in the Philippines ordered its regional wage boards to see if another round of wage hikes could be imposed next year for the country’s four million minimum wage earners.
The labor department said that this possible salary hike could help Filipinos to manage the impact of rising prices.
DOLE Secretary Bienvenido Laguesma said, “This [wage hike] is something we are studying. We are not disregarding recent events. That’s why our Regional Tripartite Wages and Productivity Boards (RTWPBs) have the directive that even though we just recently issued wage adjustments, we will still consider the current situation so we can help our workers and entrepreneurs.”
Wage adjustments are typically made once a year, but the RTWPBs are assessing additional factors like recent typhoons, the ongoing pandemic, and high inflation that could merit another wage hike for workers.
Inflation in the Philippines is at its fastest pace in nearly 14 years, hitting 7.7% in October. It is projected to rise further due to supply constraints for farm produce after the country suffered from a series of typhoon disasters.
The minimum wage in the National Capital Region was raised by P33 to P570 (US$9.81) a day. The increases in regional minimum wages ranged from P30 to P110 (US$1.89).
Related news
- US-based BPO launches new office in Davao · 21 Nov
- IT-BPM expected to drive employment · 5 Dec
- PH economy up 7.6% in Q3 · 11 Nov
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
