News » ‘Gloomy’ labor market to welcome Filipino fresh grads

‘Gloomy’ labor market to welcome Filipino fresh grads

‘Gloomy’ labor market to welcome Filipino fresh grads

About 1.6 million fresh college graduates in the Philippines will be greeted by a “gloomy” post-COVID-19 labor market. 

According to the job website Indeed, the average salary of Filipino freshers is only P16,509 (US$303) per month. For highly skilled new graduates, Trade Union Congress of the Philippines (TUCP) spokesman Alan A. Tanjusay said that the monthly payment is P20,000 to P25,000 (US$367 to US$459).

He said, “When disorientation occurs as a result of a mismatch between graduates’ salary expectations and the actual salary, they choose to work abroad.”

Earlier this month, the Department of Labor and Employment (DOLE) gave a P33 (US$0.61) wage hike was given to workers in Metro Manila and  P55-P100 (US$1.01 to US$1.84) increase in Western Visayas.

Tanjusay noted, “The government hasn’t said so, but the way it does things now, especially with wages, it promotes our country as a cheap labor hub…”

Read more here.

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